Tag Archives: Living in Retirement

Living in Retirement

One of the things to consider when you plan on living in retirement for the rest of your life, is what are your means of support financially.  Besides your own savings in the bank or from your IRA or 401K, where else do you plan on getting the money that you’ll need while you’re living out your golden years in retirement?

Social Security retirement benefits are the largest source of retirement income for people over 65.  Every employee contributes to Social Security while they are working.  The contribution is automatically deducted from the worker’s paychecks, and is matched by the employer, deposited into a fund, and managed by the government.  The fund pays retirement benefits and also survivor and disability benefits.  How much you get depends on how much you put in.

Posted in Retirement Communities, Retirement Homes-1, Retirement Planning | Also tagged , | Leave a comment