6 Ways Retirees Can Build Wealth Using Their Social Security Checks

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Indeed, several experts argue that it can be challenging to live on these benefits alone.

Here are some ways retirees canbuild wealth using their Social Security checks.

In turn, she said, diversification may also make sense.

For instance, many retirees enjoy investing in real estate and creating an income stream with tenants.

Another option to build wealth is with life insurance, some experts also noted.

Another move is to set up automatic savings from your Social Security deposits to a savings or investment account.

Even small amounts can grow over time through compounding, he said.

This can help you navigate complex decisions, added Gammon.

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