Living on Social Security Alone

This video discusses FIVE powerful ways to make living on Social Security alone work for you. It addresses housing, debt, cost of living and several other key areas where people spend the bulk of the money in retirement. The video ends with what I call "the nuclear option," which will work most of the time for those receiving an average or above average social security payment.

45% of single Social Security filers and 21% of married filers rely on Social Security for 90% (or more) of their total monthly expenses. Social Security was not designed to be the primary source of income for those that want to live a financially abundant lifestyle; however, done right, and with a little ingenuity, Social Security can help ensure the recipient lives a comfortable life.

Important Links:

Cost of Living by State
https://worldpopulationreview.com/sta...

38 States that Don't Tax Social Security
https://www.kiplinger.com/slideshow/r...

Cost of Living by Country
https://www.worlddata.info/cost-of-li...

Social Security Administration Application for Benefits
https://secure.ssa.gov/iClaim/rib

Current Social Security Cost of Living Adjustment
https://www.ssa.gov/cola/

Social Security Payment Estimator
https://www.ssa.gov/benefits/retireme...


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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.