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According to a 2014 Forbes article, married couples over age 65 have a median yearly income of $44,718. Forbes reports that individuals 65 and older have a median annual income of $25,757. The calculation includes all sources of income, including government assistance, disability, Social Security, pensions, IRAs or 401(k) plans.
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Many people want to retire with enough money to last through their post-employment years. With the cost of living rising every year.
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Many retired couples budget for travel expenses. Many people want to retire from their full-time jobs when they are in their 50s.
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The Social Security Administration estimates that a retiree needs about 70 percent of preretirement income for retirement. Social Security retirement provides about.
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