Insecure About Social Security? Use a Roth IRA Now to Maximize Benefits Later
If you're getting close to retirement, your emotions probably seesaw steadily between angst and anticipation.
Retirement is supposed to be exciting and/or relaxing. But with market wobbles and uncertainty about Social Security's solvency, it may be tough to put aside worries about whether you'll have enough money and focus instead on having fun.
If you're afraid retirement won't live up to expectations, you aren't alone. According to the Transamerica Center for Retirement Studies' most recent retirement survey (from April 2019), the most frequently cited retirement fear for people is outliving their savings/investments (48%), followed closely by the concern that Social Security will be reduced or cease to exist in the future (44%).
