Villages living only on Social Security
 

gobankingrates.com has rated TV as the 5th place in FL where you only need SS to live. They claim you can get a 1br rental for $756 a month and total expenditures $1593 a month. Wat a joke!

One bedroom apartments at The Lofts start at $1,600 per month. I don't know of any other one bedroom apartments available in The Villages.

Exactly, total misinformation!

There are some rent controlled senior housing areas near, but not in the villages. I think the actual rent is contingent on certain levels of income.

$1593/month or $1593/DAY:1rotfl::1rotfl::1rotfl:

Rented our 3/2 2 years ago $1500 a month with no golf cart. Now probably 2K+. Buyer/renter beware of this article.

It can be done if you own home free and clear and live rather frugally.

Perhaps a year ago, before hyper inflation. Very difficult now unless you never go out and live on ramen noodles.

Villages is in top 70 of places with millionaires per capita. Why LSL full of wealth management. Must be talking about historic section that needs a bulldozer

I heard they're putting affordable housing in the Villages soon. It will be a lottery and need to meet low income financial requirements.
Government says TV needs to be more diverse and open to everyone.

The good news is you know the study is flawed.

The purpose of these "studies" is to draw clicks to a website, not to inform. Of course they are going to say crazy things, that's how they get clicks.

Where did you hear this?

How in the world can a place like this be open to everyone?

It’s not a joke. This is one of the cheapest places you’ll find. Home prices are low, as well they should considering the quality and small sizes of the houses. Even rent is low here compared to Orlando and Miami.

Everyone gets a different amount of SS so this doesn’t make sense.

Dad sure couldn't live on the SS he earned. Such a shame people who don't work and sit on their butt all day are given more.

Come on down, the price is right!!
 

think we need new signs on the bridges

Backthebadge
 

Why does the government feel the need to determine the diversity of our Community. Yeah diversity has done so much for places like Chicago, New York, Los Angeles, and San Francisco…..That’s exactly why I moved here

You are speaking about the area I live in and do so with so many others who just Love the Historic Section. Speaking for the majority of 4000 plus home owners, clam up if you don’t have anything nice to say.

I’m proud of myself for not passing judgment in writing on you Babuhat. Good job condemning all of us, thanks.

Keep in mind, not everyone receives the same amount of SS.
This on the Villagershomes4rent.com
1 Bedroom Patio Villa: Rental amount is $1350/month with a 12 month lease required. Rental amount includes the amenity fee, water, and outside care. Renter pays electric, cable, and internet.

Live on $4,000 per month SS in TV....................yep.

I looked up the average Social Security & as of June 2022 it is listed as $1,542. So the article is padding the average by a bit. But they have rent at $756 which leaves $837 for everything else, including Medicare & basic living expenses. So not much room. A rental at $1350 a month leaves only $243 (from the article's stated $1,593) which taking out Medicare & electric, leaves just about nothing. Probably in negative territory.

I’m sure rental prices have gone up, but one bedroom patio villas exist.

More like $756 a WEEK!!!

That's a pure advertising website which probably allows any article by any advertiser. I would perform due diligence on any article's information on which you will be making a decision. Otherwise, not worth taking seriously.

world renown finance critic

Being a millionaire may seem rich to you, but it isn’t if you have only one million and want to pass it on to your children. It’s said that you can generally take out about 4% a year and do that. Let’s say you have one million, so you can take out $40,000 a year from your mutual funds. You also have $30,000 a year from Social Security. But your mutual funds firm automatically takes out 20% with every withdrawal for taxes. That’s $8,000, leaving you with $32,000. Then you get taxed on your entire Social Security income because your supplemental income is more than $25,000. Let’s say that works out to $5,000 of your Social Security that you lose, though it may be more. Those two are $13,000 subtracted from your yearly $40,000. So that million dollars is only adding $27,000 to your Social Security.

Thanks to the effects on the stock market of Covid, Ukraine, supply problems, etc., your million dollars has also decreased by 30% total. So ideally you shouldn’t take anything out until that goes back up.

Having TWO million instead of one should help a lot, but the number of people here with two is much smaller than the people with one. (And those who had three million last year May have only about two million at the moment.) If you have a million dollar house and drive a BMW or two, you should probably have four or five million. That’s an even smaller number of people.

Agree. A million sure isn't what it once was.

cheap rent?
 

Ya....like food stamps

Yes, it is called clickbait and everyone HATES these sites. They spread terrible misinformation (which MANY fall for or waste time fact checking) and downright lies. Deadbeats who won’t get real jobs earn income for each of our clicks.

DON’T CLICK! It will be a triple win. You won’t be misinformed, they won’t get paid, and the workforce just might get a much needed WORKER in the process.

Not with food prices the way they are these days! :ho:

As someone else said lots of ramen noodles and also beans and rice

Wow..God complex?

Do you have links, proof of this? Would love to see actual proof of this claim so I can properly respond vs hear say. Thank in advance for sharing where you received this other than a friend of a friend or someone in authority told me so

Perhaps in Wildwood.

who? where? damn, I missed it

Maybe in Cuba?

"I heard......"
Is that like "Many people are saying?" :wave:

Social Security was not meant to live on , it's a retirement supplement.

Very true. When they first started it with retirement at 65 vast majority of people passed on before that age.

Later on seems like many people never understood that it was meant to be only part of your income in retirement.

thats 800 a month from each, husband and wifey..?