So Money with Farnoosh Torabi 1870: How to Retire on Social Security Alone
20 snips
Aug 25, 2025 In this engaging discussion, Anne Tergesen, a Wall Street Journal reporter, shares insights from her article on living solely off Social Security. She reveals the daily realities for retirees relying on an average monthly check of $1,900. Listeners will explore personal stories highlighting the importance of budgeting and community support. The conversation touches on adaptations that enhance quality of life, and the vital role of financial literacy for a secure retirement. Anne’s expertise brings a heartfelt perspective to the pressing challenges faced by many seniors.
AI Snips
Chapters
Transcript
Episode notes
Social Security As A Default Safety Net
- Social Security provides a baseline retirement income for the vast majority of Americans.
- Many retirees end up relying on it because they never saved significantly beyond payroll taxes.
Kathy: Master At Navigating Benefits
- Kathy, a retired social worker, uses her knowledge to tap federal programs and subsidies to lower costs.
- She qualified for Section 8, Medicare prescription assistance, and other local benefits to stretch her Social Security.
Tap Local Aging Agencies For Help
- Use local resources like the Elder Care Locator and Area Agencies on Aging to find subsidies and assistance.
- Reach out to these agencies to learn about utility, housing, and health cost programs that reduce retirement expenses.