Everything you think you know about Social Security is probably wrong.
The system isn’t “running out of money.” It’s not going bankrupt. And the chances are quite good that millennials will receive benefits from Social Security — although half of them don’t believe it, according to a 2014 Pew Research Center study.
Not understanding how Social Security works can be hugely detrimental to your future retirement. In my latest for NerdWallet, why it’s important to act instead of panicking.