For those of you who are in your 40's or 50's, unfortunately and MOST LIKELY you will not receive enough benefit. It is estimated by the year 2024 Social Security benefit will be depleted. When you are planning your retirement and crunching your numbers, you should definitely factor in other sources of income, including Social Security and a traditional pension, if you're lucky enough to have one. But your goal should be building up personal savings that will generate enough income to cover the shortfall. This means investing your money where you will earn higher rate of return. Bank or money market are not the best place to put your money for retirement.
If you are a moderate investor, you may look into insurance products such as indexed annuity or IGIC. These products offer you more security on your money, and the ability to participate in the market. However, if you are a risk taker, they you will need to look into the stock market.
You can check your estimated Social Security benefits by going to www.socialsecurity.gov and create an account or just simply use their online service.