Most seniors start drawing Social Security as soon as they’re eligible, not knowing that waiting could be beneficial for them and their spouse. If you're healthy and expect a long, fulfilling retirement, you should consider waiting to claim your benefits.
Numerous resources are available to educate a spouse or an aging loved one on the basics of personal finance, retirement planning, investing and more. In fact, some of these learning tools are both practical and enjoyable.
People are living longer in retirement, which means many are at risk of outliving their savings. Retirees who carefully manage their spending are more likely to weather market fluctuations well and make their nest eggs last.
There are undeniable benefits to purchasing an annuity to provide retirement income, but careful planning and consideration are required to find the investment product that is the best fit for your financial situation.