Latest News
How Big a Role Should Social Security Play in Your Retirement?
Social Security is still a huge part of U.S. workers’ retirement plans, but they aren’t happy about it. As a Bankrate survey points out, Americans are getting a bit more pragmatic about Social Security’s role in their eventual retirements. Just 13% expect it to account for all or most of their retirement income. Meanwhile, another 14% expect it to account for half their retirement income. About 25% believe they won’t get anything. That’s one in four firmly believing it just won’t exist by the time they get to their retirement….Looking ahead, it may not be such a bad idea to use that estimated 77% reduction in Social Security benefits in 2030 as a guideline you can adjust as the government takes (or avoids) action. Retirees can estimate just how much of a bite that will take out of their Social Security checks and save appropriately…Read More…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.