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Approaching Social Security and still confused? You’re not alone!
A recent online quiz offered by MassMutual produced yet another dismal view of how much–or how little–folks aging into Social Security eligibility understand about the basics of this massive program. To be fair, it is not only massive and it can be rather confusing as well, but with 41% of participants age 55 to 65 answering 6 or more of the dozen pretty fundamental questions incorrectly, it’s obvious that further education is in order. The result was better than the preceding year’s edition of the poll, but not by a whole lot. Click here to review a nasdaq.com post by Money.com’s Mary Ellen Cagnassola providing an analysis of the test results.
While you’re reviewing the post, go ahead and check out your own understanding of the questions asked. If you find you have difficulty, know that the AMAC Foundation Social Security Advisory Service is available to help you shore up your knowledge in these fundamental areas. Learn more about this free-to-the-public service here.