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 Question Thank you! Oops! Related Contents Walk in Our Shoes Planning your financial future is a journey you don’t have to walk alone. 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 Creative Planning Turn insight into action with Waddell & Reed WealthLink’s creative planning tools.