Want More Retirement Income? Here's One Investment Worth Holding
Retiring on Social Security alone is generally a bad idea. Those benefits will only replace about 40% of your pre-retirement wages if you earn an average salary. And that assumes benefits aren't reduced substantially down the line.
Because Social Security is facing a financial shortfall, seniors might have to deal with benefit cuts if lawmakers don't find a way to pump more revenue into the program. So it's definitely wise to make a plan to supplement those benefits.
Image source: Getty Images.
Source Fool.com
