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The closer you get to 60, the less debt you should have. This could mean selling off a few things or moving to a more affordable area to reduce the stress and the need to keep working late in life.
Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
According to HelpAge International, the non-profit behind the Global AgeWatch Index, nearly 12 percent of the world's population is over 60, and by 2050, that number is expected to rise to 21 percent.
The 60 Plus American Association of Senior Citizens is an American conservative advocacy group founded in 1992 and based in Alexandria, Virginia. Its stated purpose is to promote solutions to seniors' issues that are grounded in free markets , less government , and less taxes. [ 1 ]
At this latter stage in life, however, mortgages tend to be paid off and children tend to be out of school. Fund company Hartford also reports that 60-year-olds pay the least for automobile insurance.
Image source: Getty Images. 1. Calculate your retirement number. The best way to know exactly how much you should save is to calculate your retirement number.To do this, you'll first need to know ...
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