Reported 4 months ago
A recent survey by Massachusetts Mutual Life Insurance Co. revealed that nearly 7 in 10 people aged 55 to 65 failed or barely passed a Social Security retirement benefits quiz, with only 1% answering all questions correctly. The quiz aimed to test knowledge on various aspects of Social Security, highlighting concerns over the lack of understanding regarding retirement income sources. The findings show a decrease in quiz performance compared to the previous year, emphasizing the importance of education and planning for retirement. Individuals can benefit from working with financial advisors and utilizing tools like SmartAsset's Social Security Calculator to enhance their retirement planning strategies.
Source: YAHOO