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The Hazard of Relying Too Much on Social Security in Retirement
More than a third of the “baby boom” generation indicates that Social Security benefits will be their main source of income in their retirement years, according to The 20th annual Transamerica Retirement Survey of Workers. MSN Money Talks reporter Chris Kissell explains why this is a big mistake. Read her post here…
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The primary threat to any government pension is the lie of COLA protection,. The lie is that COLAs are computed based on inflation. But who computes inflation? The same gov’t that pays the COLA. A simple scam, and one that will destroy your retirement buying power.