There are plenty of misconceptions about Social Security benefits and when to claim them. I will summarize the list but you can read the details by clicking the link at the end of this post.
1. You should claim early, before your full retirement age, in order to “get back what you put in.”
2. It’s best to take it early, since you don’t know how long you will live.
3. By taking benefits early, you will be able to pay less in taxes.
4. With political gridlock and other problems in Washington, you can’t expect Social Security to stay solvent forever, so you should take benefits as soon as you can.
5. You understand the Social Security breakeven point, and it still seems best to take Social Security before age 70.
6. You don’t need to maximize monthly Social Security benefits because you’ll be spending less in retirement.
7. Getting Social Security means you don’t have to worry about spending a lot of money on health care since you’ll be getting Medicare, too.
8. You don’t need to worry about Social Security, because your kids or other family members can always help support you and even let you live with them, if needed.
9. You can never get the right information on Social Security benefits.
Read Janet Levaux's article at: http://www.thinkadvisor.com/2016/03/29/9-social-security-myths-worth-busting?page_all=1