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When it comes to Social Security, one size doesn’t fit all
Few could argue that Social Security isn’t America’s most important benefit program. The fact is that about a third of all recipients depend on their monthly benefit check for 90% or more of their retirement income, and that more than 15 million Americans live above the poverty line because of it. But realistically, how much should you really depend upon Social Security in your retirement? Well, it all depends on your perspective, because there is no “one size fits all” answer to that question. In this Motley Fool article by Sean Williams, the author walks us through the view of the Social Security Administration regarding how reliant you should be on benefits, and then discusses how one’s personal situation can affect how you align with the SSA’s perspective. Click here to read more.