Social Security Fact or Fiction 

#socialsecurity #socialsecurityretirement #retirementplanning
Navigating Social Security can feel confusing. With a sea of information out there it’s hard to discern what’s fact and fiction. In this episode, Scott addresses five common statements about Social Security and breaks down whether they’re true or false.
But before we dive in, Scott shares an interesting article about retirement expenses for the average 65-year-old retiree. While you shouldn’t take these statistics and apply them to your specific situation, it is interesting to see how many retirees are spending more in their go-go years than in their slow-go years. Tune in for a great conversation on the power of front-loading your plan, understanding your expenses, and making informed decisions regarding Social Security.
Here's what we cover in this financial video:
0:00 - Intro
1:04 - Average retirement spending for 65-year-old
7:47 - Social Security taxes
13:39 - Taking Social Security when you retire
18:05 - Keeping all Social Security benefits when a spouse passes
20:30 - Penalties for working and taking Social Security
24:29- Collecting Social Security at 70 vs 62
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