You can learn more about the standards we follow in producing accurate, unbiased content in our. While some warn that payments would be jeopardized, a law As conversations continue in Congress regarding the fate of Social Security and Medicare, one other big development has come to light that puts the financial health of seniors nearing retirement age As of November 2021, same-sex couples can qualify for the same Social Security spousal and survivors' benefits as other couples. 100+ Funny Trivia Questions and Answers | Thought Catalog According to a 2014 study conducted byVoucherCloudandpublished by the Los AngelesTimes, one in nine Americansexactly 11 percent of the populationthink HTML is actually a disease. There are limits to how much you can contribute, however. Suzanne is a content marketer, writer, and fact-checker. 50+ random facts - fun facts - Cosmopolitan There was an unknown error. Black and Hispanic workers, and women, are more likely to experience financial insecurity during retirement. Well, at least according to engineering students' scientific endeavor at Purdue University, who used a proprietary "licking machine" rather than a human tongue. acted upon as a complete financial plan. Surprising Retirement Fact - Interesting Facts for Retirees Social Security: 9 Seriously Fun Facts (Really!) - The Motley Fool In more than half of states, the number increased by 46% or more during the same time period. Only 13 states impose state income taxes on all or a portion of your benefits: Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont and West Virginia. Weird But True!: Winter Facts With decades of time for interest to compound, you will have to invest less upfront and have more time to ride out market volatility. That is a lot of fun to be had! 30 Revealing Retirement Statistics & Facts for 2022, most commonly held type of insurance among retirees, 56% of retirees said they would rely on savings, Transamerica Center for Retirement Studies, Ten Key Retirement Statistics Everyone Should Know, Statistics on Retirement Savings in America, Statistics on Personal Finance and Retirement, Facts and Figures on Relocating After Retirement, Interestingly, 15% of respondents in a 2020 survey named Florida as their. Nearly half of all survey respondents (47%) said they think you can be too old to start saving for retirement. When asked which was more important, the leisure activity they were doing or the people they were doing it with, over 60% of respondents in a Merrill Lynch study said who they were doing it with mattered more than the things they were doing in retirement. *. Therefore, its a good idea to think about how you are going to spend your time in retirement. True story: A lifetime Cleveland Browns fan and season ticket holder requested in his obituary for "six Cleveland Browns pallbearers" at his funeral. Its highly recommended that you start saving on time in order to build a large enough nest egg, be proactive, and create an adequate plan for your retirement, which includes finances, health, and other factors.

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