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Meet the Retireless

  A LOOK AT 75-PLUS WORKERS These days there are many people in their 50s and 60s who are forced to delay their retirement, but what about those who are over 70?  It turns out that the number of people 75-and-over who are still working has grown significantly in the last two decades.     In fact, estimates put the number of 75-plus workers at 1.3 million.  That may not be a big sector of the workforce, but still worth...

Baby Boomers and the Digital Era

Did you know that adults 50+ are the fastest growing demographic on the internet?  Or that adults 65+ make up over 50% of all internet users?  This infographic from Koeppel Direct examines how older generations have adopted the social media, mobile phones, email, and the web.  Double-click on the visual to enlarge.    ...

Retire Inspired

  IT’S NOT AN AGE, IT’S A FINANCIAL NUMBER At least that’s what Chris Hogan says.  And he should know. When you hear the word retirement, you probably don’t imagine yourself scrambling to pay your bills in your golden years. But for too many Americans, that’s the fate that awaits unless they take steps now to plan for the future. Whether you’re twenty-five and starting your first job or fifty-five and watching the career clock start to wind down, Hogan...

Then and Now: Medicare and the 1950s

REMINISCING ABOUT THEN… Did you know 1950 and 1951 were considered ‘common years’?  Well, the reality is there was nothing ‘common’ about them. If you were one of the 7.2 million children born during 1950-1951, you were born into the fastest changes in the US in over 2 decades.  Your birth during one of these two years contributed to the world population of around 2,556 billion people and was marked by the 50th year of the 20th century. During...

Medicare Open Enrollment Made Clear

OPEN ENROLLMENT 2016 IS HERE. According to a recent survey by United Healthcare, one in five (that’s 20%) of Medicare beneficiaries describe Medicare open enrollment as confusing.  Even worse, most survey respondents couldn’t clearly identify what is covered by Medicare Parts A, B, C and D. Considering that Medicare open enrollment starts on October 15 and runs through December 7, these statistics are pretty serious.  How can you make informed decisions about your healthcare coverage if you don’t understand it?...

Retiring Abroad – Can You Afford It?

AMERICANS RETIRING ABROAD: The decision to retire abroad requires you to take several unique factors into consideration.  The Social Security Administration allows eligible individuals living outside of the United States to collect Social Security retirement payments. There are exceptions to the rule, however. In addition, the IRS expects Americans to pay taxes on income earned anywhere in the world. You’ll also need to consider the implications of spending and budgeting in a foreign currency. It pays to research which...

Medicare Enrollment Deadlines

PUT MEDICARE ON YOUR CALENDAR Not so long ago, you needed to remember the date of your wedding anniversary, your kids’ birthdays and maybe a few other special milestones.  But if you are a Baby Boomer on the verge of retirement (or if you’ve already taken the plunge), you have to keep Medicare enrollment deadlines firmly in mind.  Because if you don’t take advantage of these windows of opportunity, you take the risk of facing health insurance coverage gaps...

The Silver Tsunami: Our Aging Workforce

  OUR AGING WORKFORCE & THE GREAT DIVIDE Carl can still remember the first time he was at the Keurig coffee machine in the office cafeteria with Patrick, his new associate, when the age issue came up. Patrick was a recent graduate of Holy Cross, one of the brightest young people Carl had ever met and a member of the Millennial Generation—those 78 million Americans between 18 and 34 who are struggling to find jobs, pay their college loans,...

Managing Your Retirement Income

PLANNING YOUR RETIREMENT CASH FLOW— Detailed budgeting, frequent monitoring of income and expenses and prompt action to address potential cash flow problems are essential elements of financial planning for retirees.  Despite careful planning and reasonable assumptions about investment returns, inflation, living costs and other variables, retirees are likely to face many developments affecting their cash flow over the years. Expenses vary depending on individual lifestyles and health.  Income may be affected by changes in investment performance and interest rates. ...

Bygone Glory Days: Athletes in Retirement

TIME TO RETIRE— On September 25, 2014, Derek Jeter, longtime New York Yankee shortstop and team captain, drove in the winning run in his last at bat at Yankee Stadium.  Three days later he was fully retired.  He did so on his own terms, ending on a high note, still competing to the best of his ability, still regarded with affection and respect by teammates and fans alike.  He has a charitable foundation; he’s building a large house in...

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