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Saving for Retirement: Here are Some Thoughts to Help You
Social Security benefits are not designed to completely replace pre-retirement income levels. Everybody generally knows that, but how many are aware that the replacement rate is really around 40% or less? As a result of this reality, it becomes essential that to as great an extent as possible, future retirees take steps to build up their nest egg to deal with the difference between Social Security benefits and their financial needs in retirement. Easier said than done, maybe, so rest assured there are many sources of hints and advice to help you plan a savings strategy. Here’s one, presented in a slide set by Stacker’s Chandler Friedman in a post on the manisteenews.com website. Check it out here…