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Retirement

Trump's plan for Social Security would help baby boomers in the short term and cut benefits for anyone younger

Mon, 11/11/2024 - 13:05

Tech Insider : Economy, Economy, Politics

Photo illustration of Trump with Social Security Card elements. — Getty Images; Jenny Chang-Rodriguez

economy, finance, economy, finance, politics, Trump, election

Medicare coverage will change in 2025. Some boomers are already struggling to keep up with their medical bills.

Tue, 10/22/2024 - 06:03

Tech Insider : Economy, Economy

Illustration of pills and money. — Older Americans can now choose their 2025 Medicare plan. Some are already struggling to pay bills.
Getty Images; Jenny Chang-Rodriguez/BI

economy, finance, economy, finance, Healthcare, Medicare, Medicaid

Meet the 'silver squatters': Adults in their mid-50s who are woefully unprepared for retirement

Mon, 10/21/2024 - 15:52

Tech Insider : Economy

An empty savings jar with a label that says — Nearly half of Gen Xers think they will need to postpone retirement, a Prudential survey found.
iStock; Rebecca Zisser/BI

economy, Retirement, retirement-crisis, gen-x, gen-x-finances, retirement-advice, Boomers

I couldn't afford retirement in the US on $3,000 a month, so I moved abroad. I've lived in 43 countries and am happier.

Mon, 10/21/2024 - 11:24

Tech Insider : Travel

Norman Bour (left) and his wife, Kathleen Plumley (right), enjoying a moment by the Pacific Ocean. — Norman Bour (left) and his wife, Kathleen Plumley (right), enjoying a moment by the Pacific Ocean.
Courtesy of Norman Bour

Travel, boomer, living-abroad, Retirement, Recessions, Savings, social-security

We heard from 1,000 older Americans: Here are some of their biggest regrets

Sun, 10/20/2024 - 06:03

Tech Insider : Economy

Person looking out. — Older Americans said they wished they had saved more for their retirement and emergencies.
Getty Images; Jenny Chang-Rodriguez/BI

economy, finance, Retirement, regrets, Saving, Career, Aging

I quit my job to look after my grandchildren. My son initially paid me $10 an hour, but now I gladly do it for free.

Thu, 10/17/2024 - 09:12

A grandmother embraces her granddaughter outdoors. They're both smiling. — A grandmother (not pictured) said being paid to look after her grandchild made her feel like an "employee."
Oliver Rossi/Getty images

Parenting, as-told-to, Generations, Childcare, Family, grandparents, Careers

We traded our condo in a walkable city for a big house in the suburbs after we retired. It's been great for us and our grandkids.

Wed, 10/16/2024 - 11:45

A runner on the Arlington Memorial Bridge over the Potomac River — We loved living close to Washington, DC.
Jason Edwards/Getty Images

Real Estate, freelancer-le, upsizing, Retired, Retirement, Moving, evergreen-story

An expat in Panama explains what movers can expect to pay and the pros and cons of raising kids abroad

Tue, 10/15/2024 - 12:49

Tech Insider : Economy

View from the Baha'i temple above Panama City. — Mac Davidson moved to Panama City nearly a decade ago.
Mac Davidson

Real Estate, economy, Panama, Retirement, Moving, cost-of-living, cheaper

Meet these retired sisters in their 60s who live on cruises full-time. They've already spent over 1,500 days at sea.

Mon, 10/14/2024 - 15:14

Tech Insider : Travel

Photo collage featuring a cruise ship at sea, a home with a 'sold' sign, a pile of money, and a rear view of two sisters embracing — Getty Images; Alyssa Powell/BI

Travel, freelancer-le, Cruise, Cruises, Retired, Retirement, evergreen-story

I'm on track to retire at 45. I started my career earning only $26,000 and followed this 4-phase plan.

Mon, 10/14/2024 - 05:05

Annie Cole invests around $45,000 every year.

Courtesy of Annie Cole

finance, as-told-to, BI-freelancer, contributor-2024, lauryn-haas, fire, barista-fire

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