Will you be able to live on Social Security alone? - Kenosha News
The rule of thumb is that Social Security benefits replace around 40 percent of pre-retirement income, but for some elderly Social Security beneficiaries, 21 percent of married couples, and about 45 percent of unmarried persons, reliance is at a 90 percent level or more. Living on Social Security alone is not ideal, but there are ways to salvage your senior years. It will take sacrifice and smarter choices. In Maurie Backman’s article appearing on www.kenoshanews.com, she writes that with the right approach and attitude, you may be able to retire on Social Security alone. Read Ms. Backman’s article here…
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