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Many retirees take on caretaking because their family lacks options—a home health care aide or nursing home room are just too expensive. Families are surprised to discover Medicare doesn't cover ...
Food is a significant expense for retirees, with the BLS estimating it accounts for about $411 in monthly spending — or $4,938 annually. By comparison, the average retiree household spends ...
5. Leaving the workforce at a young age. Many retirees who left the workforce before age 62 ultimately regretted the fact that they retired so soon, for a variety of financial reasons. About one ...
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The Alliance for Retired Americans ( ARA) is a 501 (c) (4) non-profit organization and nonpartisan organization of retired trade union members affiliated with the AFL-CIO, which founded it in 2001. The group's membership also includes non-union, community-based activists. Its predecessor organization was known as the National Council of Senior ...
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When Eric Cooper, a 50-year-old early retiree, needed to tap his retirement savings before the age of 59 and a half, he faced the possibility of steep penalties. But he found a way around it using ...