In the past, workers often could rely on having two sources of retirement income: Social Security and the pension that their employer paid them. Having two reliable monthly checks coming in made it possible to have a financially secure retirement without necessarily having a lot of outside savings.
Now, however, most companies don’t offer pensions, and it’s critical to save money for retirement in order to supplement Social Security payments that, in nearly all cases, are inadequate to cover your living expenses. If you have a retirement nest egg, one thing you can do with a portion of your savings […]
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