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Here’s Exactly How Much Retiree Households Spend in a Year

Rocketclips, Inc. / Shutterstock.comHow much does it cost to get by in retirement? Not a whole lot less than it does before retirement. U.S. households led by someone who is 65 or older spend $57,818 a year, on average. That’s according to federal data on consumer spending for the latest calendar year available, which is 2022. By comparison, the average across all households is $72,967. So, where is all that money going every golden…

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Money

People Say This Is No. 1 on Their Retirement Bucket List

Perfect Wave / Shutterstock.comPeople often have a “bucket list” of things they would like to achieve or experience in retirement. For some, it could be a dream vacation. Others might want to build a business of their own or overhaul their house. But 57% of people have a more modest goal: to find a new hobby. Discovering a new pastime was the top retirement bucket-list item in a recent Forbes Health survey of 2,000 U.S. adults.

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Money

3 Telltale Signs of Imminent Heart Trouble

Africa Studio / Shutterstock.comMany people — especially those 40 and older — worry about the risk of having something go wrong with their heart. But do you know the key signs that indicate that sudden cardiac arrest might be imminent? Recently, researchers at the Smidt Heart Institute at Cedars-Sinai conducted a study and discovered that half of people who experienced a sudden cardiac arrest also felt a key symptom 24 hours…

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Money

8 Products To Help You Sleep on Your Next Flight

New Africa / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend. Do you have a tough time falling asleep on airplanes? Not to worry: We’ve rounded up an array of innovative products to help you catch some z’s the next time you take to the friendly skies. Note that although the prices you see…

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Money

12 Places Where Home Sellers Are Losing Money Now

AJR_photo / Shutterstock.comSome of today’s home sellers are facing a new and unpleasant reality: They are losing money. To be sure, most sellers nationwide “are still reaping significant financial gains,” according to a new Redfin analysis. Just 3% of homeowners who sold their property during the three months ending July 31 received less money than they originally paid. But in a few of the 50 largest U.S. housing markets…

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Money

Money in a Minute for the Week Ending Sept. 2

Freeman / Money Talks NewsEvery Friday I recap “news you can use” from the week: a handful of quotes from major (and often expensive) news sources, so you can stay up to date on the news that affects your money without spending a dime and in less than a minute. Here’s an overview of what happened this week. China’s Worsening Economic Slowdown Is Rippling Across the Globe (Aug. 27, Bloomberg) China’s economy was meant to…

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Money

7 Tips for Decluttering Sentimental Items

candy candy / Shutterstock.comLast autumn, my family and I began preparing for an estate sale. My mom had decided to downsize, sell the family home and liquidate a lifetime’s worth of possessions. The hardest part was letting go of mementos, those objects large and small connected to decades of family history. Though hard choices had to be made, we gave ourselves time and space to make them. In the end…

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Money

Retirement, Real Estate and I Bonds: We Answer Your Questions

Aaron Freeman / Money Talks NewsEditor’s Note: This episode initially aired on December 1, 2022. It may contain some details that are out of date. Stacy’s been offering money guidance for 42 years: 10 as a financial adviser and 32 as a personal finance reporter. Miranda’s been writing and podcasting about money since 2005. But they still learn more every day. We hope you want to learn new things, too! And that’s why we…

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Money

5 of the Best Medicare Advantage Plans, According to Members

oneinchpunch / Shutterstock.comMedicare Advantage plan availability can vary from one area to the next — and so can customer satisfaction with these health insurance plans, judging by a recent ranking. J.D. Power’s U.S. Medicare Advantage Study is in its ninth year but was redesigned for 2023 to focus on the largest plans available in five of the largest states. In each of those states, a different plan ranked No. 1.

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Money

Half of Us Can’t Afford Retirement. Start with These 5 Moves

Kzenon / Shutterstock.comAdvertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend. Everyone knows there’s a retirement crisis in America, but it might be worse than you think. Did you know that half of Americans won’t be financially ready when it’s time to retire? That’s the word from Boston College’s Center for…

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