"Retirees are living longer, especially those who can afford good health care, so it is important to plan for a long life," Rosengarten said. Money going toward travel in retirees’ 60s and 70s is often shifted toward health care in their 80s and 90s. "Building some flexibility into your...
which means affordability is critical,” says Bankrate analyst Alex Gailey. “A move to a more affordable location could be an effective way for soon-to-be retirees to stretch their retirement savings in this economy.”
Democrat Shomari Figures defeated Republican Caroleene Dobson in Alabama's 2nd District, a newly drawn seat that increased Black voting power and was expected to be a Democratic pickup. Lead Art: The U.S. Capitol building is seen in Washington, on Sept....
Democrat Shomari Figures defeated Republican Caroleene Dobson in Alabama's 2nd District, a newly drawn seat that increased Black voting power and was expected to be a Democratic pickup. Lead Art: The U.S. Capitol building is seen in Washington, on Sept....
If you are in the market for a new vehicle and you are looking for a deal...you're in luck we now know the slowest-selling car in the US. So why does that matter when you are buying a car? Well, chances are they have plenty of them on the lot, and as the calendar creeps cl...
Employers of defined benefit plans are required to offer this joint life annuity option to their retirees because the annuity originates from the retiree's service to his or her company. So the law was written to protect the employee in the event his or her spouse died first, so that the...
For the past 40 years, since ERISA was enacted in 1974, the vast majority of retirees who are offered a lump sum buyout vs. a monthly annuity, take the cash. These retirees want the cash to be able to invest in stocks or real estate, to pay down a mortgage, to take a vacation, ...
My goal had all the markings of a SMART goal — specific, measurable, achievable, relevant, and time-bound. But now that I’m older and think more critically about money and family, I’ve questioned whether retirement age is an appropriate goal for aspiring retirees. ...
It could be. The cost of living for a Canadian may rise. But so may job salaries. Plus, a Canadian may find more career opportunities in the U.S., depending on where they choose to live and their job focus. Which Is Better for Retirees, Canada or the U.S.?
the American population has grown older.5This aging makes a big difference to the median income because retirees typically live off savings and generate little income. Also, the country is significantly more diverse than it was in the 1970s. Increases in the number of immigrants, for example, ...