Social Security Quiz – Answers

1. You may collect your Social Security benefits as early as age 62. By doing so, your monthly benefit will be less than if you wait until Full Retirement Age.

True

2. The minimum cost-of-living adjustment is 1% per year.

False

3. A spouse who did not earn at least 40 credits will not receive any Social Security benefits.

False

4. Married couples may work together to maximize their lifetime Social Security income.

True

5. You need 40 credits to qualify for your own Social Security Benefits.

True

6. By delaying Social Security beyond your Full Retirement Age, your benefit will increase by 10% per year for each year you delay.

False

7. If your spouse wants to claim their benefit, you must first file for yours.

True

8. A widower may continue to receive both his spouse’s Social Security and his own following the death of his wife.

False

9. Children may receive Social Security benefits

True

10. If you wait to collect your Social Security until Full Retirement Age, you may continue to work and make an unlimited amount of money without your Social Security being taxed.

False

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