Will I Outlive my Money? Determining whether you will outlive your money depends on various factors, including your current financial situation, expenses, income sources, and projected lifespan. While I can provide some general considerations, it’s important to consult with a financial advisor who can provide personalized advice based on your specific circumstances. Here are a …
Category: Social Security
Dealing With Reduced Spending Power As A Senior
Economic recessions and recoveries affect retirement and savings accounts. Inflation increases daily living expenses. Whether or not frugal habits are in place, those who are aging and entering the elderly population experience reduced spending power – they have less to spend and must focus on needs first over wants. This can be …
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