Tag: retirement
Most retirees manage to get by on less than they earned as workers. Yet they devote a much larger percentage of their income to medical care than working people. To limit their annual spending on care, retirees usually buy some type of insurance policy to help pay the bills Medicare does not cover. But a…
The U.S. Social Security Administration reported a few years ago that half of retirees get at least half of their income from their monthly checks. For lower-income retirees, the benefits constitute almost all of their income. Yet Americans have only a vague understanding of how this crucial program works – one of many obstacles on…
