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Don’t count too much on Social Security

We all know that Social Security will not replace your former paycheck.  Social Security will generally replace 40 percent of your pre-retirement income if you are an average earner, less if your income is above average.  Today, the average Social Security recipient collects about $18,000 a year; that’s not enough money for you to live on.  So, how much income you’re likely to need in retirement?  The attached article discusses how to figure out how much Social Security income will actually replace and how much replacement income you’ll need in your retirement.  Read article here…

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