Posted on Apr 5, 2021
Just 3% of near-retirees can correctly answer all of these Social Security benefit questions
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"MassMutual recently gave a 12-question true/false quiz to 1,500 people ages 55 to 65 who have not yet claimed their benefits.
Just 3% of the respondents were able to answer all of the questions correctly.
Meanwhile, 35% of the respondents failed the quiz altogether, and 18% received a D grade."
Just 3% of the respondents were able to answer all of the questions correctly.
Meanwhile, 35% of the respondents failed the quiz altogether, and 18% received a D grade."
Just 3% of near-retirees can correctly answer all of these Social Security benefit questions
Posted from cnbc.com
Personal Finance
Retirement
Posted >1 y ago
Responses: 1
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My “bonus” question: “if you receive a pension from an organization in lieu of paying into social security (such as California teachers), your “spousal” Social security benefits will not be reduced.” FALSE. Your spousal benefits will be reduced (via a calculation) based on the the pension earned while not paying into social security. It’s conceivable that the “offset” could eliminate the spousal social security altogether.
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