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The Last Chance Millionaire: It's Not Too Late to Become Wealthy Excerpt from The Last Chance Millionaire: It's Not Too Late to Become Wealthy

by Douglas R. Andrew

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The Myth of Social Security as Your Primary Retirement Income

When I ask people if they have any guaranteed source of retirement, they almost always answer, "Yes, Social Security."

But is it smart to count on Social Security as your primary source of retirement income? Is it possible that this national trust fund could be severely depleted? Consider the facts:

Because of these factors, the reality is that Social Security benefits will likely be a small supplement to your retirement, not your primary source of income. Even the Social Security Administration says so.

Copyright 2007 Douglas R. Andrew