4 Expenses That'll Obliterate Your Finances in Retirement [The Motley Fool]
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: The Motley Fool
Any of these could constitute a major financial blow. Consider yourself warned. Many workers look forward to retirement and the chance to make the most of their newfound free time. But the ability to enjoy that period of life tends to hinge on one major factor: money. And if you don't take steps to prepare for or eliminate certain expenses ahead of time, you're apt to have less of it during your golden years. Here are four expenses in particular that tend to really hurt retirees -- and what you can do about them. 1. Healthcare Healthcare is the one expense that tends to go up for seniors in retirement, especially as they age. And if you're curious as to what it might cost you, you should know that the average 65-year-old man today will spend $189,687 on medical care throughout retirement, while the average 65-year-old woman will spend $214,565. These figures, however, don't account for long-term care. They also clearly aren't negligible, and while knowing what you're in
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News
- 5 surprising long-term care insurance benefits you should know [CBS News]CBS News
- The 5 ‘big money' mistakes retirees (almost) always regret in 2024 [Yahoo! Finance]Yahoo! Finance
- The No. 1 mistake people in their 50s make with their money, according to a CFP—and how to fix it [CNBC]CNBC
- Genworth Financial, Inc. (NYSE: GNW) had its price target raised by analysts at Keefe, Bruyette & Woods from $6.50 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
- CEOs are becoming more optimistic about the future. AI is a big reason why [Yahoo! Finance]Yahoo! Finance
GNW
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/11/24 - Form S-3ASR
- 4/8/24 - Form DEFA14A
- GNW's page on the SEC website