A boomer lives on $1,601 monthly from Social Security and struggles to pay bills. She plans to wait a few more years until she touches her 401(k).
Maureen, 67, (not pictured) is a former elementary school teacher living on $1,600 a month in Social Security benefits.
Drazen Zigic / Getty Images
- Maureen, a retired teacher, struggles to live on $1,601 monthly from Social Security.
- She has a 401(k) but hasn't used it because she's worried about making it last the rest of her life.
- Many baby boomers face similar challenges and over half have $250,000 or less in retirement assets.
Maureen used to have a tradition with her third-grade class.
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