2832: Are You Alone and Planning for Retirement? Retirement Planning for Singles by Kathleen Coxwell of NewRetirement

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 16 August 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2832: Planning for retirement as a single person offers both unique advantages and challenges. Kathleen Coxwell highlights the importance of addressing long-term health care, establishing reliable income sources, and envisioning how to spend time post-retirement. By considering these factors, singles can create a secure and fulfilling retirement plan tailored to their individual needs. Read along with the original article(s) here: https://www.newretirement.com/retirement/are-you-alone-and-planning-for-retirement-retirement-planning-for-singles/ Quotes to ponder: "Someone who is single doesn’t have to prepare for as long of a retirement as a married couple. A married couple is planning for the longest surviving partner, not just one person." "If you’re married, your spouse can take care of you if something happens but what happens if you’re by yourself? It behooves someone to look into these contingencies." "You may want to consider looking into a nursing home. It really helps for someone to know for certain if something were to happen they have this planned." Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	We love our lacto-free. It tastes just like regular dairy, but without the lactose,
0:05.0	so we've been able to enjoy all of our favorite meals without any worries.
0:09.0	Go and find out more at Aralalacto-free.
0:11.0	C. UK.
0:13.0	This is optimal finance daily.
0:18.3	Are you alone and planning for retirement?
0:21.6	Retirement planning for singles. By Kathleen Coxwell of new retirement.com
0:26.8	and I'm your host and personal finance enthusiasts Diana Merriam.
0:31.1	We're going to jump right into today's post as we optimize your life.
0:35.0	Are you alone and planning for retirement?
0:41.0	Retirement Planning for Singles by Kathleen Cox. and planning for
0:43.2	for singles by Kathleen Coxwell of new retirement.com
0:47.5	a lot of retirement advice skews towards married couples but what about those who are single? Many retirees
0:55.8	today are divorced, widowed, or never married. This means they're doing their
1:00.6	planning for one instead of for two and that they're relying on their
1:04.7	own sources of retirement income rather than those of a spouse. The divorce rate among adults
1:10.6	age 50 and older doubled between 1990 and 2010, found researchers at
1:16.3	Bowling Green State University. And roughly one in four divorces in 2010 occurred among people aged 50 and older.
1:25.0	Planning for retirement when single has its advantages, says David Blanchett,
1:30.0	head of retirement research at Morningstar Investment Management.
1:35.2	He says, quote, someone who's single doesn't have to prepare for as long of retirement as a married
1:41.0	couple.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.