Latest News
Unpacking Some Enduring Myths About Social Security
When it comes to Social Security, there are quite a few myths and misunderstandings that persist. Currently, in the wake of the publication of the 2025 Trustees Report last week, the prevailing sentiment is that the program will cease operations in 2033 (or, as many claim, will “go broke”). Repeating this myth, of course, merely showcases one’s lack of understanding about how the program works. Another is the legendary claim that politicians have raided Social Security’s trust funds to pay pet projects, and that’s why insolvency is developing…another clear indicator of lack of knowledge.
Beyond those two classics, though, are three common mistaken beliefs about the Social Security rulebook that could be harmful to beneficiaries as they seek to obtain their appropriate earned benefits from the program. Columnist Vawn Himmelsbach, writing for Moneywise in a Yahoo!Finance post, examines these three chronic rumors that, if not discounted, could cost you. Check out this post here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.