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Social Security’s Place in Your Financial Plan for Retirement

There are many details that those approaching retirement decisions are not clear on, especially the details of some of the options like spouse benefits, survivor benefits, family benefits, and so on. But if you’re at the point of assessing what portion of your pre-retirement income Social Security will replace, you should at least have a general understanding so that you can build a plan around that piece. The Motley Fool’s Maurie Backman, in a post on, provides an explanation of what the average income replacement rate is and adds commentary on addressing shortfalls between this replacement rate and what you may need for a comfortable retirement. Check out her post here.

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