Social Security Myths Debunked
January 24th, 2013|
January 23, 2013
An article by the Marshfield News Herald took a look at several myths surrounding Social Security benefits in the United States.
The first myth that was examined is that Social Security is only for those who have retired. This is, in fact, false. The Social Security system in our country actually pays benefits not only to retired Americans, but also to millions of individuals who are unable to work due to disabilities. In addition, it also pays out benefits to dependents of those who are no longer able to work. These programs are called Social Security Disability and Supplemental Security Income.
Others believe they have no need to save money for retirement since they will be able to receive Social Security benefits. While the system is designed to pay benefits to retirees, it was never designed to be an individual’s only source of income. This can be confusing to many people, considering most believe you cannot work after retiring without having benefits penalized. This is also untrue. Earnings limits are only placed on those who retire early.
The Social Security Disability Lawyers with Fleschner, Stark, Tanoos & Newlin acknowledge how confusing the Social Security system can be, but may be able to help if you have a question regarding your rights to Social Security benefits.