I am 62, not married and do not have any children. Do I need to be doing anything special with my retirement planning?
Turning 65 is a major milestone for many Americans, as it is the traditional age at which they start thinking seriously about retirement.
Social Security benefits have long been a critical part of Americans’ retirement income plans. After all, the monthly benefits provide a stream of income that is adjusted for inflation annually and can’t be outlived. With the decline of pensions and increasing life spans, Social Security is now playing a larger role in shoring up retirees’ nest eggs.
For some savers, the appeal of moving assets to a Roth individual retirement account often stems from the tax-free income it will deliver in their golden years.
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