Dismantling the Top Social Security Myths of 2023

Have you ever wondered if the Social Security system will run out of money before you retire? Or if claiming benefits as soon as you're eligible is the best decision for your financial future?

In this episode, we'll be debunking common myths about Social Security and answering the questions you've been curious about. This is an important part of most people’s plan and it’s essential to understand the benefit and how it best fits into your income plan.

 

Here are the myths we break down in this episode:

• The Social Security Administration will help you make the best decision about when to claim.  (1:54)
• You won’t owe any taxes on your Social Security benefits. (3:56)
• Social Security will run out of money. (5:35)
• You should claim your benefits as soon as you’re eligible.  (7:27)
• If you have a pension, you aren’t eligible for Social Security.  (10:44)
• This week’s Kingdom Minute. (15:27)

 

 

The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.