Are you sure you really want to count on social security? For the first time in it's history, social security is paying out more than it's taking in. No need to immediately panic. There's still a $1.2 trillion reserve to pay retirees, but how long will that last? The Fed is projecting a $19 Billion deficit over the next 2 years. Check out the gritty details in this MSN article.Historically, most Americans have supplemented their Wall Street based IRA/401(k)/Pension savings with social security checks. The long term viability of that strategy is in jeopardy, even if it hasn't infiltrated "conventional" wisdom. Alternative strategies exists and individuals are rebuilding their retirement portfolios right now using a wide range of "non-traditional" investments.
If you think you don't have time to look at alternative strategies, you're mistaken. Find a professional that specializes in self-directed investing and let them do the heavy lifting. It's a small investment in time that will pay huge dividends when you retire...and do have time.
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