The Scoop: Social Security

Millions of people are on Social Security. Millions more will be added to the Social Security rolls every year. But when can you start to receive Social Security benefits? At what age do you receive full or reduced benefits? Can you work while also receiving social security? If you have been a stay-at-home mother and have little or no work history, can you still receive benefits? Do you know the answers to these and other questions about Social Security? If not, you aren’t alone.

[quote_box_left]”Perhaps the greatest Social Security deficit in this country is the lack of education around the retirement benefits of the program,” said Michael R. Fanning, a MassMutual executive. “With millions of Americans nearing retirement each year, many may be at risk of underutilizing a critical component of their retirement income stream.” (via Kiplinger)[/quote_box_left]

Massachusetts Mutual Life Insurance (MassMutual) asked 1,513 people 10 questions similar to these, and 72% flunked, answering 3 or more questions incorrectly. Only one person got all 10 questions correct.

How much do you know about Social Security? I will admit I thought I knew more than I did and got more questions wrong than I thought I would. How do you think you will do? I would need permission from MassMutual to publish their questions, so instead here is a link to a brochure with the questions and answers: Are You Ready for the Social Side of Your Retirement? It’s up to you whether you want to take the quiz before or after you finish reading this article. But you will probably get more correct if you continue reading first.

What do you think?

0 points
Upvote Downvote

Written by Lisa Jennings

Lisa has been helping people create budgets and get their bank accounts in order for over 15 years. As a conference speaker and presenter at financial events, Lisa enjoys helping people get their finances under control. You can reach her at


Leave a Reply

Your email address will not be published. Required fields are marked *





Chase fined $216M over debt collection | Bankrate

Top 100 Banks Using Social Media