The average Social Security recipient earns under $2,000 monthly. To live comfortably, retirees should seek additional income sources. Working part-time offers a way to earn and stay occupied, reducing unnecessary spending. Additionally, considering dividend-paying stocks can provide consistent income while still allowing for potential capital gains. Although many retirees hesitate to invest in stocks due to perceived risks, a strategic approach can help secure a more stable financial future post-retirement.
Living comfortably on just Social Security is a difficult thing. That's not to say that it absolutely can't be done. But you may not have much wiggle room in your retirement budget if you limit yourself to a monthly Social Security check and nothing more.
Knowing that, it's important to set yourself up with other income streams for retirement. Here are some ways to supplement your benefits so you're not left struggling to keep up with your costs.
A lot of people look forward to retirement specifically so they can stop reporting to a job. So the last thing you might want to do in retirement is work part-time.
Many retirees assume they shouldn't own stocks because of the risks involved. But owning a small amount of stocks could work to your benefit, especially if you choose stocks that pay dividends.
Collection
[
|
...
]