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Living on Social Security…How Much is Enough? - nasdaq.com
With an estimated three-quarters of the senior population reportedly prioritizing Social Security benefits over pensions and personal savings in their retirement plans, it becomes critical to assess the adequacy of this benefit before making a decision. There are a few clear parameters that can serve as “red flags” to alert future retirees to potential problems relating to overdependence on Social Security, and they are detailed in a nasdaq.com post by GoBankingRates’ Angela Mae.
Ms. Mae outlines four separate questions that will help you decide on the adequacy of Social Security benefits to meet your retirement needs. The fourth in her series, though, is likely the most important.
Read her post in full here…
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