You're Probably Thinking About Social Security All Wrong

I was talking to some friends recently about retirement savings and how it was kind of a drag to be parting with 20% of my income month after month. One friend commiserated, but a few of my friends made comments along the lines of "What savings?"The thing is, these friends of mine are decent earners. I wouldn't say they're rolling in money, but they earn enough, in theory, to fund an IRA or 401(k) plan to a reasonable degree.Image source: Getty Images.Continue reading

Apr 27, 2025 - 11:13
 0
You're Probably Thinking About Social Security All Wrong

I was talking to some friends recently about retirement savings and how it was kind of a drag to be parting with 20% of my income month after month. One friend commiserated, but a few of my friends made comments along the lines of "What savings?"

The thing is, these friends of mine are decent earners. I wouldn't say they're rolling in money, but they earn enough, in theory, to fund an IRA or 401(k) plan to a reasonable degree.

Image source: Getty Images.

Continue reading