With longer lifespans and a growing desire to age in place, today’s seniors face a host of financial challenges.
According to a 2015 Wells Fargo survey, Americans age 60 or older have saved a median of $50,000 for retirement. However, there are ways to boost your retirement withdrawals or Social Security checks. Here are three ways that seniors can supplement a fixed income without taking on new work.
Take advantage of your life insurance policy
If you’ve paid life insurance premiums for decades, it might be time to make your policy work for you. Whether you need quick cash, or …read more