understanding how your money can best work for you can be even more critical: the gender wage gap, career interruptions and a longer average lifespan all mean that women may need to be more intentional about our financial planning.
Research health care options, such as Medicare or long-term care insurance. Figure out which states have appropriate living costs to your goals. If you do not know how much you still need to save, you can use a retirement calculator to take into account inflation, taxable retirement income,...
It's not so surprising, then, to learn that 44% of current retirees have plans to return to work or are considering a return to a job, according todatafrom Fidelity & Guaranty Life Insurance Company. And that's a move you may want to consider, as well. Image source: Getty Images. B...
Retirees and pre-retirees considering the various types of insurance they need should include on their checklist insuring part of their retirement income. But how much of your retirement income do you really need to insure?To help you answer this question, it's important to first consider when ...
These coastal cities offer affordable beach living and many of the amenities retirees need. Kathleen PeddicordApril 17, 2025 About the Social Security Administration It’s been in the news lately, but what exactly does the Social Security Administration do?
Robert Brokamp:If and when Social Security's underfunding conundrum gets solved, it'll likely be a combination of things like higher payroll taxes, higher full retirement ages for future retirees, and adjustments to the benefits formula that will result in lower payouts for some or maybe all ben...
Additionally, if you retire with a chronic health condition, you might need some specialized equipment or living arrangements. You may also need regular access to adequately trained and experienced specialists for your medical care. And while no one wants to think about this, many retirees experienc...
Insurance Coverage Therising cost of medical insurancehas served to reduce the number of companies that offer medical coverage to their retirees. And that, in turn, has made this perk increasingly rare in early retirement packages. Where available, though, the benefit covers retired employees until...
Financial planning isn’t just for soon-to-be retirees—here’s when you should think about hiring one 4. Set goals to ensure your financial security Setting specific, targeted goals today helps you reach financial stability in the future. Tayne suggests starting simple with saving, debt payoff...
Moving somewhere new when you retire isn’t uncommon. But deciding whether to take out a new mortgage to buy a home is a big deal.