• Question
  • What can i do in my present situation which i'm already broke before the end of each month. Can't

    Asked by a 71 year old man from Anaheim, CA on 8/19/2014

    What can i do in my present situation which i'm already broke before the end of each month. Can't even buy medications and sometimes even food.

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  • Categories: Retirement Planning, Out of Money

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Sorry to hear about your situation, but you may be in good company since 36% of people have nothing saved for retirement.
    14% of people over 65
    26% of people 50-64

    http://reason.com/blog/2014/08/18/why-do-36-percent-of-americans-have-no-r

    There are a number of programs for low income seniors - you can read a write up of them here:

    http://www.newretirement.com/Services/Low_Income_Benefits.aspx

    This is one of the main sites for looking for low income benefits:
    https://www.benefitscheckup.org/

  • Login to rate this answer:   Answered on 8/30/2014
**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.