Living Off Social Security

"...Financial planners advise against planning to live solely off Social Security during retirement—but here’s the reality: that’s often the only source of income many people have for their golden years.

Chances are Social Security won’t cover the majority of the 80% of the pre-retirement income that serves as a general guideline to maintain your current lifestyle in retirement. Still, there are ways to live more comfortably on Social Security alone—it just takes planning and budgeting..."

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