Midweek recap—if you’re 50 or younger, what do you hope to get from Social Security when you retire?
by Don on Jun. 18, 2009, under UncategorizedAssuming we post-Baby-Boomers* get some Social Security when we retire, what are your plans for that income stream?
Off the top of my head, I can think of three basic things you could do with your SS money:
- It could be your primary retirement income.
- You could use it to pay the premiums for your health-care insurance, long-term care insurance, etc…
- It could be your “mad money,” the money you use to pay for vacations, eating out, etc…
For my family, we’re going with Option 2. We’re hoping to use SS to pay the premiums for our long-term care insurance, a medical plan to supplement our Medicare/TRICARE For Life, etc… We’ve pretty much determined that our day-t0-day expenses in our golden years will be covered by savings and part-time work.
What are your plans for your Social Security?
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