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August 27.2025

2 Minutes Read

Is Living on Social Security Alone Possible for Retirees?

Middle-aged woman reviews bills in kitchen, living on Social Security alone.

Can You Really Survive on Social Security Alone?

When it comes to retirement, one of the most pressing questions for seniors nearing retirement is whether they can rely solely on Social Security benefits. With the complexities of living costs, healthcare, and other expenses, many wonder if Social Security is enough to sustain a comfortable lifestyle.

The Realities of Social Security Benefits

On average, Social Security payments provide about 40% of a retiree's pre-retirement income. This percentage can vary significantly, however, depending on individual work history and earnings. In many cases, especially for low-income seniors or early retirees, this amount may fall short of covering essential expenses such as housing, food, and healthcare.

Seniors Navigating Financial Feasibility

For those living in areas like Muskegon, knowing how to navigate the complexities of Social Security can be daunting. Local resources can help: applying for Social Security in Muskegon or exploring options for spousal Social Security benefits are just a few avenues that can bolster financial security for retirees.

Exploring Additional Income Streams

Many retirees supplement their Social Security with savings or part-time jobs. This diversification is crucial, especially for those who might not have substantial retirement savings. A specific approach can include understanding the Social Security claim process, knowing what documents are needed, and finding out how to apply for retirement benefits accurately.

Expert Recommendations

Financial advisors often recommend that seniors review their financial situation well before retirement. This involves estimating Social Security payments, understanding when to apply for social security, and evaluating other retirement income options. More importantly, it’s beneficial to consult with professionals who can guide you through the application process and help you maximize your benefits.

Plan for Your Future Today

For your best options & plan benefits, contact Terrijo Parker today. Friendly, caring, she listens to every client to provide the top choices you need. Give her a call at 231-571-6100.

For Your Best Options & Plan Benefits, Contact Terrijo Parker Today. Friendly, Caring, She Listens To Every Client For To Provide The Top Choices You Need. 231-571-6100.

Retirement and Financial Security

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09.11.2025

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