Investors relying on Social Security in retirement had better plan on getting annuity, tooBlog added by Dan McGrath on April 25, 2014
Dan McGrath

Dan McGrath

Windham, NH

Joined: April 03, 2013

According to the Social Security Administration, roughly 52 percent of all married couples who are retired rely on Social Security as being 50 percent of their needed income in retirement. What may just happen to them as they age?

Let's use this married couple as an example: The husband earned $50,000 a year on average his entire career. The wife earned $40,000, factoring in taking time away from work due to raising children. They both decide (at the age of 60) to retire at age 66. This couple could expect to see their Social Security benefits decreased by over 65 percent.

As I have stated numerous times for numerous reasons, every single person who is heading to retirement and who is planning on incorporating some of the income from Social Security into their future must realize that it most likely won't grow as fast or as high as planned. And in most cases, that income many even decrease.

Your clients heading into retirement or who are already in retirement need another form of guaranteed income — one that also has a tax exclusion ratio.
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