If you’re between 55 and 64, you still have time to boost your retirement savings. Whether you plan to retire early, late, or never ever, having an adequate amount of money saved can make all the difference, both financially and psychologically. Your focus should be on building out—or catching up, if necessary.
According to the U.S. Census Bureau, the average age of widowhood in the United States is a surprisingly young 59.
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.
Social Security and Medicare are social safety programs that Americans pay into during their working years through taxes.
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