Latest News

One Cannot Live on Social Security Alone

The Social Security program was never intended as a retiree’s sole source of income. Indeed, the program is intentionally designed to provide only about 40% of a person’s pre-retirement income, and most financial advisors will counsel retirees that they will need at least 80% of their preretirement income to live comfortably. But how does one fill that retirement income gap? Well, obviously, you need to create other income sources such as a 401(k), IRAs, pensions, annuities, or simply cash savings to supplement your Social Security benefits in retirement, as discussed in this Motley Fool article by Stefon Walters. Click here to read more.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers