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Social Security and Retirement Reality
For many, thoughts of retirement financing focus largely on relying on Social Security benefits to carry them through their later years. Unfortunately, there are some fundamental realities that make this an untenable situation for a lot of folks. First, there’s the often misunderstood assumption that Social Security benefits will replace pre-retirement income at a level sufficient to maintain a comfortable lifestyle. And then, there’s the certainty of substantial healthcare costs and, for those with income other than Social Security, the likelihood of a tax burden. The Motley Fool’s Maurie Backman explores these realities in a post today on mcdowellnews.com, which you can access here…