Since its inception, Social Security has been positioned as a program seniors can rely on for support.
While the general consensus has always been that these benefits will provide a portion of what retirees need to live on, some people wonder — is it possible to live solely off your Social Security benefits?
The answer, in short, is yes. Depending on your lifestyle, it’s possible to stretch your benefits far enough that they can sustain all your needs.
While this does require a great deal of planning and even some major life changes like potential relocation, the moves can make sense for some seniors under the right circumstances.
Social Security is something seniors should be able to rely on, whether it’s for part of their retirement income or all of it. Here at NORA, we’re dedicated to the cause of fair yearly COLAs — follow us on Facebook and Twitter to learn more.