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Relying on Social Security

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Earl R., age 62
Barre, Massachusetts
Retired, on disability
Divorced, one son
"Realistically, I'm going to have to live off of less."

Earl's Tips

  • Planning is your weapon against fears about your financial future. Start now.
  • If faced with a serious medical condition, look into government benefits.


  • Retired from his job as college professor at age 55 due to health problems.
  • Social Security has been a lifeline; allows him to keep retirement funds intact.

A master plan derailed.

"I was a college professor, but by the age of 55 I'd developed some health problems. I had to stop teaching. My financial planning was a masterpiece, but I lost money in the market from 2001 to 2003, around the time I stopped work. Then this past fall I again lost quite a bit of money."

Preserving what's left.

"Things were looking bad, but I have a more steady income now. After several years of trying to get disability, I'm finally receiving it. I also got back pay, which I put in a CD. I used to sit around with my colleagues laughing about how Social Security wouldn't be enough to pay for anything, and now it's one of my main sources of income. My life could be worse, but it's not what I envisioned when I was a tenured professor."

Take the Next Step.

Let's talk about the retirement you want.

Call 877-673-7970 for your complimentary retirement consultation.