Planning for Retirement in Case Social Security Falls Short
At one point, planning for retirement was described as a “three legged stool,” with a:
- 1/3 of your income coming from Social Security,
- 1/3 from pensions, and
- 1/3 from personal savings (including IRAs and 401ks).
However, jobs with defined benefit pensions in the private sector have been declining at the same time there is overall nervousness about depending too heavily on Social Security benefits. Thus, many retirees are choosing to rely more on their personal savings for retirement needs.
Current projections by
Businessweek show the Social Security
system being fully funded through 2033. After 2033, the system is expected to
pay out about 75% of the scheduled benefits
short, most retirees want to have their own
personalized plan to meet their needs. we are well experienced in retirement planning.
means that we will help you
plan for a confident retirement by not relying too
heavily on Social Security, which may or may not be fully available at the time
of your retirement, but instead use other investing tools that fit your
Farrell, Chris. "Social Security Isn't a Basket Case." Businessweek,
June 7, 2013.