Social Security Alone Won't Pay the Bills. Here Are 3 Other Income Sources to Look at for Your Retirement.
There are many seniors today whose monthly incomes largely consist of the benefits Social Security pays them. But if you're looking at retiring on Social Security alone, you're basically setting yourself up for disaster.
If you earn an average wage today, you can expect Social Security to replace about 40% of your earnings in retirement. But that assumes that benefits won't be cut. Unless lawmakers find ways to address the program's pending financial shortfall, benefit cuts are a distinct possibility that could leave you with even less replacement income.
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Source Fool.com
