1. Social Security will take care of your expenses
A lot of retirees are hoping that Social Security will take care of them. Stop believing this. Once you stop working, it will be even more difficult. While Social Security benefits will help, they are not meant to be your primary source of income.
You need to save money for your retirement because you won’t have the fixed income you had before, and Social Security will come as a supplement to what you already have as an investment fund.
Don’t forget to watch your back because no one else will do it for you!
One Response
I retired and my husband passed away three months later. He was self employed and did not believe in retirement planning. I am so happy that I did. Every point made in this article is true. I work two part time jobs and receive Social Security and retirement.