As part of an overall Houston estate plan, many people work with their financial advisor and estate planning attorney to determine how much they will need in retirement and how they should structure their estate based on their needs and objectives. However, some people rely too heavily on Social Security to provide their income after they retire. A recent article on the Motley Fool entitled “3 Reasons Social Security Won’t Cover Your Retirement” serves as a reminder that Social Security will not be enough to support most of us, for several reasons.
As you can see, Social Security is anything but secure. To ensure that you have enough income to meet your needs in retirement, it is crucial to work with your financial advisor and estate planning attorney in order to put a plan in place that will secure the financial security of you and your family.
Reference: The Motley Fool (January 24, 2015) “3 Reasons Social Security Won’t Cover Your Retirement“