This is scary stuff. Medicare is critical if you want to retire. Without it most boomers and seniors would have crippling medical costs in retirement. Privatizing Medicare is NOT a solution. It would save the government money but throw the risk, and increasing costs, back on the recipients. And it's not broke! Don't break it!
Working past 60? Be prepared to get shortchanged on your Social Security benefit. You’ll be pouring in thousands of dollars in contributions and getting only a few extra dollars a month. This is an old problem, but now it’s easy to see exactly how it affects you and what a change in your earnings history would do to your benefit.
Many people wind up retiring earlier than they planned, due to health or job reasons. Here's how to prepare your finances for that possibility.
One option for making some extra money in retirement is to work as a real estate agent.
One of the confusing things about planning for retirement is trying to figure out how long it will last. It's as if I was crouched at the start of a race without any idea how long the race will be. If it's going to be short, maybe I should sprint for it and not worry too much about running out of energy. But if it's going to be a marathon I'll want to nurse my resources and watch them carefully so I don't run out too soon. But getting some idea how long the race will be means figuring out my life expectancy.