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Supplementing Your Social Security Income

Most who collect benefits say that Social Security is a “major” part of their retirement income. But Social Security was never meant to be the sole source of income during retirement. Rather, the program was designed to only supplement your retirement income, leaving you to provide the remaining income from other sources. And with traditional defined benefit retirement plans fast becoming a thing of the past, that means beefing up your savings. Though many financial vehicles are offered for supplemental retirement income, the Roth IRA offers some special features which make it an attractive alternative, as discussed in this Tucson.com article by Maurie Backman. Click here to read more.

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

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