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retirement savings
Only 8.7% Wait Until Age 70 for Social Security—Here’s Why It Could Mean Thousands More Every Year
- calendar_month Wednesday, 29 Jul 2026
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Key Takeaways Social Security benefits can be claimed as early as age 62, but each year you delay receiving them increases your monthly payment—up to age 70. In 2024, the average monthly benefit for those who waited until 70 was $3,235, which is $1,900 more than if they had started at 62. Waiting often makes […]
Millions of Future Retirees May Underestimate Health Care Costs by Thousands of Dollars
- calendar_month Tuesday, 28 Jul 2026
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New data on health care costs for seniors might mean it’s time to revisit your retirement plan. According to a recent estimate from Fidelity Investments, health care costs are expected to rise significantly, and these expenses could quickly eat into retirement savings. The 25th annual Retiree Health Care Cost Estimate suggests that a 65-year-old who […]
