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August 26, 2017

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My understanding is that living on Social Security alone is living at a subsistence level: food, shelter, and little else. As to making money, I have seen plenty of seniors driving for Uber or Lyft. In fact, they tend to be my favorite drivers, since they are usually very polite and professional. It does not seem like a bad way to make some extra cash!

A reverse mortgage can be a good idea, however there is lots of confusion regarding reverse mortgages so anyone consider them should really do their reseach. Another option for someone without enough savings is to check with Social Security and see if they are eliligable for bennefits on an ex-spouse or deceased spouses record.

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