Got Your First 2024 Social Security COLA? 2 Moves to Make
Living on Social Security alone is far from an optimal situation. Those benefits only replace about 40% of a typical worker's preretirement wages. And most seniors need roughly twice that sum to live comfortably.
But for better or worse, the reality is that many seniors today do, in fact, live only on Social Security. And people in that boat need to stretch their benefits as much as possible.
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Source Fool.com
