422 Stocks to Supplement Your Social Security Income
Don't assume that Social Security will provide most or all of what you need to live on in retirement: The average monthly retirement benefit was recently $1,517 -- about $18,200 on an annual basis. Of course, if you earned more than average during your working years, you can expect to collect more, but not that much more. The maximum benefit for someone retiring at age 62 in 2020 is about $2,265 ($27,180 annually), and for someone retiring at age 70, it's $3,790 ($45,480 for the year).
Clearly, most of us will need or want more income in retirement than that. There are lots of ways to increase your retirement income, and making good use of the stock market is one of them. Here are some stocks to consider.
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Source Fool.com
