40% of Older Americans Think Social Security Will Be Their Largest Source of Retirement Income. Here's Why That's a Bad Thing.
Retirement is often hailed as a magical period in life. But for a lot of people, it's hard.
Losing the steady paycheck from work you once relied on can deal a blow to your finances. So it's important to have a plan for generating the retirement income you need to pay the bills.
Your retirement income could come from a variety of sources. But in a recent MassMutual survey of Americans aged 55 to 65, 40% said they anticipate Social Security will be their greatest source of retirement income. And that's quite problematic.
Source Fool.com