(Mid-America Pension Right Project): 5 Common Blind Spots on Social Security

Via ThinkAdvisor

By Ginger Szala

Social Security can be complicated, which is why an individual needs an advisor to walk them through salient points, and advisors need to be up to speed on the program.

A majority of people don’t know the standard benefits they could be receiving, according to a SimplyWise survey that found less than one in eight Americans aged 60 to 70 saw themselves as “very knowledgeable” on the subject. The group also found that there are five areas that are especially confusing to recipients, and only one in 300 of those who took a five-question quiz answered all the questions correctly.

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