Social Security and Retirement: 41% of Older Adults Are Making This Major Mistake
If you're expecting to rely on Social Security in retirement, you're not alone. Around 41% of baby boomers say that Social Security will be their primary source of income in retirement, according to a 2023 report from the Transamerica Center for Retirement Studies.
While there's nothing necessarily wrong with depending on Social Security to some extent, making it your primary source of income can be risky. The program has some major challenges ahead, and there's a chance your benefits may not be nearly as reliable as they are now. Here's what you need to know.
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Source Fool.com
