Take a look at the size of benefits for Social Security recipients with a full retirement age of 66 who file for benefits in 2015.
The Senior Citizens League’s “2015 Survey of Senior Costs” showed a dramatic drop in inflation over the past year, due mostly to falling oil prices.
When you’re a senior, the talk is more likely to mean letting your family know your concerns and wishes for end-of-life care.
For seniors, your retirement benefits from Social Security are likely to be the best annuity payments you receive.
The temptation to retire early has to be vetted with a thorough financial plan that considers the expected and unexpected retirement income needs of the retiree.
Now’s the time to consider other ways to reduce future required minimum distributions (RMDs) too, such as Roth conversions and purchase of a qualified longevity annuity contract.
Considering health care costs, a long-term care strategy and managing longevity risk, the goal of not running out of retirement income requires a lot of financial planning.
Moving to The Villages, the fastest-growing retirement community in the U.S., requires a healthy retirement income.
What I’m not sure if we should admire Read for the size of his estate or feel sorry for him because he didn’t use his wealth during his lifetime for life goals.
If your children moved away from where they were raised, you may want to consider following them in retirement.