Single Retirement Planning: 6 Tips To Thrive in Your Golden Years

It’s important to start planning as soon as possible, but even if you’re behind, there are steps you can take. Consider contributing a higher percentage of your income to retirement savings accounts and explore ways to cut back on expenses. You may also want to consider working part-time during retirement to supplement your income.

There are government benefits available to low-income single retirees, such as Social Security. You may also want to research tax breaks for single filers and explore retirement communities that offer affordable housing options.

The blog post mentions building a strong social network. This can involve reconnecting with old friends and family, joining social clubs or volunteer groups, or even exploring senior living communities that offer social activities and events, such as Ashiana Senior Living.

Singles may want to consider including long-term care costs in their retirement planning, as they may not have a partner to help with caregiving. Additionally, exploring health insurance options for single retirees is important.

Estate planning is important for everyone, regardless of age or marital status. It’s wise to create a will and power of attorney as soon as possible to ensure your wishes are known in case of your passing.