Can you retire comfortably on Social Security alone? We asked seniors.
View original at finance.yahoo.comCan you retire comfortably on Social Security alone? We asked seniors. Is it possible to live comfortably in retirement on Social Security income alone?…
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I'm lucky because she has that mentality, 'Take care of your parents.' I'll never be out on the streets
80% confidenceI feel very fortunate that our careers kept us at the higher end of Social Security earnings
80% confidencePeople spend dramatically less after they retire. The rat race you get when you're working drops off in retirement
80% confidenceWe are frugal people. Almost everything in our house is recycled, used, thrifted, but it looks nice and everything works
80% confidenceFrom everything I read prior to retiring, I didn't think it was possible to live on Social Security alone
80% confidenceFor one thing, I look for everything that's free. If it's not free, it's damn near free
80% confidenceI have worked so hard all my life, working two jobs, sometimes three, and it has really been a struggle
80% confidenceIt was rough when I first started. The check was so low
80% confidenceIt's been a year and a week, and I'm not struggling at all. When I hear people say, 'I can't live on Social Security,' it's like, Why not?
80% confidenceIt's not optimal to just get by, but that's the way it is
80% confidenceSocial Security will face a shortfall by 2035
80% confidenceThere's nobody really to blame for our current financial change other than me, because I was never going to get old
80% confidenceWe made $150,000, we spent $150,000
80% confidenceYou can retire with a lot less than $1 million in the bank: $50,000 to $100,000 in savings should do it
80% confidenceWe're going to have to make a decision next spring about what we're going to do, or I'm going to continue to pull down our savings, and I don't have any way of replacing that
80% confidenceAt some point, you realize that I'm 79 years old. There's not a whole lot we need. We have a comfortable life. We have a lot of really good friends
80% confidence
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