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What are your expectations of Social Security?
For most of those entering their golden years, Social Security will be an extremely important part of their income. And unfortunately, due to lack of savings, far too many may find that Social Security represents more than half of their retirement income, and sometimes as much as 100%. But at it’s inception, Social Security was never intended to be a sole, or even the major part of your retirement income; rather it was meant to be only one leg of a three legged stool (the other two being savings and pension from working). Now, with defined pension plans all but vanishing from the workplace, many people may have an overly optimistic expectation of how Social Security will sustain them in retirement. In this Yahoo! Finance article by Christy Bieber, the author explains why too many may have unrealistic expectations, and what you can do if Social Security doesn’t measure up to yours. Click here to read more.