How to Boost Your Retirement When Social Security Covers Only 40%
One big misconception about Social Security is that it'll provide you with enough money to live on. In reality, if you're an average wage earner, Social Security will only replace about 40% of your current paycheck.
Seeing as how most seniors need a lot more money than that to live comfortably, you'll obviously need a backup plan if you want to enjoy your retirement to the fullest and avoid financial worries throughout it. Here are a few things you can do to generate more retirement income and supplement the benefits you receive from Social Security.
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Source Fool.com
