Retired households spend an average of $40,938 per year, according to the most recent Consumer Expenditure Survey conducted by the U.S. Bureau of Labor Statistics. Below is a little more color on how much it costs for retirees to live in U.S. and on what they spend their savings...

An interesting tidbit from Time Money below. On one hand, great to see that household investable assets grew so robustly. On the other hand, the reason for the growth in retirement assets for the over 65 crowd tells me that overall, people are still smarting from the 2008-2009 crash and have delayed retirement because of it...

Looking for some last minute ideas to save on this year’s tax bill? Here are a few of options from an article posted at Fidelity for all you procrastinators out there...

The average household that’s approaching retirement, ages 55 to 64, has just $110,000 socked away in retirement accounts...