The #1 Social Security Myth (That Could Cost You Thousands)

Social Security spousal benefits are often misunderstood—and making the wrong assumptions about how they work could affect your retirement income. In this video, I break down some of the biggest myths surrounding Social Security spousal benefits, including how the 50% spousal benefit actually works, what happens if you claim Social Security early, and whether waiting until age 70 increases your spouse’s benefit. We’ll also cover the important difference between spousal benefits and survivor benefits, why the higher earner’s claiming decision matters, and how married couples should think about Social Security as one overall household strategy rather than two separate decisions. If you’re married and approaching retirement, understanding these rules can help you make a more informed decision about when each spouse should claim Social Security. #SocialSecurity #SocialSecurityBenefits #SpousalBenefits #SocialSecuritySpousalBenefits #RetirementPlanning #RetirementIncome #SocialSecurityTips #SurvivorBenefits #RetirementStrategy #FinancialPlanning Helping you to be wise with your money! To see more videos discussing personal finance Subscribe: https://www.youtube.com/channel/UCbDA... For more resources: 👉 https://www.wfa-nc.com/ 📝 Get your Free Retirement Plan checkup https://www.wfa-nc.com/retirement-plan-check-up To schedule a complimentary consultation with me: 👉https://go.oncehub.com/keithwilson1 I want you to be more confident in your future: whether that be through preparing for retirement, financial planning, portfolio analysis, or college planning. I trust the information you receive through these videos proves helpful with your personal financial situation! Website: www.wfa-nc.com Facebook: https://www.facebook.com/KeithWilsonF... Linkedin: https://www.linkedin.com/in/keithwils... I am looking forward to seeing you achieve your financial goals!