Many retirees rely solely on Social Security benefits, which may not be enough to cover expenses. Experts recommend supplementing with additional income sources to avoid financial strain in retirement. Saving early and consistently in retirement accounts can lead to a sizable nest egg. Investing in assets that provide steady income, like dividend stocks or bonds, can also help. Additionally, continuing to work in retirement can boost income without affecting Social Security benefits after reaching full retirement age. By diversifying income streams, retirees can reduce financial stress and enjoy a more comfortable retirement.

Read more at Nasdaq: Social Security Won’t Cover All of Your Retirement Needs. Here’s How to Supplement Those Benefits.