There is a widespread misconception that retirees can enjoy a comfortable—albeit frugal—retirement with nothing more than their Social Security income and Medicare. That may have been true decades ago, but not anymore.
In some parts of the country, more than half of seniors are unable to afford their basic needs—and that number could rise as our population continues to age. This article from Money explains why your retirement strategy should not rely on Social Security and Medicare alone.
This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”). XML is not responsible for any actions taken related to this information.