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CBSMoneyWatch: Social Security Errors That Can Cost You Thousands

Mistake #2: Claiming Social Security now before program changes are made

"Some people think they must hurry to apply now, before Social Security runs out of money or before reforms make them ineligible," Landis said. "In fact, Social Security is projected to have the money it needs to operate at the current level for over two decades. And nearly all reforms on the table will apply to younger generations, not those currently retiring. So calm down and follow your best plan for claiming Social Security benefits."

(iStock)

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5 Social Security Myths that Have to Go
Are Your Social Security Taxes a Good Investment?



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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