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What to do if your benefits won’t provide enough income

According to the Social Security Administration, the average benefits paid to retired workers in 2021 is a little over $1,500 per month.  Although the Social Security benefits usually increase yearly with cost-of-living adjustments (COLA), you will likely find that living on these benefits alone does not keep up with your retirement expenses. So it is important to have some sort of outside income source to help you live comfortably. In Maurie Backman’s article for the Motley Fool, she offers four income sources you may want to look to avoid being cash-strapped during your retirement. Read Ms. Backman’s article here…


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