Health care in retirement is a big-ticket item. Experts estimate that an average 65-year-old retired couple in 2021 would need about $300,000 in after-tax savings earmarked for health care costs in their post-work life, even with Medicare, according to Fidelity. The totals are daunting, but you can take steps to keep costs as low as possible with the right planning, good insurance choices and a healthy understanding of your conditions [...]

Saving for retirement isn’t always an easy feat — especially when you don’t know where, when or how to start. Often times, it’s only after retirees have left the workforce and are finally spending their savings that they realize there were a few things they could have done differently. Hindsight is 20/20 and while you can’t turn back the clock, you can avoid making some common mistakes that lead to regret when [...]

Beginning in February 2020, America, Canada, and Europe locked down cities, closed businesses, and halted travel amidst the onset of COVID-19. Nearly a year later, we’re still experiencing the pandemic’s global impact in our communities.  A record number of people have applied for unemployment in America since March, and millions are still left jobless, behind on their bills, or struggling to make ends meet. If your hours were reduced, your spouse lost [...]

When it comes to income in retirement, one looming question confronts most individuals: How much money is enough? While the answer to that question in never black-and-white, recent headlines about the solvency of Social Security could be injecting more fear into that dilemma. Last week, the Social Security Administration released its annual trustees report. Its new projections moved up the date for when the fund that pays retirement benefits would [...]

If you don’t wear your hearing aids when you’re playing your favorite sport or working out at the gym, maybe you should reconsider. Today’s hearing aids are more robust and resistant to dust and moisture than they used to be. With a little care and preparation, there’s no reason you can’t wear them during workouts and competition. Here’s why:

Almost two in five Americans plan to work in retirement, according to a recent Transamerica survey. That might not sound like a retirement at all to you, but for those who have been struggling to save as much as they would like for their future, it could be their only choice. But working in retirement doesn't have to be as tedious as working toward retirement. Try these three techniques to [...]