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3 Reasons You Shouldn't Be Planning to Retire On Social Security Alone


If you're tired of constantly reading about the importance of saving for retirement, you're probably not alone. But there's a reason people in the personal finance space are so quick to encourage workers to build savings rather than retire on Social Security alone -- they don't want to see folks struggle once their senior years arrive.

You may be inclined to think that you'll get by just fine in retirement even if Social Security ends up being your sole income source. But here's why you really should not be planning to retire on Social Security by itself.

Image source: Getty Images.

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Source Fool.com


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