Steps to Take for Stable Retirement
Social Security is not meant to fully fund your retirement; it is meant as a supplement. For this reason, it is important that you take the steps to ensure your own savings, especially these days as company pensions become a thing of the past. Coming up with a plan for retirement is in many ways similar to budgeting while you’re still working. You still need to cover day-to-day expenses like food, insurance, and housing, but you will now have to pay for all of these on a fixed income. There are many calculators out there that will tell you how much you should expect to get from Social Security to help you figure out what your savings goal should be (in fact, check out the “Handy Tools & Calculators” section of our Social Security Report homepage). For more information visit this article by Jane Bennett Clark with The Chicago Tribune.
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