<prompt> Human: I already give 14 of my income to social security... Is there a reason why i should put 10 more of my income to IRA...? I mean isnt social security enough to live comfortably when you have house mortgage paid off...?What I am worried about IRA is that i heard it is possible to lose money from IRA... Is this true? Especially in todays market, i heard average rate of return is only 2 or something which cant even keep up with inflation rate.  <response>: Short answer: No, you cannot live comfortably on SS alone.Yes, you can survive on it, insofar as you wont starve to death. Anything beyond that, dont take for granted even if you already own your own home. 