Here's a majority you don't want to be in: Most people have not saved enough for retirement. According to the 2022 Retirement Confidence Survey, only 33% of workers have saved $250,000 or more for retirement, meaning that 67% have not. (Indeed, 19% have saved less than $1,000.)

If you're way behind in your saving and are hoping to squeak by in retirement with Social Security income, know that the average monthly Social Security retirement benefit was recently just $1,673, or only about $20,000 annually. Clearly, you will need some other sources of retirement income. Here are seven, some that require having some money to spend and some that don't

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Source Fool.com