It was inevitable, we all knew another security breach would be coming, but this one is bigger than previous ones. Equifax recently disclosed that they were the latest victims of a data breach. Almost half of Americans have had their personal data stolen. This includes Social Security numbers, names, addresses and birth dates. USA Today recently discussed a general identity theft protection plan to follow.
When saving for retirement, most people think about how they wish to spend their money. Do they wish to travel a lot? Downsize on their home? However, one of the biggest growing expenses are health care costs in retirement. In fact, a 65 year old couple retiring today will likely spend $275,000 to cover their anticipated expenses. Market Watch recently came up some suggestions how you can best prepare yourself for them.
Planning for retirement can be fun and exciting but it can also be stressful and overwhelming. According to Time, there are actually many mistakes that even the most successful and brightest people make when planning for their future. Breaking down a retirement plan into several components, helps to create the best individualized plan for you.