Stop Believing These 12 Social Security Myths (They're Costing You)

Most people have Social Security completely wrong — and the mistakes are expensive. In this video, Erik Soderborg and financial advisor Zacc Call correct 12 of the most common Social Security misconceptions, including when to claim, how spousal benefits actually work, whether Social Security is going broke, and the real rules around taxes and Medicare enrollment. --- 🎓 THIS VIDEO IS PART OF OUR COMPLETE SOCIAL SECURITY SERIES: ▸ Episode 1 – How SS Is Calculated:    • Maximize Your Social Security: How Your Be...   ▸ Episode 2 – The Menu:    • The Social Security Menu: 4 Benefits, But ...   ▸ Episode 3 – Break Even:    • Social Security at 62 vs 70: The Math Ever...   ▸ Episode 4 – Real Life Examples:    • We Ran the Numbers: When Singles vs Marrie...   ▸ Episode 5 – Roth Conversions or SS Order:    • Why Roth Conversions Should Be Your LAST R...   ▸ Episode 6 – This Video 🎓 SOCIAL SECURITY TAXABILITY VIDEOS: ▸ Episode 1 – How SS Is Taxed:    • Here's How Much Will Your Social Security ...   ▸ Episode 2 – Calculate Your Own:    • Social Security Taxable Income Explained S...   Download the SS Taxability Worksheet for Free Here: https://theretirementnerds.com/social... --- 📞 NEED HELP WITH YOUR RETIREMENT PLAN? If you have questions about Social Security strategy, Medicare plan selection, or building a retirement income plan, reach out at TheRetirementNerds.com. --- Join our newsletter for monthly tips, book recommendations, and personal stories! https://theretirementnerds.com/newsle... ⏰ TIME CODES ⏰ 0:00 Introduction 1:04 Myth 1 - SS is Going Broke in 2032 10:37 Myth 2 - FRA is 65 13:08 Myth 3 - Everyone Should Take SS at... 16:24 Myth 4 - SS is Locked In When I File 18:58 Myth 5 - Spousal Benefit Mistakes 29:24 Myth 6 - Spouse Automatically Gets 50% of My Benefit 31:01 Myth 7 - Ex-Spousal Benefit Confusion 33:13 Myth 8 - SS Income is Guaranteed to Rise with Inflation 36:48 Myth 9 - Working and Taking Social Security 41:58 Myth 10 - Social Security Taxability Rules 50:37 Myth 11 - Social Security Protected from Creditors 52:05 Myth 12 - Medicare & Social Security Rules 56:20 Where to Get Help ============================= #theretirementnerds #retirementnerds #finance #SocialSecurity #RetirementPlanning #SocialSecurityMyths #Medicare #RetirementIncome Federal Disclaimer: We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options. Disclosure: This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved. Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast. Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.