How to Understand the Facts about Social Security

We've all heard the hype from investment firms, "You better invest all you can because social security may not be around when you retire." Learn the truth behind the scare.

Instructions

Difficulty: Easy

Things You’ll Need:

• 5 minutes
• Open mind

1. SOCIAL SECURTY WON'T BE AROUND WHEN I RETIRE
   
   Social Security benefits can continue being paid out until 2041 even if the government does nothing. But since social security is important to many Americans you can bet our government will attempt to save it.
2. SOCIAL SECURITY IS BASED ON THE LAST 5 YEARS YOU WORKED OR ON ALL YOUR JOBS YOU'VE EVER WORKED
   
   It's actually based on the 35 years you earned the most.
3. EVERYONE RETIRES AT 65
   
   You can elect to receive social security benefits before your full retirement age, but your benefit amount will be reduced. To learn your retirement age visit www.ssa.gov