Regardless of how young or old you feel at 64, you should make sure to sign up for Medicare. The sign-up period will be here before you know it.
When retirement funds are drawn down, they impede the progress of retirement planning, even if the money is later restored.
Seniors got a little good news this fall. Next year, monthly Social Security income payments to retirees will increase by 2.0%.
You may be shocked to learn that part of your Social Security income could be taxed. If your provisional income exceeds a certain level, that will happen.
The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently.
The average 65-year-old retiring couple can now expect to pay more than $250,000 in health care expenses during the rest of their lives.