Busted! Stop Believing These 7 Social Security Myths

social security
Photo by Dmytro Zinkevych From Shutterstock

1.The Social Security retirement age is 65

When Social Security was created in 1935, 65 was set as the age of eligibility. But in the meantime it was lowered to 62. Still, 65 remains the standard for full retirement. The 65 threshold is a longtime Social Security truth that became a myth. 2002 was actually the last year in which people turning 65 could claim their full benefit.

You have to keep in mind that the age when a worker qualifies to file for 100 percent of the benefits calculated from lifetime earnings is 66 and two months for people who were born in 1955 and 66 and four months for people who were born in 1956.

PREV1 2 34 ... 6NEXT

Leave a Comment

Your email address will not be published.

gun law

5 States to Implement New Gun Laws in 2022

1.Georgia- House Bill 962 and House Bill 971 Georgia HB969 for 2022 establishes a penalty for those who fail to report a stolen gun to Georgia law enforcement. A second or subsequent violation of this particular code section will result


13 Laws That Make America a Better Place

1. Freedom of speech  In 1791, this law was founded and is actually one of the best things that happened to America. Every human being should have the right to speak freely! “Everyone shall have the right to hold opinions

From Our Network: