Withdrawing is the most drastic way to stop Social Security, and that’s likely why it has such a short time frame attached to it.

Employment is so important for Social Security’s future because the program is heavily funded by a payroll tax. So if people aren’t working, Social Security’s trust funds aren’t sustainable.

Social Security misconceptions are everywhere, and some are more egregious than others.

“The recent unprecedented plunge in oil prices have all but wiped out the prospect of a Social Security cost-of-living adjustment for next year.”

Filing for unemployment right now can lead to an extra $600 per week from the federal government if you were laid off because of COVID-19.