Nearly Half of Americans Failed This Social Security Quiz About Retirement
How many of these questions on retirement benefits do you know?


Nearly 80% of people nearing retirement don't have a basic knowledge of Social security retirement benefits, according to a recent report by MassMutual.
In its annual Social Security retirement benefits quiz, the life insurance company found that, while that is an improvement from years past, the results are still less than stellar.
For the report, Mass Mutual polled 1,500 Americans nearing retirement (age 55-65) who have not filed for Social Security retirement benefits. The company asked a number of questions and posed 13 true/false statements including some about spousal benefits, retirement age and taxes.
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Here's how respondents scored:
- F — 41%
- D — 37%
- C — 13%
- B — 7%
- A+ — Less than 1%
On the positive side, most people (92%) answered correctly (true) to the statement: In most cases, if I take benefits before my full retirement age, they will be reduced for early filing. Some 84% responded correctly (true) to: If I am receiving benefits before my full retirement age and continue to work, my benefits might be reduced based on how much I make.
But at the other end of the spectrum, just 23% of respondents knew this statement to be false: I must be a U.S. citizen to collect Social Security retirement benefits. And only 38% knew that Social Security retirement benefits are subject to income tax just like withdrawals from a traditional IRA account.
As far as retirement paperwork is concerned, the numbers remain pretty low there as well. Just 35% of people said they have a will in place, while 25% said they have a financial durable power of attorney.
Paul LaPiana, CFP, head of brand, product and affiliated distribution with MassMutual, said that while the results are grim, spreading awareness about these topics can help better prepare those nearing retirement for the future.
“The good news is that these individuals have not yet filed for Social Security benefits so they have time to understand the basic facts that can either help or hurt their financial situations in retirement,” he said. “And for those nearing retirement that have not gotten their estate planning documents in place yet, I urge them to make this a priority.”
Social security fundamentals
If you're not sure on the answers to some of these retirement questions, clearly you're not alone. But, as Kiplinger previously reported, there are some Social Security basics — 12 essential details you must know about claiming your benefits as you approach retirement age.
The first is finding out your full social security age, or the age that you're entitled to 100% of your benefits. You also should be aware of the number of credits you need to accrue throughout your career to be eligible for social security.
Securing your social security
There are many questions as of late as to the solvency of social security. Recently confirmed Social Security Administration (SSA) Commissioner Martin O'Malley has committed to overhauling the agency, promising shorter wait times and easier-to-use systems.
Last November, SSA chief actuary Steve Goss also aimed to assure the American public that their social security benefits will in fact be available to them when they are ready to use them.
“People should not worry about the trust fund running out of money, as is sometimes said, and (SSA) having an inability to pay any benefits,” Gross said. The likely "worst-case scenario," he said, is that the trust fund will be able to pay only about 80 percent of a beneficiary's benefit by 2034, he said.
That is providing that Congress does not act before then to deal with the issue.
To learn more about Social Security and how it works, you can visit the government's website USA.gov.
RELATED CONTENT
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Jamie Feldman is a journalist, essayist and content creator. After building a byline as a lifestyle editor for HuffPost, her articles and editorials have since appeared in Cosmopolitan, Betches, Nylon, Bustle, Parade, and Well+Good. Her journey out of credit card debt, which she chronicles on TikTok, has amassed a loyal social media following. Her story has been featured in Fortune, Business Insider and on The Today Show, NBC Nightly News, CBS News, and NPR. She is currently producing a podcast on the same topic and living in Brooklyn, New York.
-
These Stocks Dipped in 2025. Do They Have Value?
If you are looking to add new long-term positions to your portfolio, as you should, this is the time to examine stocks that the market shuns.
-
Striking Gold (or Gas): A Financial Pro Unpacks the Nuances of Energy Investing
Investing in the energy industry, particularly oil and gas, involves understanding the facts about how projects generate returns through cash flow and long-term asset building, while also being aware of the risks.
-
A Comfortable Retirement is About More Than Money
When it comes to a happy retirement, money can’t buy these things.
-
I'm 68 and Health Issues Forced Me to Retire. Should I Claim Social Security or Use My Savings Until I'm 70?
We asked financial planning experts for advice.
-
Four Ways a Massive Emergency Fund Can Hurt You More Than It Helps
Saving too much could mean you're missing opportunities to put your money to work. Redirect some of that money toward paying off debt, building retirement funds, fulfilling a dream or investing in higher-growth options.
-
Noctourism: The New Travel Trend For Your Next Trip
"Noctourism" is a new trend of building travel and vacations around events and plans that take place at night. Take a look at some inspiring noctourism ideas.
-
Decluttering Tips to Get a Head Start on Downsizing
Strategies include starting small, adopting a system, getting help from others and being ruthless about what to keep, even when it comes to sentimental items or inherited possessions.
-
I'm a Financial Planner: How to Dodge a Retirement Danger You May Not Have Heard About
Timing is everything, and sequence of returns risk can mean the difference between a retirement nest egg that's overflowing … or empty.
-
Caring for Aging Parents: An Expert Guide to Easing the Financial and Emotional Strain
Early conversations, financial planning and understanding the progression of care needs can help to mitigate stress and protect family relationships.
-
How Confident Retirees Think Differently About Their Future
Confident retirees approach their future with optimism and resourcefulness, focusing on possibilities rather than limitations. These seven tips show you how you can do the same.