Calcutta, much depends on where you live and what your income is. Different States have different assistance levels for Medicaid. In my State, if your income is less than $2000 month there are benefits you can qualify for , and if it is less that $1500 you get even more assistance. If you told us what your income is and State you live in, we could help. Its also possible you may do better if you moved to another location as well. Some states are much worse with their social benefit system. If you own your home it may be wise to sell it and move into senior housing. Food banks and soup kitchens are available near every community as well. Please share more specifics about your income and living situation, I'm sure we could help!
There are no resources to help out. I am one of those working until I am 66 (God willing) to collect $1000 more monthly than if I would take early SS. I worked too hard and too long to give up that money.
We’ll have to budget when we retire.
If you are low income you can apply for Meals on Wheels but you have to complete ppwk with financial disclosure.
There are so many folks right now in a bad place due to Covid that families are struggling to pay their bills and put food on the table. They are using the food banks around my DMV (DC/MD/VA) area. Some county schools provide hot meals to families in need.
If you are middle class, forget about getting any help. It’s not there.
I know a lot of people at 70 working, u get 135% if u wait. Some work till 66 to get 100%. (Those born from 1943 to 1959)
"If you're younger than full retirement age, there is a limit to how much you can earn and still receive full Social Security benefits. If you're younger than full retirement age during all of 2020, we must deduct $1 from your benefits for each $2 you earn above $18,240."
Yes, we can answer better if we have some background.
During Covid hardships, there are plenty of food resources out there. Contact the Senior Center in your area. Contact the Area Agency on Aging Call 211 for resources.
If you get food supplemented, you can use your income for rent/mortgage.
Are you sure you are 'retired', or did you just stop work early due to Covid? There are much more resources out there, with added Covid benefits, for the unemployed.
I suggest that you try returning to work part-time if you are collecting Social Security retirement after age 65. There is a maximum limit that you can earn and still receive SS benefits while retired, but you can supplement your income this way.
We see many seniors actually have to return to work. When I used to go to fast food outlets those working there were all young kids; now I see more Seniors than kids in my city. I wish you luck. No one can live in retirement on Social Security. It takes a good incomes from savings to make it through. Would appreciate more information on your own situation so that perhaps you could be guided to any resources anyone knows of. As you can imagine, there just isn't a whole lot.
You need to complete your profile to get suggestions. Are you an early retiree? Do you need to downsize to somewhere cheaper to live, and to get hold of capital from a sale? What are any unusual financial commitments? What income source do you have? Did you see this coming when you retired, or has something unexpected altered your plans? As I am sure you realise, anyone can quit work, have no income, and ‘want’ financial assistance. Not much useful advice forthcoming!
We’ll have to budget when we retire.
If you are low income you can apply for Meals on Wheels but you have to complete ppwk with financial disclosure.
There are so many folks right now in a bad place due to Covid that families are struggling to pay their bills and put food on the table. They are using the food banks around my DMV (DC/MD/VA) area. Some county schools provide hot meals to families in need.
If you are middle class, forget about getting any help. It’s not there.
"If you're younger than full retirement age, there is a limit to how much you can earn and still receive full Social Security benefits. If you're younger than full retirement age during all of 2020, we must deduct $1 from your benefits for each $2 you earn above $18,240."
Yes, we can answer better if we have some background.
Contact the Senior Center in your area.
Contact the Area Agency on Aging
Call 211 for resources.
If you get food supplemented, you can use your income for rent/mortgage.
Are you sure you are 'retired', or did you just stop work early due to Covid?
There are much more resources out there, with added Covid benefits, for the unemployed.
I suggest that you try returning to work part-time if you are collecting Social Security retirement after age 65. There is a maximum limit that you can earn and still receive SS benefits while retired, but you can supplement your income this way.