I have recently retired at 64, earlier than I had wanted to, and find myself trying to live on nothing but my social security, which is just under $1000 a month. I know I am not the only one, so thought it might be interesting to start a conversation about that. I do have some savings, which I will obviously need to tap into as I adjust to my new financial status.
My first hurdle was finding an apartment that I could afford, and I recently moved to a senior building that is partially subsidized (Section 8). I qualify for the subsidy, which will make my rent just 30% of my income after health care costs have been deducted. However there is a waiting list so I am – well, waiting.
Now I need to find cheaper health insurance to tide me over until I am old enough for Medicare. I’ve heard about CHAS, and will be looking into that. Has anybody had any experience with them?
I may qualify for food stamps, and hope to fill out that paperwork this week. I would much rather be working, but so far have just not been able to find a job so I think I need to prepare for the chance that I won’t.
Anybody out there in my shoes? Any ideas for me?