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Whether you rent or own property, one way to help free up some money in your retirement years is to downsize your home. According to the U.S. Census Bureau’s 2022 American Community Survey, 33.3 ...
You can also stretch your retirement income by choosing to retire at age 70. You’ll receive 100% of your benefits at your full retirement age, which is 67 for anyone born after 1960.
As a result, they have to work longer to accumulate more money to supplement their income and no longer see retirement at age 65 as realistic.” High-Interest Debts or Other Expenses
Data from the Federal Reserve’s 2022 Survey of Consumer Finances (SCF) is somewhat better, with the median household retirement account balance for Americans aged 65 to 74 at $200,000.
You can also stretch your retirement income by choosing to retire at age 70. You’ll receive 100% of your benefits at your full retirement age, which is 67 for anyone born after 1960.
Sixty-five has long been the magic age for retirement. But the expected age of retirement is becoming more diverse for the majority of non-retired U.S. adults, according to a Gallup Poll. Twenty ...
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