Latest News
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
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.