Don't Believe This Dangerous Social Security Myth
There's a lot of misinformation floating around with regard to Social Security, and at times, it can be hard to know what to believe. For example, you may have read that Social Security is running out of money completely. It isn't. While the program may need to cut benefits in the future, it still has a number of viable revenue sources that will allow it to keep paying benefits to members of today's workforce.
But there's another Social Security myth you may have been led to believe -- that you can live off of your monthly benefits without having to rely on any other income. And that's one of the most dangerous misconceptions you can buy into.
The amount of money you receive from Social Security in retirement will not be the same as what your job pays you. Not even close.
Source Fool.com
