Almost one-quarter of the 65 million people receiving Social Security rely on it for 90% of their retirement income. They’re locked in and there’s nothing they can do to get a bigger check except cross their fingers and hope for a cost-of-living raise every year.
No one wants to be in that position and no one should assume that Social Security is all you need for a comfortable retirement lifestyle. From the very beginning, Social Security was supposed to supplement retirement income. It was never intended to be the sole source of retirement income.
But if you’re still working, you can improve your Social Security future. Check out these 5 things you can do right now that will translate into a larger Social Security payout when you decide to retire.