Our daily roundup of retirement news your clients may be thinking about.
5 American cities where you can retire on just Social Security Based on data from the Social Security Administration, retirees receive $1,234 on average in monthly benefits, with 82% of them receiving an average of $1,280 from "Old-Age and Survivors Insurance," according to this article on Money. Sixty-seven of retired workers are receiving $1,348, the largest average monthly benefit, says the SSA. For retirees who rely solely on Social Security for income, Buffalo, N.Y., Johnstown, Pa., Memphis, Tenn., Akron, Ohio, and Indianapolis, Ind., are the cities where they can live comfortably because these cities offer lower living costs.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access