1 in 5 over 85 Dies Broke
For those nearing retirement, the median savings is just $14,500. Does that sound like it’s enough to last the rest of your life? Probably not. Which is also probably why, while the title for this article is shocking enough, those who died between the ages of 50 and 64 are actually worse off than those who made it to 85. If you’re still working (and as mentioned in Monday’s article, there’s a growing chance you are, for positive reasons), keep in mind — you should still be saving at least something. NBC News reports the latest data from the University of Michigan’s Health and Retirement Study.
3 Discounts for You
You may not be enthralled with the prospect of aging, but as they say in the military — RHIP (Rank Has Its Privileges). Certain discounts become available to you as you get older, and you shouldn’t hesitate to take advantage of them. Selena Maranjian, Sean Williams, and Matt Frankel cover the many discounts available through AARP, travel and vacation deals, and shopping and dining deals over at the Motley Fool. Check out their article for some specific recommendations, then, with those in mind, you’ll have an idea of what to look for at your favorite locations.