3 Social Security Questions You Need to Be Able to Answer

Most Americans will collect Social Security benefits at some point in their lives, but there are many things about the Social Security program that are not well-understood. Just to name a few, do you know how much of your living expenses will be covered by your Social Security benefits? Or do you know what would happen if Social Security ran out of money?

These are important questions for Americans to know the answers to before they retire, in order to help make smart retirement-planning decisions. So let's take a look at a few common Social Security misconceptions, and the truth behind each one.

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Source: Fool.com