Not exact matches
By Corey Johnson A contributor to WestView in his seventies offered he could not
live in the West Village if it were not for his rent - controlled apartment — but even
so, he was still having trouble making ends meet
on a
fixed -
income.
For these residents,
living on a
fixed income in New York City while owning a home and paying property taxes jeopardizes their ability to
live out their golden years in dignity and comfort in the neighborhoods they contributed
so much to.
Another approximate 17 % are retired folks
living on a
fixed income that is
so low that fed.
«Pretend like you're
living on that
fixed income today
so that when the last paycheck arrives, you've already made the transition,» said Justin Rush, financial advisor at Storey & Associates, a fee - only financial planning firm in North Canton, Ohio.
Other options include buying an annuity with some of your retirement savings (a
fixed annuity can give you guaranteed
income for
life — unlike stocks and bonds, which can go up or down unpredictably), investing in real estate, setting up passive
income sources (see the previous section for more
on this), picking up part - ownership in a small business, and
so on.
I
live on a
fixed income,
so yes, it is a hardship.
Forethought
Life Insurance Company quickly expanded its product offerings, and in 2006, the company brought
on board
fixed annuities — which allowed it to offer consumers with the ability to both save for retirement, as well as to receive a guaranteed lifetime
income — something that retirees have top - of - mind, as
so many people are
living longer
lives today.
She
lives on a
fixed income,
so when she received yet -LSB-...]
So, for those who are
living on a
fixed income or budget, this can be extremely helpful.
Most people of every age would have trouble replacing their possessions if they were lost, but seniors are particularly vulnerable to loss, because they have accumulated
so much over time and because they are generally
living on a pension or other
fixed income and monthly expenses are already difficult enough to meet as it is.
Seniors often
live on a
fixed or limited
income,
so every extra dollar is precious.