Social Security shouldn’t be your primary source of income
All you need to do is compare the average Social Security monthly benefit amount of $1460 to your actual monthly living expenses to understand with complete clarity that Social Security isn’t, and was never meant to be, a primary source of retirement income for American seniors. By design, the program’s purpose is to keep older Americans above the poverty line, and to act as a supplement to other income sources. But what should you do if you don’t have those other resources like a large nest egg or a pension from work, or if those aren’t giving you enough? This Nasdaq article by Maurie Backman offers some common sense ideas on how to boost your retirement income and gain a little comfort during your golden years. Click here to read more.