The basics about Social Security such as age of eligibility and lifetime payments are well known by most of us, but a surprising few are aware of many important aspects of the program which could lead to a more fruitful retirement if utilized smartly. “When you scratch beyond the surface, the knowledge really plummets,” said Jean Setzfand, vice president of financial security for AARP, which recently polled older adults on their Social Security knowledge. “I don’t blame people for not knowing and understanding the details. It can be really confusing.”
A very informative article was posted earlier this week which describes some key things to know. In it, Eileen Ambrose highlights 8 important items to be sure to know as the retirement decision approaches. If interested, please visit the article (linked here) to learn more.