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Saving Advice
Saving Advice
Drew Blankenship

9 Social Security Myths Going Viral on Social Media That Can Cost Retirees Money

Social Security myths
Image Source: Pexels

Scroll through social media long enough, and you’ll probably see someone offering “insider” advice about Social Security. Unfortunately, much of that advice is wrong, and believing it can cost retirees thousands of dollars over time. The truth is that Social Security myths spread quickly online because they sound simple and dramatic, even when they ignore how the program actually works.

Misunderstandings about claiming age, working in retirement, and benefit calculations often lead people to make rushed decisions. In some cases, retirees lock in permanently lower benefits simply because they believed a viral claim that wasn’t accurate. Here are nine of the most common myths circulating online right now.

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