Retirement
You may be trying to figure out what the most beneficial age is to say goodbye to your colleagues at work. Is it 62, 65, or even 70? Age 65 has long been considered typical retirement age, in part because of rules around Social Security benefits. In 1940, when the Social Security program began, workers […]
Being able to acquire a substantial amount of wealth and achieving financial independence before retirement is something that most of us dream of but only a few manage to actually achieve. What separates those who manage to retire rich from those who are not able to? As it turns out, self-made millionaires and billionaires have […]
Social Security is a financial security net for many senior citizens who may not have any other form of income. But did you know that Social Security payments are protected against the rising costs associated with inflation? However, that does not necessarily mean you will get more money in your pocket. Here is what you […]
A new report warns that growing social isolation and loneliness among America’s seniors citizens is approaching crisis levels. The study, conducted by the National Academies of Sciences, Engineering and Medicine, concluded that if left unchecked, loneliness and depression can have severe detrimental health ramifications for older Americans. Conclusive evidence from four decades of research reveals […]
Life is always what you make it, and never what you fervently want it to be. That is the hard reality many Americans deal with when it comes to retirement. About 75% of Americans say that the reality of retirement never matches their preconceived expectations. Here are three emotional costs of retirement you should consider […]
Saving money for a safe and comfortable retirement has become increasingly hard for many people. If you are staring at an uncertain financial future during retirement, it may be prudent to consider moving out to another country where you can enjoy an affordable retirement. Here are four countries where your dollar can go further in […]
Most Americans are woefully unprepared for retirement. A 2019 report by Northwestern Mutual showed that 22% of Americans had less than $5,000 in a retirement fund. The study also found that more than 56% of Americans have no idea how much money they needed to fund their own retirement. Another 45% ominously predicted that they […]
Two in five Americans fear that they will not be able to retire at all, according to a recent survey. Meanwhile one in four Americans has no retirement savings at all, and many more feel that their savings are not on track for a financial secure retirement. Here are a few time-tested tips that will […]
There are many constants in life, but none are more consistent than the steady rise of inflation and the cost of living. If you can retiree on less than $1,800 monthly, here are four small towns that you should consider for retirement. Odessa, Texas Odessa, Texas, is a city of 120,000 people located in the […]
On December 20, 2019, Congress passed legislation enacting sweeping changes to the provisions governing qualified retirement savings plans. The Setting Every Community Up for Retirement Act (SECURE) modifies many existing aspects of retirement plans to address the realities that people are now working and living longer. Some of the more notable provisions of the new […]
