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3 Scary Facts That Should Prompt You to Increase Your Retirement Savings

3 Scary Facts That Should Prompt You to Increase Your Retirement Savings

This year, the average Social Security benefit comes in at just $1,503 per month. A little quick math will tell you that if you're relying only on Social Security to fund your retirement, that would leave you with just $18,036 in annual income. While your benefit may be higher than the average, it's only supposed to provide you with a portion of your retirement income.