From Yahoo.com….
So you think you know all you need to know about Social Security? If so, congratulations – you are in the minority when it comes to knowledge of the nation’s biggest retirement benefits program.
A new study released by the Nationwide Retirement Institute found that most Americans are sorely lacking in knowledge about the most basic functions of Social Security. The study was based on a survey conducted by The Harris Poll on behalf of the Nationwide Retirement Institute, part of the Nationwide insurance and financial services company.
“It’s indisputable that Americans across all generations need more Social Security education,” Tina Ambrozy, senior vice president of Strategic Customer Solutions at Nationwide, said in a press release. “Unfortunately, failing to close the knowledge gap and correct some of these misconceptions can have costly repercussions. Financial professionals must help their clients understand this bedrock of retirement security in America and plan properly to maximize their Social Security benefit.”
Here are five things most Americans don’t know about Social Security:
