Social Security will only suffice in covering about 40% of the average worker's pre-retirement earnings. Healthcare Most seniors expect to spend a bundle on healthcare, but many of today's near-retirees are floored by the latest estimates of what medical needs in retirement might cost. Furthermore, if you're going to hold onto your home in retirement, it's fair to assume that over time, your maintenance expenses will increase. The typical homeowner spends 1% to 4% of their home's value on annual upkeep, but even if you start out around that 2% or 3% mark, there's a good chance you'll hit the high end of that range at some point during retirement. Long-term care Here's some bad news -- that healthcare expense figure doesn't include the cost of long-term care, which an estimated 70% of seniors will need. Step up your savings game Now that you're more aware of the costs you might face in retirement, it's time to ramp up your savings so that you're better equipped to cover them -- because most older workers don't have enough savings to even come close. Furthermore, it's estimated that over 40% of older households have no retirement savings at all. Along these lines, you might consider postponing retirement for a few years to give yourself time to build up that nest egg. Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. You can't go back and buy Amazon 20 years ago… but we've uncovered what our analysts think is the next-best thing: A special stock with mind-boggling growth potential.
We all know by now that we should be increasing the vegetables in our diet. We also know that we can save a ton of money at the grocery store if we grow our own herbs, fruits, and vegetables. But what other benefits are there to gardening, beyond eating what you grow? Here are six surprising reasons to get out into the dirt and perfect your green thumb. (See also: 13 Simple Gardening Skills Anybody Can Master)
1. Fight depression
Gardening may be the key thing to lifting your spirits and battling depression. According to Psychology Today, tending plants can give you a sense of responsibility, provide you with something to nurture, keep you connected to other living things, and help you relax. What’s more, when you exercise by working in the garden, your endorphins rise and your stress levels fall.
2. Cut your risk of Alzheimer’s disease
In a study released by the Journal of Alzheimer’s disease in 2016, researchers found that your risk of Alzheimer’s could be reduced by various physical activities. The study measured the changes in the brain using MRI scans in correlation to increased exercise. It concluded that even low-intensity activities such as walking improved cognitive function by increasing gray matter in the brain. So even though gardening might not be as strenuous as attending a kickboxing…