Don't Buy The Hype There are a lot of misconceptions about Social Security. Here’s the truth about three of them. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Annual Review A lot can happen in the course of a year. What happens if I withdraw money from my tax-deferred invest Withdrawing funds from retirement accounts before turning age 59 ½ usually triggers a 10% tax penalty Let’s Look Forward A lot can happen in the course of a year. Waddell & Reed WealthLink organizes your financial life.