Some Seniors Can Supplement Retirement Benefits With This Extra Source of Social Security Income
Social Security has long been an important source of income for retirees, and it could become even more so due to the coronavirus. Many workers will be forced to claim benefits earlier than planned if the recession caused by COVID-19 leads to long-term job losses and unexpected early retirement. And other retirees may reduce their investment withdrawals if they lost money in the coronavirus market crash, making them more reliant on Social Security as their investments provide less income.
If you find yourself relying on Social Security retirement benefits alone, they may not be enough to offer you a comfortable standard of living. But there's another Social Security program that low-income retirees could qualify for to provide some extra money: Supplemental Security Income (SSI).
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Source Fool.com
