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A recent study highlights how cognitive decline can cost seniors a staggering amount of money –$31,000 on average – due to poor investment decisions or falling for scams.
The 2024 Retirement Confidence Survey by the Employee Benefit Research Institute (EBRI) found that while workers often plan to retire around age 65, many end up retiring earlier, with a median ...
Planning for retirement is one of the hardest money issues people face, as the uncertainties of dealing with a goal that's years or even decades away are hard to navigate. In this edition of our ...
All the seniors in the video advise younger people to keep working and not retire early — to ensure their savings can grow. Many of the featured seniors have ended up going back to work or ...
Older workers who have wobbly and inadequate retirement plans have less leverage when looking for jobs and accepting offers. Bad pensions lead to lower bargaining power.
Seniors should also think of how they plan to pay for long-term care since those costs are tax deductible so paying for them out of a traditional IRA account may be better.
Roughly 60% of those retirees say doing so has significantly improved their retirement years. Unexpected retirement For some retirees, retirement itself can prove a major challenge, the report said.
Delaying retirement is a financial necessity for some seniors, while for others it's a way to stay engaged and productive. No matter the reason, Americans today are staying in the workforce longer...
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