It’s a relatively simple ten-question test, but nearly three-quarters of the people who take this test, which was devised by an insurance company, will flunk. They don’t know what the current “full retirement” age is, and they aren’t aware that continuing to work after you start receiving Social Security payments could reduce the amount you receive. It’s fashionable for young people to say “oh, Social Security isn’t going to be there when I retire”, but do you know whether there’s any basis in fact for that assertion? There’s a link to the quiz in this short article, and you might just learn something!
Posted by Tim Morrissey