Never Rely on Social Security to Fund Your Retirement

Never Rely on Social Security to Fund Your Retirement
Ken Wolter/Shutterstock
Anne Johnson
Updated:

You have worked your whole life for this moment: retirement. And since you paid into Social Security all those years, you may think you now have enough to live on. But, unfortunately, Social Security doesn’t cover all your living expenses. And it won’t help you with a prosperous retirement.

Relying on Social Security for your income is like depending on sand to hold your house up. It’s not stable. You will need another plan, be it investments or working, to help you relieve financial stress and fund a solid retirement. But how can you do that and still collect Social Security benefits?

Working Will Impact Pre-FRA Benefits

There are two scenarios to working while collecting Social Security benefits. One is to receive Social Security before full retirement age (FRA), and the other is to wait until after FRA.
Anne Johnson
Anne Johnson
Author
Anne Johnson was a commercial property & casualty insurance agent for nine years. She was also licensed in health and life insurance. Anne went on to own an advertising agency where she worked with businesses. She has been writing about personal finance for 10 years.
Related Topics