What You Love About Social Security You'll Find in Some Annuities
There's a lot to love about Social Security. If you don't agree now, you'll likely agree in the future. According to the Social Security Administration (SSA), "Social Security is the major source of income for most people over age 65." It also lifts millions of people out of poverty -- nearly 29 million in 2022.
But Social Security benefits aren't sufficient for most people. As of December 2023, the average monthly Social Security retirement benefit was $1,905, or close to $23,000 for the year. Most of us will want and need additional income streams, and a good kind to consider is an annuity -- which has lots to love about it, too.
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Source Fool.com
