Even if you’re a perfectly healthy older adult at the present, nobody can anticipate what or when health issues might crop up in the future. For example, you’re more likely to experience a bone break as you get older which may limit your mobility and mean that you require more intensive day-to-day care.
A Complete Guide to Medigap Insurance Plans
Medicare—the federal health insurance program created in 1965—is available to those 65 and older regardless of income, medical history, or health status. Over 15% of the U.S. population relies upon this system for health security and as Baby Boomers turn 65, enrollment is expected to reach 64 million by 2020 and 80 million by 3030, according to AARP.
What is the Average Net Worth of American Retirees?
As you approach retirement, it’s natural to compare your own financial circumstances to the average retirement savings. Seeing how your finances stand in comparison to others in your age group can give you an idea of whether you’re set up for success, or whether you need to start ramping up your savings plan.
5 Common Retirement Challenges & Issues (And How to Prepare for Them)
As you near retirement, you may feel anxious about leaving the workforce and relying on your ongoing retirement Income streams and savings to fund your basic necessities and lifestyle. Especially anxiety-inducing is the advice around what you should have saved for retirement: traditionally $1 million to $1.5 million. According to Gallup.com, 46% of retired Americans report they will not have enough money for retirement.
How Much Do I Need to Retire at 62?
Many Americans have the life-long goal of a comfortable retirement, but don’t know how much it costs to retire or how much they should have saved by the time they leave the workforce. We’re committed to helping seniors live The GoodLife in Retirement, so click on a link below to read about these topics related to planning for your future.
Help for Seniors
The vast majority of Americans are not prepared for retirement (not including those forced into retirement), with as many as 78% of people reporting they’re either “somewhat” or “extremely” concerned about having enough money to live out their retirement years in comfort.
The Top Benefits of Aging in Place
TABLE OF CONTENTS What is aging in place? Why is aging in place important? What are some of the benefits of aging in place at home compared to other living...
20 Things to Do in Retirement When You’re Bored
TABLE OF CONTENTS How can I enjoy retirement? Retirement Hobbies Retirement Boredom Busters Rewarding Retirement Activities Retirement Hobbies for Supplemental Income...
Forced Retirement: Can You Be Forced Into Retirement?
TABLE OF CONTENTS Evaluate your financial health Budget wisely Take advantage of unemployment benefits Look for health insurance Consider a reverse mortgage Search for...
In-Home Care vs Assisted Living Facilities for Seniors
TABLE OF CONTENTS Assisted living Nursing homes In-home care Benefits of elderly living at home What are the costs of different long-term elder living arrangements?...