SENIOR RETIREMENT ADVISORS INC.
  • Home
  • About
  • Services
    • Income Planning
    • Insurance Strategies
    • Legacy Planning & Preservation
    • Retirement Planning
    • Social Security Maximization
  • Resources
    • Income Calculator
  • Events
  • Blog
  • Contact
  • Home
  • About
  • Services
    • Income Planning
    • Insurance Strategies
    • Legacy Planning & Preservation
    • Retirement Planning
    • Social Security Maximization
  • Resources
    • Income Calculator
  • Events
  • Blog
  • Contact

Blog

Are You Relying Too Much on Social Security in Retirement?

7/9/2018

0 Comments

 
Picture
​For many retirees, Social Security is a major piece of the income puzzle. In fact, it’s the primary source of guaranteed lifetime income for a large number of retired people. Your Social Security benefit may provide a lifetime safety net to help you cover retirement’s most challenging expenses.
 
It’s important, though, to have other income sources outside of Social Security. Too many retirees make the mistake of relying primarily on their Social Security benefit. More than 60 percent of retirees rely on Social Security for over half their income. Social Security provides more than 90 percent of income for a third of those individuals.1
 
Although Social Security is a valuable retirement resource, it likely won’t provide enough income to fund your lifestyle. For many workers, Social Security replaces only a third to half of their preretirement earnings. Depending on your plans for retirement, you may need a substantial amount of income to supplement your Social Security benefit.

Read More
0 Comments

    Archives

    November 2020
    October 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    August 2019
    July 2019
    June 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018

    Categories

    All
    2020
    CARES Act
    COVID
    Economic Update
    Fed Chairman
    Financial Planning
    GDP
    Health Care
    Health Care Costs
    Health Care Strategy
    Health Savings Account
    HSA
    Medicare
    Portfolio
    Retirement Planning
    Risk Tolerance
    Social Security
    Stimulus
    Stock Market
    The Market

    RSS Feed

Picture

Home     About     Services     Resources     Events     Blog     ​Contact   

Janet Pack
President & Founder
Senior Retirement Advisors, Inc.
6240 Tacoma Mall Blvd. Ste 206
Tacoma, WA 98409
253.565.0421
[email protected]

Licensed Insurance Professional.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of Advisors Asset Management, Inc. and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual adviser prior to implementation. Advisory services are offered by Advisors Asset Management, Inc. Insurance products and services are offered through
Senior Retirement Advisors. Advisors Asset Management, Inc. and Senior Retirement Advisors are affiliated companies.

Advisors Asset Management, Inc. is a registered investment adviser in the State of Washington. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption. The presence of this web site shall in no way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any State other than the State of Washington or where otherwise legally permitted. Content should not be viewed as an offer to buy or sell any of the securities mentioned or as legal or tax advice. You should always consult an attorney or tax professional regarding your specific legal or tax situation. Advisors Asset Management, Inc. is not engaged in the practice of law.

Advisors Asset Management, Inc., Senior Retirement Advisors and Janet Pack are not affiliated with or endorsed by the Social Security Administration or any government agency.