Will Your Monthly Social Security Payment Be Enough?

Will Your Monthly Social Security Payment Be Enough?

About 69.1 million Americans currently receive Social Security. As a result, if Social Security is all you have, you could find yourself living on a very fixed income, which can be stressful. For example, if you need $50,000 in total income and Social Security provides you with annual payments that total $40,000, you only need $10,000 from your retirement assets.