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How to Know if You’re Banking Too Much on Social Security

Maurie Backman reminds folks that Social Security should be one of several income sources in retirement. It replaces only about 40% of pre-retirement income and was never meant for anyone to live on by itself. You know you’re banking too much on the program is: 1.) you expect it to cover all living expenses; 2.) you neglect projected benefit cuts in the future due to demographic changes; 3.) you failed or are failing to build up a nest egg. Entire article here.

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