General Discussion
In reply to the discussion: How is everyone out there making it financially? [View all]lastlib
(28,657 posts)If I only had Social Security, I'd be living under a bridge. But I do have some pension income as well, and I haven't tapped my IRA yet. Usually the pension & SSI cover my expenses if I don't splurge on anything. But if I go over on anything much, or have a large unusual expense, I likely have to dip into savings. Worst is end of the year when property taxes come due; those cut into the stash a lot. If groceries and gas keep going up, as I expect, it's going to squeeze me hard. Oh, and forget about health insurance! I have Medicare, but no supplement for part C and D. Fortunately, I don't take any prescription meds, so I'm OK there--but at almost 70, how long will that hold?? I do feel like I'm living on the knife's edge, even though I have a sizeable stash of investments and IRA. But I know that soon I will have to tap the investments for some new housing, and I son't know if the IRA is big enough by itself to last my lifespan. 'Tis a challenge and a worry.