Show notes
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: https://youtu.be/AZfxGBp-Mts▸ Episode 2 – The Menu: https://youtu.be/Ssgulq9KwEU▸ Episode 3 – Break Even: https://youtu.be/FpnHmouqYl4▸ Episode 4 – Real Life Examples: https://youtu.be/vDxe7vUxC1I▸ Episode 5 – Roth Conversions or SS Order: https://youtu.be/8jhty1OoDXE▸ Episode 6 – This Video🎓 SOCIAL SECURITY TAXABILITY VIDEOS:▸ Episode 1 – How SS Is Taxed: https://youtu.be/-ifv6Y6migk▸ Episode 2 – Calculate Your Own: https://youtu.be/NxH2jHzZwFoDownload the SS Taxability Worksheet for Free Here: https://theretirementnerds.com/social-security-worksheet/---📞 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/newsletter/⏰ TIME CODES ⏰00:00 – Introduction01:04: Myth 1 - SS is Going Broke in 203210:37: Myth 2 - FRA is 6513:08: Myth 3 - Everyone Should Take SS at...16:24: Myth 4 - SS is Locked In When I File18:58: Myth 5 - Spousal Benefit Mistakes29:24: Myth 6 - Spouse Automatically Gets 50% of My Benefit31:01: Myth 7 - Ex-Spousal Benefit Confusion33:13: Myth 8 - SS Income is Guaranteed to Rise with Inflation6:48: Myth 9 - Working and Taking Social Security41:58 Myth 10 - Social Security Taxability Rules50:37 Myth 11 - Social Security Protected from Creditors52:05 Myth 12 - Medicare & Social Security Rules56:20 Where to Get Help=============================#theretirementnerds #retirementnerds #finance #SocialSecurity #RetirementPlanning #SocialSecurityMyths #Medicare #RetirementIncomeFederal 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.