The 1 Social Security Number to Keep in Mind as You Plan for Retirement
Planning for retirement is far better than resigning from your job on a permanent basis and winging it from that point on. As part of your planning, you'll probably be running some numbers to see how much annual income you expect to need. You'll likely also try to figure out how much money you'll get out of the various income sources that will be available to you.
If you're bringing savings into retirement with you, for example, you'll want to come up with an annual withdrawal rate that makes sense for you. And you'll probably also want to figure out what to expect from Social Security.
Many people, however, make the mistake of assuming that Social Security will replace more of their income than it actually will. And that's a trap you don't want to fall into.
Source Fool.com
