Social Security may not be as reliable as it seems. - The Motley Fool
According to the data from the Social Security Administration, among Social Security beneficiaries age 65 and older, 12 percent of men and 15 percent of women rely on Social Security for 90 percent or more of their income. According to the latest report from the Transamerica Center for Retirement Studies, “around 41 percent of baby boomers say that Social Security will be their primary source of income in retirement.” Retirement experts do include Social Security as one of the factors in retirement income planning, but not be the primary one. Katie Brockman reports that Social Security isn’t going away; however, relying too heavily on your benefits could potentially put your retirement at risk. Read Ms. Brockman’s article here…
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