Tag "planning retirement"
Did you know that the average person will be retired for 20 years? That means that you need to have enough savings to provide you with 20 years worth of income.
There are three things in life that you cannot avoid. Namely: taxes, aging, and changes in our society. They will affect us regardless of how we feel about them…
Tweet The average retirement age is around 65 years. This doesn’t mean that your life ends there, in fact, according to the National Institute on Aging in America, you can
Many retirees have some kind of savings that were accumulated over the years; but for low income workers, they may retire with little or no savings, leaving them to rely mainly on Social Security benefits and financial help from loved ones.
If you ask 5 different people to describe retirement to you, you can be guaranteed of 5 different answers. The simple truth is that for various reasons retirement can either be a marvellous never-ending holiday or it can be a tough, stressful day-to-day battle – or somewhere in between.