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United States Dry Fruits Market Analysis Forecast Report 2024- 2030 | #united States Dry Fruits Market

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Single Premium Immediate Annuities And Social Security: How They Work Together?

Did you know that nearly 90% of retirees rely on Social Security as their primary source of income? While this federal benefit is a crucial part of retirement planning, it might not always be enough to cover all your expenses! According to a 2023 report from the Center for Retirement Research, Social Security typically replaces only about 40% of pre-retirement income for the average worker. This is where a single premium immediate annuity (SPIA) can play a significant role.

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