What to Do When Your Social Security Benefit Isn't Enough

If you're nearing retirement or are already retired and you've found your Social Security benefit is insufficient to provide the income you need, you aren't alone. The average benefit in 2021 will provide just $18,516 in annual income, which is not enough to make ends meet for most people.

The best way to cope with a small Social Security benefit is to make sure you have plenty of supplementary savings. After all, these benefits aren't intended to be your sole source of support.

But if you are already at or near retirement, you might not have a lot of time to grow a large investment account. If that's your situation and your Social Security checks aren't cutting it, the good news is that a few options could help you salvage some financial security in your later years. Here are three of them.

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Source Fool.com