The modest Social Security benefits increase planned for next year is a reminder this safety-net program should be just one element in a person’s retirement plan.
“Should be” is an important qualifier, however. For too many people, they are at a point in life where they have no other option to turn to.
In both Missouri and Kansas, the AARP Public Policy Institute has calculated 22 percent of the population ages 65 and older depend on Social Security for at least 90 percent of their family income.The average individual benefit in the two states hovers between $1,305 and $1,360 a month, […]
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