4 Costly Retirement Mistakes to Avoid
Retirement should be an exciting period of life -- not a stressful one. But if you fall victim to these blunders, you could end up hating your golden years rather than cherishing them.
Though Social Security will help you pay the bills once you stop working, those benefits won't be enough to sustain you in the absence of outside income. If you're an average earner, you can expect Social Security to replace about 40% of your former paycheck, but most seniors require roughly double that amount to live comfortably. That's why it's crucial that you save independently during your working years -- yet as of late 2019, an estimated 64% of working Americans had less than $10,000 socked away for the future.
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Source Fool.com
