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The Los Angeles County Employees Retirement Association (LACERA) is an independent Los Angeles County agency that administers and manages the retirement fund for the County and outside Districts (Little Lake Cemetery District, Local Agency Formation Commission for the County of Los Angeles, Los Angeles County Office of Education, and South Coast Air Quality Management District).
Many retirees take on caretaking because their family lacks options—a home health care aide or nursing home room are just too expensive. Families are surprised to discover Medicare doesn't cover ...
The inability to pay for long-term care is another major retirement concern, since seven out of 10 people will require this care at some point during their lifetime, according to data from ...
Philadelphia, Pennsylvania. Annual transportation costs: $7,014. New York City is not alone when it comes to Eastern cities bearing higher transportation costs. The annual transportation cost in ...
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What the average American retiree makes. Americans 65 years and older had a median annual income of $50,290 in 2022, according to the latest data froom United States Census Bureau. While this ...
Retirement plans in the United States. Average balances of retirement accounts, for households having such accounts, exceed median net worth across all age groups. For those 65 and over, 11.6% of retirement accounts have balances of at least $1 million, more than twice that of the $407,581 average (shown). Those 65 and over have a median net ...
The number of workers who plan to work full time beyond age 62 dropped to 46%, down from 55% four years ago. Only 31% of workers expect to work beyond 67, down from 36% in 2020. Nearly two ...