Benefits average around $1,900 to $2,000 per month for a single person and roughly $3,000 to $3,300 for a married couple.

Age 65 is a major transition for many individuals as they shift to thinking about retirement and begin to contemplate ...

Spending patterns change in your 80s. Using federal data, here's what the average retiree spends each month and what it means for retirement planning.

At age 75, a wealthy retiree typically enjoys a lifestyle shaped by decades of financial planning, smart investments and disciplined savings. While retirement spending varies greatly based on ...

Retirees tend to live off a fixed income that’s a mix of Social Security benefits, pensions and various retirement savings accounts. As a result, budgeting is crucial for a fixed income, both to ...

The 4% rule and most retirement calculators often just assume you are going to spend the same inflation-adjusted amount of money for the next 30 years. On the one hand, this is a simple and clean idea ...

It could leave you very short on funds.

Add Yahoo as a preferred source to see more of our stories on Google. blackCAT / Getty Images People’s budgets go through plenty of changes during their lives. For instance, people tend to cut down on ...