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Finding and paying for satisfactory long-term care for older people, especially those with dementia or physical limitations is a serious retirement planning problem and one that is almost certainly going to get worse before it gets better.
John Creighton Campbell, professor emeritus of political science at the University of Michigan and a visiting researcher at the
My husband was listening to some presidential campaign rhetoric this weekend and after hearing an especially unsettling speech, said maybe we should put our retirement planning on hold until after the 2012 election. I don’t think that’s necessary, but I do think that irresponsible political blather doesn’t bode well for anybody’s retirement.
Texas Gov. Rick Perry,
My neighbor had his hip replaced. Medicare paid for everything — nearly $50,000 worth of surgery, hospitalization, medicine and rehabilitation.
It was life changing for Jim, who had gotten to the point where he could barely walk. It wasn’t long ago that a guy like him living in retirement who had worn out his body driving
Here’s a little discouraging retirement planning news:
The Federal Reserve Bank of San Francisco examined trends in U.S. stock values to see if the investment conservatism and sell-off that will likely come with the aging of baby boomers will drive down stock prices.
Their answer was yes.
The analysts found: “The model-generated path is … quite bearish. Real
The Defense Business Board, which advises the U.S. Department of Defense, mostly on matters of civilian contracting, will report in October on ways to cut costs and modernize military retirement plans.
A preliminary retirement planning report calling for reform has raised the hackles of a wide swath of military and other types who oppose any cuts,
There are a lot of older people in my neighborhood — including me. It’s a concerned community, and I always thought that it was a good thing that if I didn’t emerge from my house for a few days or my neighbors noticed that I was wandering the streets in my nightie that they would
Today’s retirement planning crisis is over Social Security Disability Insurance, or SSDI, which the Congressional Budget Office announced is about to go belly up because so many people have turned to it in these economic hard times.
The report says the average monthly payment for SSDI is $927. It’s paid for out of Social Security payroll taxes.
Social Security records more than 14,000 people a year as dead when they aren’t — or as Mark Twain said, “The report of my death has been greatly exaggerated.”
CNNMoney reported on the phenomenon this week, pointing out that one in every 200 deaths — are incorrectly entered into its Death Master File, which contains the
Picking the right person — or persons — to manage your affairs when you can’t is a retirement planning decision to be made cautiously.
Anthony Enea, a New York-based attorney who specializes in retirement-related issues and estate planning, says he’s stopped counting the number of people who choose poorly, picking someone who is nice to them
The financial repercussions of the Great Recession will last into retirement for many people because their retirement incomes are inextricably linked to the amount of money they earn in their working years. Everything from old-fashioned defined benefit pensions to balances in 401(k) plans as well as Social Security is tied to pay.
The Urban Institute, a
