The 2024 Policygenius survey shows 79% of Americans struggle to define annuities despite record sales, highlighting a crucial need for enhanced financial education and advisor transparency in the U.S. insurance market.
Explore how evolving 401(k) plan features like flexible withdrawals and annuity options are shaping retirement income strategies amid changing demographics and regulations.
Explore why health insurance is crucial for retirees facing increased healthcare needs, including preventive care and costly treatments. Understand implications for insurers and providers.
After losing his GM pension and healthcare coverage following the 2012 bankruptcy, Army veteran Edmund Bambas raised over $1.7 million through a viral fundraiser to support his retirement.
An 88-year-old Michigan grocery store worker receives $1.77 million from a social media fundraiser after losing his GM pension. Highlights challenges in pension and retirement security.
Many retirees spend only 2% of their savings annually, half the recommended 4% withdrawal rate, potentially limiting retirement enjoyment. Understanding retirement phases and adjusting spending can enhance retirees’ quality of life.
Explore nine U.S. cities where retirees can enjoy a cost of living and housing affordability comparable to retirement in Mexico, without leaving the country. Discover key budget-friendly retirement destinations with excellent healthcare and lifestyle benefits.
Ed Bambas, a retired GM employee and Army veteran, received nearly $1.8 million through a viral GoFundMe campaign after facing pension and healthcare challenges post-GM bankruptcy. This case underscores issues in pension management and the role of social media in retirement funding.
Explore top senior discounts at retailers and restaurants plus financial tools to boost savings and retirement planning strategies for seniors.
A new study reveals one in four Americans rank extreme weather and rising insurance costs among top retirement risks, while many lack proper financial strategies. Rising homeowner insurance premiums reflect increasing climate-related claims, affecting coverage and affordability. Experts urge integrated planning for these emerging risks.
