10 Things to Know About Social Security Before You Retire
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Social Security is, for tens of millions of Americans, an indispensable financial foundation. As of August, more than 42 million seniors were receiving a monthly stipend from the Social Security Administration (SSA), with 62% of these seniors counting on their check for at least half of their monthly income.
Yet despite how vital this social program is, knowledge of the ins and outs of Social Security is often lacking. Back in 2015, just 28% of the 1,500-plus people who took MassMutual's 10-question true-or-false quiz on Social Security got a passing grade, defined as seven or more answers correct. Only one person managed a perfect score. Put plainly, what you don't know about Social Security could cost you dearly once you retire.
Source: Fool.com
