#4 Get rid of debt before retiring
One way to ensure that the social security check you’re going to get is going to be enough for you to live comfortably is to get rid of all the debts you may have accumulated. Be it mortgages, credit card bills, or anything of the sort, the best course of action is to pay them off before you retire.
That way, you can budget your security check more easily and focus on the things you have to pay on a daily or future basis rather than worrying about past purchases. Not to mention, not having that mortgage hanging over your head is going to feel great.
Impossible in NYC
Here in NYC that is impossible YOU’RE DREAMING!!! Rent alone is $2500-,and I just put 175 gallons of fuel oil in my oil burner tank @$925- Dream again!!!
I paid in close to the limit of social security for much of my life. Yes I took social security at 62 but my checks are less than $900 a month as it would not make my house payment. Thank goodness my retirement income is far in excess of that. I can’t imagine living on that alone.
My insurance is to high for my home it takes almost half of my social security check.
If you’re use to working and get are social security checks once month it’s hard it not nearly enough to live off but some i make it work I’ve been living on disability for little over 20 years some I make it work you have to remember you buy everything you need for the month i mean everything from food to toilet paper one supply it’s like put a puzzle together with God’s help I survive and retirement and ssdi all that the same thing I wish with this next raise we getting next year be enough where I won’t have to scratch my hair out because I don’t have enough money to survive Lord God help us to live comfortable in our golden years I pray it works out