From the story:
“Individuals who delay benefits until age 70 receive significantly more than seniors who retire at 62. The average monthly Social Security benefit for a worker retired at age 70 is $2,275, compared to $1,424 for those who retire at 62.
“The payments still aren’t enough to live comfortably, [Randy] Jones said.
“His body is overworked, but he’d rather push himself to work at 70 than at 80. As a Walmart greeter, he makes enough per hour to supplement his Social Security payments, optimistic that he will one day be able to afford a senior-living home. With no family to take care of him in old age, a retirement community is his best hope.”
Have you or someone you know struggled to retire? Do you worry about having enough money to retire? Let me know, and I’ll include some responses in Wednesday’s newsletter!
