Retiring Solo: How to Plan When You’re on Your Own

Published On Sep 21, 2024, 5:01 AM

The article discusses the rising trend of 'solo aging,' where individuals, particularly from the baby boomer and Gen X generations, are aging without reliable support from family members. Many are childless or estranged from their children, raising concerns about how they will manage health care, finances, and living arrangements in their later years. Experts recommend that solo agers actively plan for their future, addressing urgent needs before any crises arise. This trend highlights the importance of personalized retirement planning, as the conventional methods may not suit those without familial support.