Millions of retirees depend on Social Security as an important, if not primary, source of income. Yet the program remains incredibly misunderstood. A recent MassMutual survey of adults aged 55 to 65 found that 35% of those surveyed failed a Social Security quiz. And an additional 34% only scored a D.

That's concerning because, without a solid understanding of the rules surrounding Social Security, you'll probably have a hard time maximizing your benefits. Here's a look at some of the most common misconceptions on the quiz and how you can leverage this information to get the most out of the program.

Image source: Getty Images.

Continue reading

Source Fool.com