One of the most common questions we get here at NORA involves living off just Social Security.

It’s possible, but it’s something that’s very situational. Those who are currently planning for retirement or considering taking their benefits may wonder if they fit into this category.

How can you tell? As Nasdaq explains, there are a few signs to look for that will let you know if you can live solely off Social Security.

One sign is that you live in a low-cost state — we’ve highlighted some of the higher ones here. Another sign is that you’ve paid your debt off, or are on track to pay it off before claiming benefits.

Check out their list for more signs that you’ll be able to live off just your benefits. And for more content on retirement planning and Social Security FAQs, follow us on Facebook and Twitter.