Millions of Americans face a widening retirement savings gap. Despite new tax incentives and employer programs, many workers struggle to balance everyday expenses with long-term financial planning for retirement.
Rising healthcare costs are among retirees’ biggest financial concerns. Planning for Medicare, supplemental insurance, and potential long-term care needs is essential to maintaining financial security in later life.
Annuities offer guaranteed lifetime income but come with fees and limitations. Experts advise evaluating risk tolerance, liquidity needs, and market conditions before relying on annuities for retirement security.
