ANCHOR LEAD: Life happens… that could mean unemployment, unforeseen disabilities, and even a recession. Are you prepared? Brian Osuch finds why it's so important for Americans to plan for the future and their retirement incomes. (:60)
SCRIPT: Financial Fitness, I'm Brian Osuch. For today's worker, a retirement plan must include personal savings and investing in addition to Social Security. That's because Social Security was never intended to be someone's sole source of income in retirement. Bank of America's Sharon Miller.
CUT: (Miller) Social Security is likely to replace only around forty-percent of someone's preretirement income. That's why I say, save and invest early and often. It's also wise to know the facts. Merrill Edge just hosted the "Your Money at Stake: What 30-, 40- and 50-Year-Olds Need to Know Now About Social Security" webcast. It's a chance to learn more about how Social Security can affect your retirement.
SCRIPT: To watch a replay of the webcast, visit MerrillEdge.com/SocialSecurity. That's Financial Fitness from Merrill Edge. Banking products are provided by Bank of America, N-A, Member F-D-I-C. Investment products are provided by Merrill Lynch, Pierce, Fenner and Smith Incorporated. And are not F-D-I-C insured, may lose value, are not bank guaranteed. M-L-P-F-and-S is a registered broker-dealer, member S-I-P-C and a wholly owned subsidiary of Bank of America Corporation.
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