Comments on: Social Security Reform – Government Improvement Series http://moneyning.com/tax/social-security-reform-government-improvement-series/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 10:57:14 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: marci http://moneyning.com/tax/social-security-reform-government-improvement-series/comment-page-1/#comment-16779 marci Fri, 19 Jun 2009 18:00:14 +0000 http://moneyning.com/?p=3125#comment-16779 You asked about how to plan for retirement when you don't have factual information..... Same as for anything else in life, as life is full of twists and turns. Plan for the worst, and pray for the best. If you've got the 'worst case scenario' planned for, then you've done all you can. Even at my age (now 55) I am not counting on SS being there cuz nothing is certain.... and at best SS is ONLY supposed to be a Supplemental income, not a total income, which people tend to forget about. So I plan a basic budget for retirement that will still provide for my $1000/month that I know I can live easily and well on, and then if the SS is there, that will be the gravy on the biscuits :) You asked about how to plan for retirement when you don’t have factual information….. Same as for anything else in life, as life is full of twists and turns.

Plan for the worst, and pray for the best.

If you’ve got the ‘worst case scenario’ planned for, then you’ve done all you can. Even at my age (now 55) I am not counting on SS being there cuz nothing is certain…. and at best SS is ONLY supposed to be a Supplemental income, not a total income, which people tend to forget about. So I plan a basic budget for retirement that will still provide for my $1000/month that I know I can live easily and well on, and then if the SS is there, that will be the gravy on the biscuits :)

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