As more baby boomers reach the typical retirement age in good health, the very notion of a “typical retirement age” is becoming harder to pin down. In fact, the percentage of those aged 65 and older in the workforce has grown by 117% over the last two decades, a trend that’s set to continue for the foreseeable future….
oday, American households headed by individuals between the ages of 35 and 64 are running $3.83 trillion short of the amount they need to safely carry them through their post-working life, according to new data by the Employee Benefit Research Institute. However, the last time EBRI ran the numbers, in 2014, those families were $4.44 trillion behind. So in a “glass half full” kind of way, that can be considered a significant improvement….
Most baby boomers are either unprepared or haven't planned for a long-term care expense, according to a Bankers Life survey of 1,500 middle-income Americans aged 54 to 72. In fact, boomers were more likely to plan for their death than have a long-term care plan…
Retirees often labor under a misconception that Medicare is all they will need to take care of their health in retirement. Which is why it may come as a surprise that Medicare does not cover basic dental expenses we are used to receiving during our working years….