Part 1/7:
Understanding Retirement for Singles with Pensions
Retirement planning can be complex, particularly for those who are single and rely on a pension. As we dive into this topic, we’ll outline key factors and considerations specifically for single retirees, emphasizing the unique challenges they face compared to their married counterparts.
The Pension Landscape
Only about 20% of Americans have pensions, a critical source of income for many retirees. Among this group, a mere 2% possess both a pension and a net worth exceeding one million dollars. This demographic, often overlooked in retirement discussions, requires tailored strategies that account for their unique financial landscape.