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How Social Security affects your retirement savings
(By – Walter Updegrave, money.cnn.com)
My wife and I retired recently and have 100% of our retirement savings in stock index funds. We figure we don’t need bonds because Social Security is essentially a bond. Does that make sense, or are we taking too much risk with our nest egg. –Jeff A.
I’ll leave it to financial philosophers to debate the dual nature of Social Security. It’s a bond in the sense that it’s an asset that generates regular income, but it’s not in that you can’t sell it as you can a bond. Read more…