Sentences with phrase «on social security alone»

This means people can not depend on Social Security alone to provide them with a comfortable retirement.

She would have to live out her remaining life on Social Security alone.

Regardless of your income, if you're counting on Social Security alone to maintain your lifestyle in retirement, you'll be disappointed.

If leaving a financial inheritance to your children or other beneficiaries is important to you, it's going to be very hard to leave any assets to them if you're relying on Social Security alone.

You can retire well on a Social Security alone check in these five countries, say the editors of International Living.

Not exact matches

In these three Latin American destinations, you can actually retire in comfort on Social Security benefits alone.

In the Right Spots Overseas, as Little as $ 1,485 a Month Can Bankroll a Good Life... Which Means You Can Retire Comfortably on a Social Security Check Alone Let us pinpoint for you the communities that would suit you best and hand you a personalized blueprint for getting there.

Even the Social Security Administration counsels people not to try to retire on their benefit checks alone.

This, along with the low cost of living in South Carolina, means it is possible for some seniors in the Palmetto State to survive on Social Security retirement benefits alone.

If you want the guaranteed income to begin soon — say, to pay for essential living expenses beyond what income from Social Security alone will cover — then an immediate annuity would be a better way to go (although you may still want to hold off a bit to get a better handle on what your actual expenses will be after you retire).

To do that, you'll want to go through a rigorous retirement - income planning process that starts with thinking seriously about how you'll live in retirement and then moves on to such tasks as making a retirement budget; assessing different strategies for claiming Social Security benefits; considering whether you want more guaranteed income than Social Security alone offers (which is where an annuity might play a role); and, settling on a withdrawal rate that has a reasonable shot at making your savings last as long as you do.

When you decide to retire on Social Security benefits alone, you are betting that the program won't experience any cuts or be eliminated altogether during your lifetime.

Even the Social Security Administration counsels people not to try to retire on their benefit checks alone.

Although Social Security retirement benefits alone are generally not taxable, people with even a modest amount of income in addition to their Social Security payments may pay taxes on their benefits.

Given the fact that Social Security Administration's definition of disability is so restrictive, and the benefits payable are limited, there is no reason to rely on these benefits alone.

This can be especially important, as many people may not be able to rely on pension, 401 (k), and / or Social Security retirement income alone.