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Archive for April 2019

Building an Income Stream for Life

When it comes to retirement income streams the pension is no longer as prevalent as it used to be. So what can you do to replace it? Today on Wise Money Michael Andersen discusses some ways you can build your own lifetime income stream.

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The Biggest Hurdle of Retirement: Healthcare

For a lot of us working and saving and planning for retirement, how we will pay for our healthcare, is probably not at the top of our list. This may be in part because of Medicare. Medicare is a social program started in 1965 to insure the American population over the age of 65, who found it difficult to impossible to secure health insurance in their later years. In 1965 the life expectancy was 70 years old. Since then, people have started living a lot longer, and one of the main reasons for that is the use of medications, technology, and surgeries to prolong life and health. A longer life with more medical intervention also costs a lot more which is why Medicare is about 14% of the total federal budget and in 2018, ran up a $583 billion-dollar bill.

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