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Save Your Retirement: What to Do If You Haven’t Saved Enough or If Your Investments Were Devastated by the Market Meltdown by Paul B. Brown, Frank Armstrong

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Chapter 14Where Does Social Security Fit In?

Let’s start with the most important question: Do we think that Social Security is going to be around to augment your retirement? Yes, but with qualifications.

Many people are concerned that they won’t get any Social Security at all because the system is going bust, and it is certainly in real trouble. (We will explain exactly how bad off it is later in the chapter.) However, it’s not going away. It’s too important to the American people—hard though it is to believe, for some 20% of retirees, Social Security is their only source of income, and millions of others depend on it to a large degree—and politics being what drives our system, it’s here to stay.

The follow-up question is, “Here to stay, but ...

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