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Show Notes and Additional Resources: https://doncashpodcast.com/podcast/common-misunderstandings-when-it-comes-to-social-security/

On This Episode:
0:56 – Happy Thanksgiving!
2:23 – In the News: Social Security announced benefits would increase by 1.6% to cover cost of living. What are some of the common misunderstandings around Social Security?
3:37 – Here are the five most common misconceptions that Don hears.
4:25 – Let’s talk about the idea that Social Security is going broke. It’s been around since the beginning.
8:20 – How Social Security works exactly.
10:54 – Here’s how the ages break down for claiming Social Security.
13:58 – A fact about cost of living increases and how it all began.
14:45 – How we work with clients to determine the best strategies to maximize benefits.
15:31 – Most people do need to pay taxes on their Social Security benefits.
16:02 – How has the current program evolved over the years and is it going broke?
16:56 – 5 ways that Social Security could change to generate more money.
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