Retiring Single: 5 Strategies to Consider

(StatePoint) Planning on retiring single? You aren’t alone. Nearly 22 million Americans age 65 and older were unmarried in 2019, according to the U.S. Census Bureau, representing 41.5% of those in that age category. And for women, it’s more likely to be the case. According to the Administration on Aging, 54% of older women are unmarried, as compared to 30% of older men.

“Retirement planning can be especially challenging for singles, who need to prepare without the decision-making and income support of a partner,” says Scott Pedvis, financial advisor, Wells Fargo Advisors.

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