Money Savvy: Retiring when you are single

Whenever we talk about retirement or hear about different retirement plans, there is often the assumption that the retirees in question are a couple.  401(k) brochures tend to show two gray-haired people smiling together as they look out from their lovely vacation home (due to their effective long-term planning). With the marriage rate decreasing in the US and more and more people opting not to choose this traditional course, however, there is a growing group of singles who need to be prepared for their own later years — without the fallback of another income.

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