Should I Save for Retirement as If Social Security Won't Exist?
As always, The Motley Fool cannot and does not provide personalized investing or financial advice. This information is for informational and educational purposes only and is not a substitute for professional financial advice. Always seek the guidance of a qualified financial advisor for any questions regarding your personal financial situation. If you'd like to submit your question for feedback, you can do so here." One of the biggest income sources retirees have at their disposal today is Social Security. With an average retired worker benefit of $2,000 a month, it's clear that living on Social Security isn't ideal. But when combined with other income sources, those benefits can be a source of financial stability and lead to a comfortable retirement.The problem is that Social Security is facing its share of financial challenges. And as a result, many people are worried about Social Security going away completely.Continue reading
As always, The Motley Fool cannot and does not provide personalized investing or financial advice. This information is for informational and educational purposes only and is not a substitute for professional financial advice. Always seek the guidance of a qualified financial advisor for any questions regarding your personal financial situation. If you'd like to submit your question for feedback, you can do so here."
One of the biggest income sources retirees have at their disposal today is Social Security. With an average retired worker benefit of $2,000 a month, it's clear that living on Social Security isn't ideal. But when combined with other income sources, those benefits can be a source of financial stability and lead to a comfortable retirement.
The problem is that Social Security is facing its share of financial challenges. And as a result, many people are worried about Social Security going away completely.
