India, April 30 -- Kevin O'Leary, the prominent entrepreneur and Shark Tank's star investor, has shared an important message on Social Security and the amount of revenue people need in retirement along with the federal program's monthly checks. He has highlighted that "Social Security payments were never designed to fully support retirees as their sole source of income."

With the average monthly payment of $1,900, it doesn't ensure a comfortable retirement for the senior citizens that they want. To have a financially stable future, workers often turn to employer-sponsored 401(k) plans that allow them to make annual contributions up to a specific limit and invest that money for their later years after working days are over. It has added c...