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Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.

3 min

What is premature closure of senior citizen account?

In a 2025 financial report, nearly 1.2 million tax returns reported over $1.5 billion in penalties due to early withdrawals from retirement accounts. This highlights a crucial financial issue for many retirees, and prompts the question: **What is premature closure of senior citizen account?**. It refers to the action of closing a designated savings or investment account before its predetermined maturity period expires, which can result in penalties and loss of accrued interest.

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4 min

What is the lock-in period for retirement funds?

According to the National Institute on Retirement Security, nearly 40% of older Americans rely solely on Social Security for their income in retirement. To build a more secure future, many people invest in private retirement funds, but these often come with specific rules regarding withdrawals. Understanding what is the lock-in period for retirement funds is a crucial part of your financial planning, ensuring you know when and how you can access your hard-earned savings.

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2 min

Are Senior Living Centers Profitable? An In-Depth Financial Analysis

With the senior living industry estimated to be worth over $180 billion in 2023, the question of whether **are senior living centers profitable** is central to investors and operators alike. The reality is nuanced, hinging on a complex balance of revenue streams, operational costs, and critical management strategies.

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4 min

Should I use CPF to invest in T-bills for a secure retirement?

Recent market data shows that T-bill yields can sometimes exceed the default interest rate of the CPF Ordinary Account. However, before using your retirement savings, it's crucial to evaluate if you should I use CPF to invest in T-bills as part of your financial strategy.

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5 min

How much silver do I need to retire? A Practical Guide

According to investment data, silver prices have demonstrated higher volatility than gold over the past few years, offering both risk and opportunity. Deciding how much silver do I need to retire is not about a fixed amount, but about strategically integrating it into a diversified plan.

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3 min

What is the RMD factor for age 73 and how is it calculated?

According to the IRS, for a retirement account holder who turns 73 in the current year, the life expectancy factor is 26.5. This factor is critical for answering the question, "What is the RMD factor for age 73?", and is used to determine the minimum amount you must withdraw from your tax-deferred retirement accounts annually, such as a traditional IRA or 401(k).

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5 min

What is the retirement rule of 70? Estimating your financial growth

Fact: The power of compounding interest can significantly accelerate wealth accumulation over time. The **retirement rule of 70** is a straightforward and practical formula that helps you harness this concept, offering a quick and easy way to estimate how long it will take for your investments to double in value.

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5 min

Which bank is giving the highest interest rate on fixed deposit for seniors?

Senior citizens often receive higher interest rates, with many banks offering an additional 0.50% or more over standard rates. Choosing wisely is crucial for maximizing retirement income, making it important to research which bank is giving the highest interest rate on fixed deposit for seniors.

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