benefits

benefits

Social Security: 1 Shocking Fact Most People Don't Know

1mo ago
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Social Security is a key component of financial security for millions of Americans. But there's one thing that most people don't realize about Social Security, and it has huge implications for their benefits in the future. In the following video, Dan Caplinger, The Motley Fool's director of investment planning, examines how Social Security is not a legally recognized property right and therefore can be taken away with impunity. Dan notes that most people think of themselves as being entitled to benefits, having paid taxes throughout their careers. But a 1960 Supreme Court case found that a government law taking away Social Security for citizens deported on account of being Communists was constitutional, and that precedent has been cited in numerous cases since then. From a political standpoint, it's unlikely that a massive withdrawal of benefits would happen, but it's still a danger that you should consider in your financial planning. Investing made simple: The Motley Fool's essential guide to investing is now available to the public, free of cost, at http://bit.ly/1atRpHZ. This resource was designed to cover everything that new investors need to know to get started today. For your free copy, just click the link above. Visit us on the web at http://www.fool.com, home to the world's greatest investing community! ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool