• Question
  • I am on ss disability and only have the money from the sale of my home to invest I need to make it

    Asked by a 61 year old woman from Convent, LA on 6/24/2012

    I am on ss disability and only have the money from the sale of my home to invest. I need to make it last a long time and want to know the best way to get income each month on the principal amount.

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  • Categories: Housing, Tapping home equity

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Hi,

    If you have low income then you may want to read this article which describes some benefits and services available to low income seniors:
    http://www.newretirement.com/Services/Low_Income_Benefits.aspx

    NCOA (National Coalition on Aging) runs a site http://www.benefitscheckup.org/ that may be useful.

    You may also want to try our holistic calculator to see if it comes up with any ideas for you: https://www.newretirement.com/retirement-calculator/default.aspx

    Hopefully this is helpful.

  • Login to rate this answer:   Answered on 6/27/2012
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.