News flash for high earners: You can’t live on Social Security alone
If you go by the long-held standard that when you retire you’ll need 80% of your pre-retirement income to live comfortably, then those with a large salary near the end of their career should be very aware that Social Security alone won’t provide a livable income. What that means is that other sources of retirement income need to be part of your retirement planning process, the most important of which is the size of your nest egg – the amount of savings you’ve managed to accumulate as you enter your golden years. Since most survey’s reveal that far too many Americans haven’t saved enough for retirement, this Motley Fool article by Maurie Backman places a high intensity spotlight on the need for high earners to build their savings portfolio to the highest value possible. Click here to read more.