Archive - October 24, 2011

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The 4 Biggest Social Security Myths

The 4 Biggest Social Security Myths

Some quick Mythbusters of our own today, courtesy of Jonnelle Marte:

 1.) “Social Security is a terrible deal”

In fact, the truth is that the earliest people in the system got a good return on their payments into the system. Those working today pay more in Social Security taxes than previous generations but are going to get smaller benefits when it’s their turn to retire. Taxes are also set to increase with time so it’ll be even worse for future generations.

2.) “You’re not allowed to be unemployed and retired at the same time”

This simply isn’t true. It’s …

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