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Episode 2832:

Planning for retirement as a single person offers both unique advantages and challenges. Kathleen Coxwell highlights the importance of addressing long-term health care, establishing reliable income sources, and envisioning how to spend time post-retirement. By considering these factors, singles can create a secure and fulfilling retirement plan tailored to their individual needs.

Read along with the original article(s) here: https://www.newretirement.com/retirement/are-you-alone-and-planning-for-retirement-retirement-planning-for-singles/

Quotes to ponder:

"Someone who is single doesn’t have to prepare for as long of a retirement as a married couple. A married couple is planning for the longest surviving partner, not just one person."

"If you’re married, your spouse can take care of you if something happens but what happens if you’re by yourself? It behooves someone to look into these contingencies."

"You may want to consider looking into a nursing home. It really helps for someone to know for certain if something were to happen they have this planned."

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Get To The Heart Of It - #142