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✉news BusinessPersonal Finance first seen 12 h ago, last 12 min ago, peak #10

Why Social Security Remains Most Retirees' Main Income Source

Original: Why Social Security Remains the Main Source of Income for Most Retirees Instead of IRAs

Social Security continues to be the primary source of income for most American retirees, rather than withdrawals from individual retirement accounts. Analysis points to the fact that many workers reach retirement with limited IRA or 401(k) savings, while Social Security provides guaranteed monthly benefits that form the financial backbone of retirement for the majority of households.

Why now: Ongoing concern about retirement savings adequacy and the future of Social Security keeps the topic in the news.

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