Let’s keep in mind that Social Security is insurance, not an investment. It provides inflation adjusted lifetime income, survivor and dependent benefits and disability benefits,
Category: Retirement
Pensions, saving and planning for retirement, pension laws
10X May not be enough‼️
So how much do you need to save for retirement? According to Fidelity research, you should aim to have: 10X your salary saved by retirement
Social Security COLA
Is the Social Security COLA adequate, does it keep up with inflation? Yea, it does, but not necessarily inflation as it applies to most retirees,
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