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Importance of retirement planning beyond Social Security

The average Social Security recipient received $21,924 in 2023. Social Security is the foundation of all retirement plans, but is it enough for you to survive? According to the Bureau of Labor Statistics, the average 65-year-old and older spends an average of $57,188. Obviously, the difference between the average Social Security benefit and average annual expenditure is considerable; this demonstrates the need for additional sources of income to bridge this gap. Jeannine Mancini emphasizes the importance of retirement planning beyond Social Security. Read Ms. Mancini’s article here…

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