It sure seems that wages don’t keep up with the cost of living as it soars year after year. Not to mention how it will become more difficult to live on social security and retirement savings as the cost of living continues to rise. So whether you are still working or have retired, the need for more money is an ever-present reality.
If you are receiving social security earlier than full retirement age, you can still earn money and only beyond a certain amount would it require a deduction in your benefits. If you have reached full retirement age, it won’t be deducted at all. Beyond what you would need to use to supplement your living expenses, etc., you could start saving whatever you don’t need to use.
If you are still working at a day job and just barely scraping by – or at the least have nothing left over to save after your living expenses,