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Retirement Planning and Social Security go hand in hand - NAPA
Planning for retirement can be a sometimes daunting event, but something which is exactly the right way to secure your future. Some employers still offer a traditional “defined benefit” retirement plan, though these seem to be losing favor in American corporations. But many employers, instead, offer a 401(k) retirement plan which usually includes the employer contributing retirement funds as well as the employee. Point is, many retirees will benefit in some way from their career retirement plans.
Through all of this, everyone planning their retirement should understand that the “core” element of their retirement will likely be Social Security. Social Security, while generally not enough to live on comfortably, is nevertheless a guaranteed earned benefit, which increases with inflation, and lasts until you die (or even longer for a surviving spouse). Thus, Social Security and retirement planning truly go hand in hand, as explained in this NAPA (National Association of Plan Advisors) article by John Iekel. Click here to read more.