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A Quick Look at Some Social Security Misconceptions
Many folks aging into Social Security eligibility, as well as many younger folks just beginning to think about their retirement years, have heard a few things about the program. Unfortunately, many of the things they’ve heard may not be accurate. For example, it’s often thought that Social Security benefits completely replace pre-retirement income. Similarly, many folks still believe there’s one single “retirement age.” Also, it frequently comes as a surprise to find out that Social Security benefits are taxed.
If you’ve heard any of these “rumors” or “myths” espoused by those around you, it’s a good idea to research them to verify the truth. In a brief video posted on KTBS.com, three of the more persistent misconceptions are explained in detail. Check out the video here.