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Understanding the Reality of Social Security’s “Replacement Rate”
One of the frequent misunderstandings people have about Social Security’s place in their retirement planning scenario is the benefit amount relative to their pre-retirement income level. It’s not a 1:1 ratio, as some folks think, in fact, it’s nowhere near that. A post by The Motley Fool’s Maurie Backman, appearing on pressofatlanticcity.com, explains the reality of what you can expect, and can go along way toward avoiding a surprise. Read Ms. Backman’s post here…
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