It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
The number of Americans living past 100, or centenarians, is expected to quadruple by 2054. This poses a financial challenge as people now need to fund longer retirements. Experts recommend working past 65, saving as much and as early as possible, and exploring other income sources such as part-time work or annuities.
Inflation is slowing, which means Social Security checks may not increase as much in the future. To prepare, retirees can:
* Earmark extra cash to stash away for emergencies.
* Take advantage of higher interest rates on savings accounts and certificates of deposit.
* Review monthly expenses and cut back where possible.
* Consider investments, such as annuities, to supplement income.
* Seek guidance from a financial advisor to plan for retirement needs.
