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INFOGRAPHIC: Social Security Fact Sheet 2013

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After five years of experience leading a TPA call center in North Carolina, Andrew decided to move west to explore parts unknown and follow his passion of helping others. Walking through the doors of Ubiquity Retirement + Savings, formerly The Online 401(k) for the first time, he knew he’d found something special. Continuing to delight clients and partners alike and 10 years later, Andrew has been able to develop new teams, co-found a non-profit of strategic alliances, co-produce a hard-hitting documentary about the looming retirement crisis, and still had time to spread the savings gospel far and wide. Using social media and actual media alike (Wall Street Journal, Fox Business, PlanSponsor, and more), you’ll find no one who likes talking retirement more than this guy!

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July 7, 2014 at 2:14 pm
Retirement News

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Other than seeing it come from every paycheck, Social Security is something we’re all promised when we retire. What does that actually mean, though? How much will we get? Will it be enough?

There are always questions about the future. That’s what we’re saving up for, after all.

Rumors also don’t help. In some cases, folks have shown that Social Security will not be there when we retire (cue: GASP). Others say we’ll get only a percentage of what we put in. In response to the rumors, the Social Security Administration put together a study to show how much they pay out, who it goes to, and how it’s more than simply retirement savings for the masses.

Allow me to break it down for you in more simplistic terms; here’s an infographic that simplifies the study and provides a snapshot of how much of a benefit was paid out in 2013. Check it out!