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Where do you stand on savings for retirement?
The answer to this question, of course, depends quite a bit on where you are in life. Younger workers often feel they have a long time to get there, while those on the threshold of retirement may be starting to realize that they haven’t saved enough. In fact, the typical media accounts of how much you’ll need (a million dollars, ten times your final salary level, etc.) can generate quite a bit of concern. That’s where a clear understanding of Social Security comes in. The Motley Fool’s Maurie Backman, in a post on yorknewstimes.com, provides some thoughts on the role that this highly successful benefit program can play in your retirement planning scenario. Check it out here…
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