My college friends and I are largely at an age where our parents are either retiring or thinking about retiring. And so the topic of Social Security tends to come up when I see my friends' parents because they know that I write about it all the time.

Recently, I was talking to the father of a friend of mine about Social Security, and he said point blank that he knows he'll need income outside those benefits to cover his various expenses. And I was very relieved to hear him say that. But he also said he expected Social Security to replace a little more than half of his paycheck.

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