Retirement planning crucial; Social Security covers only 40% of income, diversification necessary.

From Yahoo Finance: 2025-06-15 07:05:00

Proper retirement planning is crucial for a safe and comfortable future. Understanding Social Security is a key component for baby boomers entering retirement age. Social Security alone cannot provide enough income for retirement, covering only 40% of pre-retirement income. Congress must act to ensure Social Security remains solvent beyond 2035. Boomers must diversify their retirement income sources to secure their future.

Read more: 3 Brutal Truths About Social Security Boomers Must Understand