Shocking Truths About Social Security

Experts keep touting on about a retirement crisis in America, but the problems may not lie where you expect them. Most of the problems regarding this situation are in personal savings and planning. Many people do not properly save for retirement, grossly underestimating how much they will need to keep up a comfortable quality of living that they are used to during their career. The average American nearing retirement age in their last decade of work is around $42,000, a far cry from the million dollar figure that most experts suggest aiming for. The reason for this discrepancy is that most see Social Security as a replacement income rather than a supplemental one. For more information on this topic and more Social Security stats, visit this article by Matthew Frankel with The Motley Fool.


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