The most affordable places to retire

One of the biggest misconceptions people saving for retirement have is that Social Security alone will cover basic expenses later in life, like housing, healthcare, and food. The reality? Not so much. There are nearly 44 million retired Americans currently collecting Social Security benefits, but the actual dollar amounts might not be what you’d expect. […]

What’s the difference between stocks, savings, and annuities?

Saving and investing for retirement is a massive topic, and the fact that everyone’s situation is different means longevity planning isn’t one-size-fits-all. While we can’t give you personalized financial advice, we can provide an overview of common longevity planning products, including stocks, savings accounts, and longevity annuities, such as AgeUp. We’ll also cover the benefits […]

You haven’t saved enough for retirement. Now what?

Due in part to the financial crisis in 2008 and COVID-related market dips, many baby boomers are approaching retirement with smaller nest eggs than they’d like. If you find yourself behind on savings and short on years before retirement, don’t give up hope. It may take some work and a bit of sacrifice, but there […]

Why you may need an annuity now more than ever

As anyone who scans the financial news will know, the stock market can be volatile. In the Panic of 1907, the value of the New York Stock Exchange dropped by 50%. In the three years after the Wall Street Crash of 1929, the Dow Jones Industrial Average lost 89% of its value. On Black Monday […]

What you need to know about your parents’ finances (and how to ask)

Talking to your parents about their finances likely isn’t at the top of your to-do list. In fact, it probably isn’t even on your to-do list. After all, your parents’ finances are none of your business, right? Wrong. There’s a good chance you will have to become involved in your parents’ financial lives as they […]

Where did all the pensions go?

The year is 1980… Ronald Reagan was just elected president of the United States, the Atari 2600 is state of the art, and if you’re an American worker, you probably have a company pension. In the early 1980s, pensions were the only retirement benefit for 60% of private sector employees. And now? That number is […]

The looming longevity crisis

Back when Social Security was created in 1935, the average life expectancy in the U.S. was only 61 years, and just 6% of Americans were age 65 or older. The good news? Today, 15% of us are 65+, and that number is expected to pass 22% by 2050. Not only are more of us living […]

When to start Social Security retirement benefits

If you’re eligible for Social Security retirement benefits, you have an important choice to make. Should you take the early retirement or wait as long as you can? If you’re approaching that decision, a MassMutual survey, done in collaboration with AgeFriendly.com, may give you something extra to think about. You can start receiving reduced Social […]

The downside of not dying

At AgeUp, we’re huge fans of not dying. It’s great. So great, in fact, that you might think there’s no downside. Not to be a bunch of Debbie Downers, but if every cloud has a silver lining, then at least some silver linings have clouds. And in this case, the storm cloud hovering over a […]