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Looking Ahead to Your Social Security Benefit
Whether you’re just looking at averages or have seen your forecasted benefit amount at full retirement age, you may have been surprised at the level of payment you’ll receive. The fact that Social Security is only intended, on average, to replace about 40% of your pre-retirement income, puts a fine point on the question of how much cash flow you’ll need in those “golden years.” So, how do you make up the difference between Social Security and your financial needs? One way is to do whatever you can to make that projected Social Security benefit payment reach as high a level as possible, and there are ways to do that. The Motley Fool’s Maurie Backman provides some thoughts to help you…check out her post here…