Retirement for Singles

Midland National Blog retirement for singles

As an increasing number of Americans, especially women, are single upon reaching retirement age, old retirement best practices must be reevaluated. Despite what one might think, a single individual’s living expenses are not necessarily equivalent to half of a couple’s. You have to consider changes to life insurance policies and joint retirement accounts in instances of divorce, and fewer tax breaks for single filers.

 Relying on a single income or single set of benefits in retirement can be a severe financial strain if you have not planned ahead – so with 35 percent of single men and 49 percent of single women entering retirement financially unprepared, it is important to be aware of the unique options and obstacles that face single retirees.

Read more at The Wall Street Journal

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