Older workers who were pushed out of their jobs the first month of the pandemic found it difficult to find another job.
Although there is a low unemployment rate, older workers still find it more difficult than younger workers to find a new job, and often a new position will pay less than their previous role.
When you’re that close to retirement and you lose a few years of earning, you also lose crucial pension and retirement contributions
Only 7% of retirees wait until age 70 to claim Social Security. But those who wait until 70 will be eligible for around 32% more in monthly benefits, depending on when they were born.
One of the easiest ways to manage an unexpected retirement is to learn to live with a little less space. The U.S. housing market is red hot right now so if you own a home.
Residents in nine states — Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming — pay no income taxes.