That's an annual income of just under $23,000. You may not be able to get by in retirement on Social Security alone if your monthly benefit is somewhere in the vicinity of $1,907. But what if ...
Still, the program was never intended to replace all of a retiree’s income, and trying to live off Social Security payments alone is a tall order. “Frankly, it’s a little concerning,” says ...
As such, it's not a good idea to plan to retire on Social Security alone. Rather, it's important to make an effort to build up a nest egg so you have income to supplement those benefits.
Social Security has a big birthday coming up next year -- it's turning 90! It's kept many millions of people out of poverty ...