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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

This $360,000 Portfolio Can Replace Social Security Income — If You Get One Thing Right

Social Security insolvency risks have got US senior concerned about the continuity of benefits. (Credit: pasja1000/Pixabay.com)

Millions of Americans rely on monthly Social Security checks to get by. Many claim early due to unavoidable reasons and get locked into lower monthly payments for life.

However, Social Security insolvency risks and concerns about benefits reduction within six years are driving many seniors and dependents to the edge. The Social Security Administration (SSA) forecast that the average monthly retirement checks in January stood at $2,071.

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