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How to live comfortably on Social Security alone.
According to the Social Security Administration, among elderly Social Security beneficiaries, 12 percent of men and 15 percent of women rely on Social Security for 90 percent or more of their income. The estimated average monthly benefits for all retired workers will be $1,657 beginning in January 2022, but this is an average, and not everyone will receive this amount. If you are one of those individuals who will be relying on your Social Security checks to cover all your expenses, it’s never too early to start planning on how you’ll make it work. Marilyn Lewis gives eight tips on how to retire comfortably on Social Security alone. Read Ms. Lewis’ article here…
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