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A new study shows that many people approaching retirement or already retired have misunderstanding or misconceptions about Social Security. And the result, experts say, can be less income or unexpected taxes for retirees.

Depending on your age and income, you might not be able to collect your Social Security retirement benefits and work at the same time.

Bills don’t stop once you retire — and you can’t expect your Social Security checks to cover them all. Don’t risk running out of money. Instead, make a plan.