Return Stacked Global Stocks & Bonds ETF

The article provides 5 money moves retirees should consider to weather a potential recession, including maintaining cash savings, reducing spending, diversifying investments, paying off high-interest debt, and optimizing Social Security benefits.

Related tickers: PMMF, RSSB, TDIV.

Relying solely on Social Security in retirement can lead to financial hardship, as the benefits only replace about 40% of former income, while most retirees need 70-80% to maintain a comfortable lifestyle. With Social Security's trust funds expected to run out in 10 years, benefits may face sweeping reductions, and the cost-of-living adjustments have failed to keep up with inflation. To avoid this, it's crucial to build up retirement savings and investments during working years.

Related tickers: BAMD, RSSB.