According to the National Council on Aging, more than 13 million older adults are considered economically insecure, living on less than $22,000 a year.
At 60, retirement is so close you can actually taste it, but you haven’t saved enough and you know unless you win the lottery there will never be a million dollars in your bank account, so what can you do?
According to Fidelity most workers should aim to save at least 8 times their ending salary in order to meet basic income needs in retirement.
To be on schedule for retirement, at age 45 you should have 3 times your salary saved.
Credit scores are a quick and easy method for creditors to judge you as a potential customer.
The three large reporting companies, TransUnion, Equifax, and Experian, will provide you with an annual free copy of your credit report, but you must ask for it.
According to a survey by Bankrate.com last summer, Boomers are retiring at the worst time in a generation.
The youngest of the Boomers turn 50 this year and are the tail end of this demographic group.
When you employ someone to work in your home you are required to pay Social Security and Medicare taxes on their wages.
Almost half of all elderly unmarried females rely on Social Security for 90% or more of their income.