If I Could Tell Retirees 1 Thing About Social Security Right Now, It Would Be This

Social Security has been an amazing benefit for seniors, providing a regular check to help pay the bills in retirement. That said, The Nationwide Retirement Institute's 2025 Social Security Survey highlights that roughly half of retirees have had to cut back on discretionary spending because of the impact of inflation. This fact highlights the most important thing I would tell a retiree about Social Security today.Image source: Getty Images.Social Security is, basically, meant to be a safety net. The goal is to keep retirees who are no longer working out of poverty. While you are working, you pay into the system. And when you retire, you collect a regular check from the system. Social Security has long performed a valuable service, particularly for those who didn't make a lot of money during their working years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool