These days, more retirees are actually carrying mortgage debt into retirement. About half of all retirees ages 65 to 69 were mortgage-free in 2015, down from nearly 60% in 2000, according to mortgage giant Fannie Mae. So is carrying a mortgage into retirement is right for you?…
Women, Healthcare and Retirement Planning
Factoring in rising health care costs is an essential part of the retirement planning equation. It takes even more priority for women, who face higher healthcare expenses as they grow older. A 2016 report from HealthView Services found that a 65-year-old woman retiring now will spend approximately $314,673 on healthcare in retirement….
Hitting Record Highs
The Retiree Budget
According to the latest Bureau of Labor Statistics data, which is based on 2016 figures, “older households” — defined as those run by someone 65 and older — spend an average of $45,756 per year, or roughly $3,800 a month. That’s about $1,000 less than the monthly average spent by all U.S. households combined.…