Part-Time Work Shrinks Retirement Savings Gap | Business and Finance News

Retiring solo? It’s tougher than you think — but part-time work can slash your savings gap. New data reveals that nearly 30% of seniors live alone, especially women who tend to outlive men. A modest $10K in annual part-time income during the first decade of retirement can dramatically lower how much you need saved to maintain a comfortable lifestyle — covering travel, dining, and more. Housing costs, especially rent and utilities, vary wildly by state, making part-time income even more impactful in high-cost areas. Using the trusted 4% withdrawal rule, researchers found that every dollar earned from work directly reduces your savings target — turning retirement from a gamble into a more manageable plan. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8913a5ce9878c9f6