Don’t torpedo your retirement by making these mistakes
Social Security was never designed to provide all of your retirement income, but nevertheless far too many people today rely on the program for a big part, or most, of their money in their so-called “golden years.” Per the Social Security Administration, 21% of couples and 45% of individuals get 90% of their income from their Social Security benefits. Which says a lot about the general failure of people to adequate save for their retirement. In retirement, your savings will be critically important to your financial well being, so it’s crucial that you don’t make big financial mistakes in your pre-retirement years. This Motley Fool article by Catherine Brook appearing at NASDAQ.com explains how to avoid 3 common mistakes which will torpedo your retirement savings, leaving you more dependent than you should be on your Social Security income. Click here to read more.