Could You Live on $18,516 in Annual Retirement Income?
Most Americans count on Social Security to serve as a major source of retirement income. But while retirement benefits from the Social Security Administration will likely help you cover costs as a retiree, you can't rely on them too much, or you could find yourself facing a lot of financial pain.
There's one simple reason you can't count on your monthly checks from the SSA to be enough to support you. For most people, the amount of money they provide is simply too low to maintain a reasonable standard of living.
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Source Fool.com
