Financial Advisor

Most Near-Retirees Miserably Fail Basic Social Security Quiz

Social Security is the prime source of retirement income for many individuals, but Americans’ knowledge of the basics of the benefits gets a failing grade, according to a consumer poll by MassMtual.
CNBC

78% of near-retirees failed or barely passed a basic Social Security quiz. Test your knowledge before you claim

Most people ages 55 to 65 either failed or barely passed a 13 question true/false quiz on Social Security. While many near-retirees expect Social Security to be their largest source of income in ...
The Motley Fool

Study: Most Americans Understand Investing Basics But Struggle With Some Specifics

Average Americans scored 48% on a basic investing quiz, revealing gaps in knowledge. Those rating high confidence in investing knowledge did not score highest, hinting at overconfidence. Understanding ...
Business Wire

MassMutual Explores Near-Retiree Knowledge of Social Security Retirement Benefits During the COVID-19 Pandemic

SPRINGFIELD, Mass.--(BUSINESS WIRE)--Just over one-third (35%) of near-retirees (age 55 to 65) failed and another 18% earned a grade of D on a basic knowledge quiz about Social Security retirement ...
Business Wire

MassMutual Takes Another Pulse and One-third of Near-retirees Failed a Basic Social Security Quiz

SPRINGFIELD, Mass.--(BUSINESS WIRE)--For the third time since 2015, Massachusetts Mutual Life Insurance Company (MassMutual) commissioned a consumer poll to quiz near-retirees on their basic knowledge ...