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For a lot of people, retirement is a very liberating phase. It marks the end (for most, anyway) of one’s professional life. He could simply live on his retirement pay as well as his pension, and opt to relocate to beautiful places to enjoy his work-free life. Many baby boomers choose beachfront lodgings. Some baby [...]
Here’s some alarming Social Security statistics: $895 Average monthly Social Security benefit check for retired workers in 2002. This compares with $834 for disabled workers and $861 for widows and widowers. (Source: soon-to-be-released Statistical Abstract of the United States: 2003.) $9,786 Average income for people 65 and over in 2001 that came from Social Security [...]