3 Reasons Social Security Can't Be Your Only Retirement Income
Millions of older Americans today get a monthly benefit from Social Security. And for many, that income is crucial.A 2020 report by the National Institute on Retirement Security found that only 7% of retirees have an optimal combination of retirement income sources -- Social Security, savings, and a pension. And 40% of older Americans rely only on Social Security income in retirement.Image source: Getty Images.Continue reading
Millions of older Americans today get a monthly benefit from Social Security. And for many, that income is crucial.
A 2020 report by the National Institute on Retirement Security found that only 7% of retirees have an optimal combination of retirement income sources -- Social Security, savings, and a pension. And 40% of older Americans rely only on Social Security income in retirement.
Image source: Getty Images.
