‘I plan on dying [in] my cubicle’: 41-year-old woman owes nearly $125,000 in debt and doesn’t know how she’s going to retire. Here’s what you can do if you’re in the same situation

https://www.msn.com perosnal finance ^ | 4/30/24 | Sabina Wex

[RomanSoldier19]

Fidelity’s 2024 State of Retirement Planning shows that TikToker @my_secrets_untold is part of the “new retirement,” wherein 57% of Americans plan to keep working after retirement — at least part-time.

Of those planning to delay retirement, two-thirds are in the same boat as @my_secrets_untold: they’re doing it out of financial necessity.

Working past 65 will give you a greater safety net because you’ll still have income coming in. You can’t just rely on Social Security, which currently doesn’t offer most retirees enough money to live on — particularly when paying for health care (a major concern for many Fidelity respondents).

Although working past retirement may not sound ideal, 68% of people surveyed by Fidelity said they’re looking forward to it. Many retirees end up feeling aimless and bored after they’ve left the workforce behind.

[EVO X]

https://educationdata.org/how-to-use-student-loans-for-living-expenses#commute-expenses

You can’t buy a car or take a vacation. Transportation costs are allowed such as gas, bus passes and etc. The money can be used to travel when studying abroad. That said, I don’t know how they verify if student loan spending is valid or not.

[hal ogen]

Sucks to be them.