The reality is that may not be possible for a variety of reasons.
The reality is Social Security was designed to replace only about 40% of your current paycheck and less if you are a high wage earner.
We discussed the Boomers earlier in April but what about their kids?
Eighty percent of Boomers say they plan to work in retirement, many because they will have to.
Retirement planning should start with your first job. The sooner you start the better.
Boomers should be thinking about three things…When are you going to retire? What are you retiring to? Where are you going to retire?
According to a report by Bankrate.com, Boomers are retiring at the worst time in a generation.
Today 10,000 Boomers celebrate their 65th birthday and another 10,000 will celebrate tomorrow.
I don’t think so, but we do need to fix the problem! And soon!
Social Security is synonymous with retirement income, but it is much more.