Increasingly, people are working past retirement age. That’s a good thing for the US economy, as long as employers are able to make it easier and more fulfilling for them to get jobs.
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When we think about retirement, many of us are wired to assume that our costs will naturally drop as a result of no longer working. But we may be overestimating the extent to which that might happen. While it’s true that some expenses, like commuting, go down in retirement, others are, in fact, likely to climb. Here are five in particular that tend to catch retirees off guard.
Continue reading “Retirement Expenses Most People Underestimate” »
Are you better off filing for Social Security benefits as soon as you hit age 62, waiting until full retirement age, or holding off even longer? Choosing the right time to file can help maximize the benefits you receive.
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Worried about retirement? You’re not alone. A large number of workers nearing the end of their careers are learning the hard way that retirement is expensive and that most older Americans simply aren’t prepared. If you’re thinking of retiring in the not-so-distant future, here are a few facts you should be aware of.
Continue reading “Retirement Stats Every Baby Boomer Should Know” »
Social Security plays a major role in ensuring the financial well-being of our nation’s retired workforce. The latest survey from national pollster Gallup found that almost 60% of all seniors rely on their Social Security checks to be a “major” contributor of their monthly income, while another 28% expect their benefits check to be a “minor” source of monthly income. That’s nearly nine in 10 retired workers who could be in financial trouble if Social Security weren’t there for them.
Continue reading “Potential Social Security Compromises Donald Trump Could Make as President” »