Are You on Track for a Comfortable Retirement? Ask Yourself This Question
After decades of hard work, you want and deserve a comfortable retirement. That's a given. Unfortunately, you won't get there on Social Security alone -- not even close.
If you're lucky and cuts don't happen, those benefits might replace about 40% of your pre-retirement income. However, most seniors need about twice that much income to maintain a decent standard of living. And that's where your personal savings come into play.
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Source Fool.com
