Signed into law back in 1935, Social Security has long been a critical part of the typical American retiree's financial security in their later years. It's most likely that you, too, can look forward to receiving regular payments from the government throughout your retirement.

But don't make any Social Security decisions without learning more first, because some actions you take could have big, and perhaps undesired, consequences. Here are three questions you should be able to answer, for starters.

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Source Fool.com