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14% of People Failed this Simple Social Security Quiz
Earlier this year, independent investment advisory firm Financial Engines commissioned a survey of people approaching retirement. When asked how much they knew about Social Security, more than three-quarters of respondents said they were either very confident or somewhat confident that they had enough knowledge to make a smart choice about when to start collecting their benefits. To test that supposed knowledge, the survey asked participants eight basic questions about how Social Security works. The results were alarming, as only 5% of the group answered all of the questions right, nearly half got three or more questions wrong, and 14% of respondents outright failed the quiz….Read More
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