Social Security retirement benefits are an essential part of most retirees’ income planning. The majority of retirees say Social Security is a major source of income for them. It is the primary source of income for half of older adults, according to the Social Security Administration. And for 40% of older Americans, it is their…
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Are you thinking of starting a new business after you retire? If so, you’re not alone. More than half of American small business owners are 50 or over. Starting and running a business comes with challenges, but it can be rewarding for active retirees who want to bring in income while serving their communities. Although…
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Insurance Policies You Need in Retirement – and Some You Probably Don’t NOTE: This page is about general insurance needs in retirement. For more detailed information about healthcare insurance in retirement, please visit our health insurance page. When you retire, your lifestyle suddenly changes. You don’t need to commute to work, and you have newfound…
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Former First Lady Rosalynn Carter said, “There are only four kinds of people in this world: those who have been caregivers; those who are currently caregivers, those who will be caregivers, and those who will need caregivers.” Regardless of your state of health now, the odds are fairly high that you will need some form…
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How long will your retirement last? No one can know, although there are calculators such as the Social Security life-expectancy calculator that can help give you an estimate. But people are living longer than before. Retirees are significantly underestimating their life expectancy, surveys find. Someone who retires at age 65 can expect to live to 85,…
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You may have devoted a lot of time and effort to retirement planning. Maybe you’ve planned and saved diligently for retirement for years, and purchased Medigap coverage to cover medical expenses. But one important area you might have overlooked is dental care. After you retire, your need for good dental health doesn’t go away. In…
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“What are my options for healthcare in retirement?” This is a question many people have. Around 70% of older Americans retire before they are eligible for Medicare, for various reasons. While early retirement has many benefits, there are also some costs. Healthcare is one of the biggest retirement expenses. The majority of employers don’t offer…
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How can you generate income in retirement? Now that you’re no longer receiving a paycheck, you may be concerned with how to replace your salary and cover your expenses. You probably already have some income sources. Social Security is a major source of income for many retirees. For half of retirees it comprises 50% of…
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Is it necessary to keep life insurance for retirees? If you’re retired or soon to be, you may be thinking whether to keep that life insurance policy you’ve had all these years, or to take out a new one. Should you keep life insurance in retirement? We offer some information to help you decide. If…
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