3 Social Security Facts That Are Key to Bigger Benefits

Not understanding this retirement program could cost you real money in the future.

What you don't know can't hurt you, right? Well, actually, it can hurt you a lot if what you don't know are the basics about a program that's as important to your financial security as Social Security. And according to the results of a new quiz, a lot of Americans may be in for a lot of hurt.

The quiz, commissioned by Massachusetts Mutual Life Insurance, asked 1,500 Americans 10 true/false questions about the program that this year is paying out retirement benefits totaling almost $55 billion each month to more than 42 million Americans. The results were not encouraging.

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Kevin McCormally
Chief Content Officer, Kiplinger Washington Editors
McCormally retired in 2018 after more than 40 years at Kiplinger. He joined Kiplinger in 1977 as a reporter specializing in taxes, retirement, credit and other personal finance issues. He is the author and editor of many books, helped develop and improve popular tax-preparation software programs, and has written and appeared in several educational videos. In 2005, he was named Editorial Director of The Kiplinger Washington Editors, responsible for overseeing all of our publications and Web site. At the time, Editor in Chief Knight Kiplinger called McCormally "the watchdog of editorial quality, integrity and fairness in all that we do." In 2015, Kevin was named Chief Content Officer and Senior Vice President.