Understanding Retirement Income and Taxes Retirement is a time for relaxation, reflection, and enjoyment of the simple things in life. Having healthy retirement savings...

One benefit of being a senior is that you get to enjoy all the senior discounts that retailers, restaurants, and travel companies offer. These discounts are a company’s way of showing their respect and admiration for senior citizens.

Medicare is a government-run insurance system available to seniors who are no longer working. Most Americans get their healthcare through their employers, so once you retire, you might need to find alternative coverage for help with medical expenses.

While budgeting in retirement, many prefer to spend money on the things they feel that they need and avoid digging into their budget for things that they don’t. Dental insurance for seniors often falls into the latter category, as it’s frequently deemed as an “unnecessary” expense.

After decades of working in a career, retirement offers many seniors the opportunity to relax from the stress of a traditional 9-to-5. However, some seniors may still consider a part-time job for extra income or as a means to pass time.

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.

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.