The average retirement age for both men and women in America has steadily risen in the past 2+ decades (see chart below). The difference being that, while women’s average retirement age has trended upward for all 53 years covered in the chart, men’s retirement age had been declining until the 1980s, where it leveled off for some years before starting to increase a decade later....
The Opportunity Cost
It’s a common goal among parents: in order to provide a more solid financial footing for their child after college, they spare him or her from going deeply into debt by footing the bill. The price is not cheap even to send one child to college; imagine if you had multiple kids – your expenses would run into the hundreds of thousands!...
A Growing Need
Within your Means
Critical advice to remember for retirement security: your retirement lifestyle needs to align with your savings level. Many people assume that once they retire, they'll manage to maintain the same lifestyle they did during their working years. But unless you've saved well, you may need to cut corners to make up for the fact that you're living on a fixed income (and, most likely, a lower one at that)....