Finances 50+

Did you know the average older American takes four to five prescription medications each month? And the average income for a Medicare beneficiary is about $26,000, but the average annual cost for widely used prescription drugs for chronic conditions was nearly $20,000 in 2017!

Whether you're married, divorced or widowed, you may be able to use spousal benefits to increase your monthly Social Security check. Eligibility rules can be confusing. Register for AARP’s special webinar on Social Security and let us help you understand the details.

Find out more about this issue at AARP’s second in a series of free webinars.

Find out what you can already be doing to prepare at our free, two-part webinar.

By Aliya S. King 

Por Aliya S. King 

This Q&A Webinar Offers Tips Anyone Can Use

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Over half of New Jersey workers – 1. 7 million people - do not have access to a retirement savings plan through their employer. [1]  Programs such as Social Security are critical to retirement security but do not provide enough for an individual to depend on during their retirement.  The average Social Security benefit for a 65+ family is about $19,000 a year, though on average older New Jersey families spend $23,000 a year of food, utilities, and health care alone. [2]  The math is clear…..New Jersey families cannot rely on Social Security alone for a secure financial future.