But Will You Even Be ABLE to Retire?
Everyone envisions the golden years as a time to relax away from the stresses and strains of working life, but for for many baby boomers it may be a far different picture. The majority of [tag]boomers[/tag]' health is better than is their [tag]financial[/tag] health. Many might be falsely assuming they will be fit enough to work past age 65. Plus, there is always the looming spectre of [tag]long term care[/tag]. At 56, Lana Linder knows her [tag]savings[/tag] aren't enough to enable her to [tag]retire[/tag] in her 60s. She is counting on being strong enough to keep on working past [tag]retirement[/tag] age, ...
Boomers Increase Caregiver Demand
Demand for home-based caregiving is expected to double by 2050 as the baby boomer generation ages. This expected shortage will limit access to [tag]caregivers[/tag]. A report released by the International Longevity Center USA and the Schmieding Center for Senior Health and Education found that 20% of elderly patients currently lack access to family and professional caregiving and that the shortage will explode in the future. In addition, this report, titled "Caregiving in America," reveals that [tag]caregiver[/tag] wages are among the lowest in America, an indication that U.S. residents most likely will not be willing to take these low-wage jobs in the ...
Boomers want to retire yet stay involved..
Many retirees, especially us baby boomers, want to retire from their careers yet become involved in other areas such as social and health services. [tag]Boomers[/tag], born between 1946 and 1964, are starting to [tag]retire[/tag], and they want to make remarkable contributions to society. Sure, people retire to play golf, but they soon find that golf isn't enough. We need to embrace the energy, expertise and wisdom of [tag]retirees[/tag] and encourage their involvement. To optimize this opportunity, some false impressions must be cast aside and hurdles cleared. Unpaid volunteers are often not as respected or as valued as paid personnel, a trend that has to ...
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Long Term Care Planning and the Declining Economy
With the U.S. economic meltdown firmly established, and 401K and IRA savings decimated, folks are now wondering what to do next, especially regarding retirement security and independence. Our friends in the financial planning arena report that many who were once depending on savings and investments to cover future long term care costs are now adding long term care insurance coverage to their planning... [Read more]
But Will You Even Be ABLE to Retire?
Everyone envisions the golden years as a time to relax away from the stresses and strains of working life, but for for many baby boomers it may be a far different picture. The majority of boomers‘ health is better than is their financial health. Many might be falsely assuming they will be fit enough to work past age 65. Plus, there is always the looming spectre of long term care. At 56, Lana... [Read more]
Boomers want to retire yet stay involved..
Many retirees, especially us baby boomers, want to retire from their careers yet become involved in other areas such as social and health services. Boomers, born between 1946 and 1964, are starting to retire, and they want to make remarkable contributions to society. Sure, people retire to play golf, but they soon find that golf isn’t enough. We need to embrace the energy, expertise and wisdom... [Read more]
Boomers Increase Caregiver Demand
Demand for home-based caregiving is expected to double by 2050 as the baby boomer generation ages. This expected shortage will limit access to caregivers. A report released by the International Longevity Center USA and the Schmieding Center for Senior Health and Education found that 20% of elderly patients currently lack access to family and professional caregiving and that the shortage will explode... [Read more]
Tips to ease financial discussion with aging parents
“Most adults are in denial about their parents’ mortality and avoid asking questions about estate transfer and wills. Oftentimes they do not want to appear greedy about their inheritance or controlling of their parents’ personal matters”, said Clayborne Cotton, founder of PrepSmart.com, “but you need to begin now, especially with long term care insurance quotes. We all... [Read more]
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