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Savings are not necessary in countries with social security.
by Nano2rad 10y ago
Savings are not necessary in countries with social security.
- rm_-rf_slash 10y agoGot a letter from the SSA the other day. Said quite clearly with no ambiguity that Social Security should not be considered to provide more than 40% of your retirement income. Savings are necessary if you want to live out your old age at a standard above "almost poverty."
- justinlardinois 10y agoEven in countries with robust social security programs, I imagine many would see value in having more money than the baseline government benefits provide.