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Improving Your Knowledge Of Social Security

Social Security benefits represent about 39 percent of the income of the elderly, according to the Social Security Administration.
Social Security benefits represent about 39 percent of the income of the elderly, according to the Social Security Administration.

Social Security plays a big role in the retirement plans of millions of Americans, yet many people don't have the faintest idea of how it works. A recent survey by Mass Mutual showed what the insurance company called a "concerning knowledge deficiency about Social Security retirement benefits." The survey included a 10-question true/false quiz about this key source of retirement income that only 28 percent of the respondents were able to pass.

Here to talk about improving your Social Security knowledge and how it fits into your overall retirement planning are Sue Denny, public affairs specialist with the Social Security Administration's Cincinnatioffice; Social Security Administration Technical Expert Cam Carver;  and Chris Desimio, a financial advisor with Wells Fargo Advisors in Cincinnati.

Listeners are reminded that the information on the show is general in nature and may not apply to your personal investment situation.

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