Can Social Security Save Your Retirement When Your Nest Egg Falls Short?
Most of us know by now that it's important to set money aside for retirement. But doing so is often easier said than done.
It's hard to allocate a chunk of our paychecks to an IRA or 401(k) plan when life's expenses keep popping up. And so it's easy to see why so many people end up approaching retirement with little money to their name.
In fact, the median retirement savings balance among workers today is a mere $93,000, according to a recent survey by Transamerica. And while that's certainly a respectable sum to have socked away by your 20s or even 30s, it means you're not in the greatest spot if that's all you have on hand by the time you reach your 60s.
Source Fool.com
