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Your monthly take-home pay from the military ($2,200) and monthly living expenses ($3,000) means you have a deficit of $800 per month that you have to cover through a combination of your savings ...
Getting a second mortgage with Social Security as your only income source is possible, but there are caveats. Find out more about how to quality.
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My mortgage is $1,450 per month, having risen $400 in the last year. Interest is around $500 per month. I am 69, a retired teacher, have a state employee pension and Social Security benefits.
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An Example $3,000 Retirement Budget. Here’s how your expenses might be allocated to a retirement budget of approximately $3,000 a month. The percentages are based on Social Security’s analysis ...
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