Deciding whether to move or not when you hit the age of retirement is difficult, but there are many advantages to doing so, especially in these 10 best places to retire in Florida on social security.
After a lifetime of working hard for every penny you made, knowing that you’ll have to live off of social security may be a hard pill to swallow. Alas, it’s what you’ll have to do in the end, although it won’t hopefully be just social security income alone.
Commonly, when a person retires, part of the monthly cash they’ll have available for spending comes from social security, while the rest is made up of a mixture of pre-retirement earnings, private pensions, savings, and investments. For the sake of our article today, however, we only took into consideration the average social security paid to a worker at full retirement age, which, according to the Social Security Administration, it’s $2,663 per month. That’s not too much, but it’s not a negligible sum either.