What Boomers Don't Know About Social Security Could Hurt Their Retirement
By 2030, all baby boomers will be at least 65 years old, according to the U.S. Census Bureau. As members of this influential generation enter retirement (if they haven't already), they'll be making big decisions about Social Security.
Sadly, many are missing vital information needed to make the right choices. In fact, just 37% of baby boomers say they are confident in their knowledge of Social Security, according to a study conducted earlier this year by Nationwide. Not understanding how the program works could lead to mistakes in when benefits are claimed, how they're taxed, or other key issues.
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Source Fool.com
