Retire Archives - DR News - News, Retirement, Finance

Retire as a Millionaire: Earn Wealth with Schwab’s Top ETFs

Los Angeles, California – Planning for retirement can seem daunting, especially when considering the rising cost of living and the impact of inflation on savings. With $1 million no longer holding the same purchasing power as before, many individuals are setting their sights on higher retirement savings goals. One popular strategy for building wealth over the long term is investing in low-fee, broad-market index funds. These funds, such as the SPDR S&P 500 ETF, offer …

Retire on $1,500 a Month: Top Cities and International Destinations to Stretch Your Budget

Odessa, Texas – Retiring on $1,500 a month may seem like a daunting challenge for many individuals in today’s economic climate. With rising expenses and limited sources of income, planning for retirement on a tight budget can be a significant concern. According to recent data from the Bureau of Labor Statistics and the Social Security Administration, the average retiree spends more than $4,000 on monthly expenses, while the average social security check falls below $1,800. …

US Aging Population Faces Limited Retirement Options: Here Are the 25 Best Places to Retire on $5000 per Month

There’s a growing concern in the US regarding the increasing average retirement age and the potential impact on millions of people approaching their golden years in the next decade. With the cost of living on the rise, especially healthcare expenses, many Americans are struggling to save sufficiently for a comfortable retirement. Republicans are pressing for an increase in the full retirement age from 67 to 69 due to factors such as increased life expectancy and …

Retirement: 3 Things to Know about Social Security Benefits Before You Retire Early

Atlanta, GA – If you’re considering early retirement, understanding the implications of claiming Social Security benefits early is crucial. Making the right choice about when to claim benefits can significantly impact your retirement income. Before making any decisions, it’s important to be aware of three key factors that can affect your Social Security benefits. Firstly, claiming benefits before reaching full retirement age will result in a lower benefit amount. While some may be able to …

Retire: The 11 Best Places for Single Expats Abroad

Retiring as a single expat can be an exciting opportunity to explore new places and cultures. With the freedom to choose where to settle down, single expats have the chance to find the perfect location to enjoy their retirement years. Here are 11 recommended places to retire as a single expat. Cuenca, Ecuador: This charming city in the Andes Mountains offers a low cost of living and a thriving expat community. With its mild climate, …

Pension Gender Gap: Women Retire with 33% of Men’s Savings

LONDON, England – Women in the UK face a significant gender gap when it comes to pension savings, with many being £136,000 worse-off due to the unaffordable childcare system. A study revealed that women need to work an extra 19 years to retire with the same pension pot as men. This significant disparity in retirement savings is a cause for concern and highlights the need for policy changes to address this issue. The gender gap …

Retire in Florida: 9 Reasons It Beats Arizona for Retirement

When it comes to choosing a retirement destination, Florida and Arizona are both popular options. However, there are several reasons why retiring in Florida may be more appealing than retiring in Arizona. One of the primary reasons to retire in Florida over Arizona is the weather. Florida’s milder climate, with its warm temperatures and lower humidity, is more attractive to many retirees compared to Arizona’s hot and dry desert climate. Additionally, Florida’s beautiful beaches, abundant …

Retirement 2024: Worst States to Retire Revealed in New Survey

FRANKFORT, KY – A recent study from WalletHub has revealed the worst places to retire in the U.S. in 2024, with Kentucky, New Jersey, and Mississippi taking the top spots. The study compared various factors such as tax rates, cost of living, access to quality medical care, and recreational activities across all 50 states. In contrast to the “Best Places to Retire,” these ten worst states generally have higher taxes and crime rates, as well …

Ruppersberger to Retire After 11 Terms in Maryland House, Another Longtime Democrat Announces Departure

Citing burnout and a desire to spend more time with family, longtime House Democrat Dutch Ruppersberger has announced his retirement. The Maryland representative has served the state for 11 terms. Ruppersberger’s decision not to seek reelection marks the end of a career spanning over two decades in Congress and nearly 40 years in public office. The announcement underscores the growing trend of veteran politicians stepping away from their roles in recent years. Ruppersberger’s departure will …