Boomers with little savings can still get retirement income boost Retired boomers with little savings usually have three alternatives to supplement their Social Security benefits and stretch their retirement income, according to this article in MarketWatch. Those with retirement savings of $150,000 can opt to buy an inflation-adjusted immediate annuity, collect their Social Security benefits early or delay their Social Security until the maximum collection age. Boomers with less retirement savings are advised to remain employed for a few more years to increase savings, delay Social Security and take advantage of spousal benefits.  --MarketWatch

Retirement planning wishes vs. reality Almost two-thirds of survey respondents say they are confident they would have a comfortable retirement even when they had small amounts saved for retirement savings and lacked planning, according to CBS Moneywatch. People should educate themselves about their Social Security benefits and determine how much savings is need for a comfortable retirement so that they can increase savings accordingly.  --CBS Moneywatch

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