Retirees' Financial Planning Challenges

This is a news story, published by Yahoo Finance, that relates primarily to Social Security news.

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Retirement Budgeting Tips

SmartAsset

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We're in Our 70s – How Do We Make $200k and Social Security Work?

Summary

Nutrition label

81% Informative

Retirees with relatively small nest eggs are generally more reliant on Social Security than those with more money saved up.

Social Security will likely make up most of this couple’s annual income.

Some financial maneuvering can boost their portfolio, and part-time work can add a side-stream of income.

Without sufficient planning, $ 200,000 in savings and Social Security might be difficult to support yourself.

Without going back to work, making this income last will likely require some careful budgeting.

Building a budget is essential to making your savings last, but how do you do that? With the right strategy, you can create a solid, long-term retirement budget.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful