By Dr. Jim Dahle, WCI Founder

Many people, including white coat investors, have a subconscious or even a conscious fear of running out of money in retirement. Most people will qualify for Social Security, so running out of money doesn’t actually mean having nothing. It means having to live on Social Security. The Wall Street Journal ran a fantastic article about four individuals who were living on little more than Social Security. I found it really interesting how they got by. I also found it useful to read the lists of what they wish they had done financially.

The average Social Security check these days is about $1,900. Two of the four individuals had checks close to that. The other two received significantly less. Some people have car payments higher than these Social Security checks. Let’s dig into the details a bit.

The Retired Chef

The first

Keep reading this article on The White Coat Investor.