Can I retire on a pension and Social Security? | Ep.78

In this episode, we’re diving deep into the question: Can you truly retire comfortably on just a pension and Social Security? For many retirees, these income sources form the foundation of their financial future, but is it enough? We’ll explore what you need to know about relying on these income sources alone and the crucial factors that could impact your financial stability in retirement.

We start with a realistic breakdown of typical income in Georgia, where the average Social Security benefit is $1,907 per month, and the potential impact of a pension—such as an additional $3,500 monthly benefit. While this combined total of $5,407 might sound promising, we’ll look at the influence of taxes, inflation, and lifestyle choices on this number.

Tune in to understand:

• Tax Considerations: Georgia offers benefits ...