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Expert advice for retirees during this financially tumultuous time. Buzz60

It's a smart financial move that everyone should aim for.

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retirement plan contributions due to the pandemic. It's encouraging, therefore, to hear that 72% of Americans plan to prioritize their nest eggs once the crisis is over, according to a recent TD Ameritrade survey. And that's an important goal to aim for no matter your age.

Why do you need a nest egg going into retirement? It's simple: Social Security won't provide enough financial support during your golden years.

The average recipient today collects about $1,500 a month, or $18,000 a year, in benefits, which isn't a whole lot of money to live on – especially when you factor in the cost of healthcare during retirement, which can be astronomical even if your health itself is just fine.

Retirements take hit: disclosure policy.

The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY.

Offer from the Motley Fool: The $16,728 Social Security bonus most retirees completely overlook

If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $16,728 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Simply click here to discover how to learn more about these strategies.

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