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Housing costs are the biggest threat to many seniors’ retirement accounts as almost 40% of people 80 and up pay at least 30% of their income on either rent or mortgage monthly payments ...
For retirees living on a fixed income, while you might have more leisure time at this stage of life, it can be difficult if you don't have enough funds to make your retirement feel easy in other ...
While many folks might have paid off their homes before retirement, more than 11 million Americans ages 65 and older spend more than 30% of their household income on housing costs, according to ...
Car Insurance and gas: $250. Groceries: $250. Dining out: $200. Healthcare and prescriptions: $600. Miscellaneous: $500. Tracking her spending before retirement gave Clark the info she needed to ...
You have $75,000 left on your mortgage with a 3.25% interest rate and pay $732 monthly. You could refinance to a 30-year mortgage with a 7.5% interest rate and pay $524 monthly, over $200 in ...
5 top retirement income strategies. 1. Bonds and dividend stocks. Investing in bonds and dividend stocks can create a stable retirement income. Bonds provide regular interest payments, and ...
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