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What to do if Social Security will be your main source of income

Although Social Security was never intended to be more than a supplemental source of income for retirees, it’s a fact that about 44% of unmarried seniors rely on Social Security for 90% or more of their income. That’s sure to leave many people living marginally above the poverty line, but there are some things you can do now to help avoid falling into that category. In this Motley Fool article by Maurie Backman, the author describes how, if you feel that Social Security will be your main, or only, source of income, there are some steps you can take to increase your Social Security benefit and help you avoid financially difficulties later in life. 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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