Marguerita-Cheng-RG-1-Why is social security such an important factor for retirement calculations
Marguerita Cheng explains that Social Security is essential to retirement planning because it provides inflation-adjusted, guaranteed lifetime income, making it crucial to know both your own and your spouse’s benefits.
Video Transcript
Social Security is such an important factor for retirement planning calculations. In fact, as a Certified Financial Planner, I don't think I can do retirement planning without knowing an individual's Social Security benefit. Social Security isn't just a monthly check. Social Security provides inflation adjusted guaranteed lifetime income. So it's very important that you know your spouse or partner's Social Security benefit when you're planning for retirement.
