1. You can begin receiving your Social Security benefits only after you reach your "full" retirement age (anywhere from age 65 to 67 under current law), not before then. True or False ( Hover over here, or click to see the answer )

2. If you pledge your home as collateral for a loan (such as with a home equity line of credit), you could lose your home if you can't repay the loan. True or False

3. If you borrow money using a reverse mortgage (a type of home equity loan for homeowners age 62 or older), you don't repay the loan in monthly payments. Instead, the principal and interest payments are due when you move, sell the house or die. True or False

4. In general, when you factor in the interest charges and fees, a reverse mortgage is not a good choice for retirees to cover small expenses. True or False

5. Suppose you receive a phone call or letter saying you've won a big prize. Before you can collect the prize, you must send a check or provide a credit card number to pay for taxes or shipping. You can be sure it's safe to go ahead with the payment to cover those expenses. True or False

6. Reviewing your credit report is one way to find out if you may be a victim of identity theft because these reports can tell you if a credit card has been wrongfully opened in your name. True or False

7. A recent federal law entitles Americans to three free credit reports each year. True or False

8. If you're keeping records of bank accounts that are no longer open, clearly mark them as closed. Otherwise, loved ones who discover the information after your death could waste a lot of time researching these old accounts. True or False

9. To avoid becoming a victim of identity theft, shred papers that contain a Social Security number or bank account number before tossing them away. True or False

10. A death in a family can reduce the FDIC insurance coverage of bank accounts for which the deceased was a co-owner or beneficiary. True or False