Social Security is important. It provides the majority of income to most retirees. According to The Center on Budget and Policy Priorities, it provides at least 50 percent of total income for half of retirees and 90 percent for about a quarter of them.

Unfortunately, according to research, most people don't understand exactly how Social Security works. In fact, the average person overestimates their monthly benefits by $300 or more.

Navigating the Social Security Administration is no picnic. That's why we're going to answer some of your questions about Social Security in this podcast.

This week's guest is Devin Carroll, an advisor and the founder of the Social Security Intelligence blog.

Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.

Podcast 155 episode article with links.