4 Ways to Supplement Your Social Security Income
It's tough to work with insufficient resources. If you don't put enough gas in the car, you may have to walk home. If you don't drink enough water, you get dizzy and dehydrated. And if you don't have enough income to cover your living expenses, you could rack up expensive debt that constrains your cash flow even more.
Living on too little income is hard enough when you're working, but it's basically unsustainable in retirement. Too many Americans are feeling this pressure. Studies confirm that many pre-retirees don't have enough savings to support a comfortable retirement. And while Social Security might help, most savers know it's not designed to be a sole source of income. According to a survey from Schroder Investment Management, 67% of respondents did not believe their monthly Social Security benefit would be enough to live on.
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Source Fool.com
