Top Strategies for Financial Security as a Single Retiree
Tuesday, 23 April 2024, 17:00
The Downside of Being a Single Retiree
Being single can be tough financially at any stage of life -- including retirement. There's a big downside to being single -- having no one to split the bills with. Many seniors find that they're forced to live on a lot less money in retirement due to the absence of a paycheck from work.
Ways to Cope with Being on Your Own
- Boost your savings, especially as retirement nears
- Look at relocating to a less expensive area
- Be strategic in claiming Social Security
The good news is that by following these tips, single retirees can enhance their financial security and successfully navigate retirement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.