Question

question 12 (6.6 points)
why is it important to have additional savings besides social security for retirement?
to cover unexpected expenses
to ensure financial stability during retirement years
it is not important. social security is guaranteed to cover all expenses during retirement.
because social security is not meant to fully replace income but supplement it

Explanation:

Social Security is designed to supplement income, not fully replace it. Additional savings help cover unexpected expenses and ensure financial stability during retirement as Social Security alone may not be sufficient.

Answer:

To cover unexpected expenses
To ensure financial stability during retirement years
Because Social Security is not meant to fully replace income but supplement it