Social Security Fact or Fiction The Retirement Show: Your Life, Your Money with Scott Sierens

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.
 
Here’s some of what we discuss in this episode:
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
 
Article – Retirement Planning:  How Much the Average 65-year-old Retiree Spends Monthly
https://www.nasdaq.com/articles/retirement-planning%3A-how-much-the-average-65-year-old-retiree-spends-monthly
 
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