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A Reality Check for Future Social Security Beneficiaries
As you probably know, the long-term future of Social Security is in some jeopardy due to the much-talked-about solvency crisis. But for the moment, let’s put that aside and consider a different type of hypothesis…one in which you reach the point of retirement expecting to rely on Social Security benefits for a comfortable life after the rigors of a career. Here’s where another form of reality–and not a potential reality, but a real reality–sets in. A post by Forbes contributor Nicole Lapin addresses what many folks hurtling toward retirement often overlook–the inadequacy of Social Security benefits alone to fund your retired life. Check it out here…