As Gen Xers approach retirement age, with some already nearing 60, questions arise about their preparedness for the future. When surveyed, many Gen Xers expressed a desire to retire around 63. However, this leaves little time for older members to accumulate the necessary funds.
Category: News
The Significance of Credit Scores in Retirement
Do you believe your credit score loses importance during retirement? Think again. Even after you’ve retired, your creditworthiness plays a vital role when applying for new credit cards, borrowing money, or securing certain types of insurance.
5 Reasons Why Decluttering is Essential for Retirement
It’s understandable why many people view retirement as a time to relax and enjoy life. However, it’s crucial to acknowledge the advantages of decluttering as you transition into this new chapter of life.
The Benefits and Drawbacks of a Hybrid Annuity
Hybrid annuities are financial products that combine the features of traditional annuities and investment accounts. They offer investors the potential for market-linked returns while also providing a degree of protection against market downturns.
The Rising Cost of Healthcare After Retirement: What You Need to Know
Discover the reasons behind the increasing cost of healthcare after retirement and learn how to prepare for this financial challenge.
Why Eliminating The Earnings Test Could Have A Positive Affect On Social Security
Firstly, an earnings test is a policy that limits or reduces benefits paid to individuals based on their income or assets. In the context of social security programs, an earnings test is often used to limit benefits paid to high-income individuals while providing full benefits to low-income individuals.
Retirees Struggling with Savings Turn to Tiny Houses as a Solution
Retirement used to be a time to relax and enjoy life, but for many Americans, it has become a time of financial insecurity. The majority of seniors over 55 rely only on Social Security benefits due to a lack of retirement savings. This has led many retirees to consider alternative living options to make their money last longer, and tiny houses have emerged as a popular solution.
Retirement and Ageism: The Challenges Facing Retirees in a Society that Values Youth
Retirement is a stage of life where we can unwind and relax. For some individuals, the transition to retirement can be challenging due to ageism in society.
Is Increasing The Retirement Age The Right Answer?
Many policymakers and experts have proposed raising retirement age to address the financial challenges an aging population poses. While there are potential benefits to raising the retirement age, such as increased economic productivity and reduced strain on government resources, there are also several drawbacks to consider.
Get Your Long-Term Care Planning Started Today!
Even though it’s unpleasant to consider, the risk of needing long-term care rises as life expectancy increases. Every one of us has different needs regarding the type and duration of care we receive. While many would like to think otherwise, the fact is that we could be more prepared, at least monetarily.
