Seniors decide retirement doesn’t suit them, keep working

 Retirement
Jan 252012
 

By Janice Lloyd, USA TODAY

When Frank Pascarelli was a senior at Hofstra University interviewing for a management job with Sears Roebuck, he was told he would receive such a substantial retirement package that he would never have to work a day over 55.

“I didn’t know if I ever wanted to do that, but I took part in their training program anyway,” Pascarelli says with a quick laugh.

Pascarelli has not stopped working, not because he can’t afford to stop or because he saw investments go sour. He’ll be 80 next month and is financially set, he says. He just enjoys working.
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Why boomer widows are financially at risk

 Aging
Jan 202012
 

(Reuters) – In 2000, Carole Brody Fleet was part a group of one million people just like her. By 2006, she was one of two million. Over the next couple of decades, she’ll become one of 20 million.

But it’s a group she never wanted to be a part of.

She’s a baby boomer widow, having lost her beloved husband Mike to Lou Gehrig’s disease in 2000. It was an emotionally tumultuous time, when she felt utterly lost and “completely overwhelmed”. But what hit her maybe most of all: The financial realities of facing life without her longtime partner.
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Aging and Life Quality: What Does the Future Hold?

 Aging
Jan 172012
 

The first thing one would notice about Lulu is her smile. “Hello, dear, when is your party?” Lucille “Lulu” Weinstein beams at me. “I need to decide what to wear. What are you going to wear to the party? A blue dress or a pink one?”

Lulu’s effervescent and undeniably sweet personality easily charms. She’s the kind of lady who wants to have a nice time and look good doing it. The 87 year old who likes to put on lipstick and pull back her hair into a neat twist suffers from Alzheimer’s. It’s a chronic disease marked by bouts of confusion and a rather frightening sense of losing one’s identity.
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The Big Retirement Myth: You’ll Spend Less

 Retirement
Jan 112012
 

by Selena Maranjian

There’s a persistent assumption going around about what happens after one retires: Pundits, financial planners and even retirees often claim that your spending shrinks after you leave the 9-to-5 world.

Sure, your house may be paid off by then, and you may be able to ditch the expenses of commuting and buying clothes for work. That’s not the full picture, though.

In good and not-so-good ways, many people end up spending more than they expect during their golden years.
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Health Challenges Facing Baby Boomers

 Health, Health Care
Jan 042012
 

Written By Chris Kilham

Americans are living longer than ever before. As a result of greatly improved sanitation, hygiene, nutrition, life-saving drugs and medical care, lifespan has increased significantly.

At the time of the American Revolution in 1776, the average life expectancy in the United States was a paltry 30 years of age. Back then, you had to make your mark early, because your stay in this world was likely to be brief.
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2012 Medicare debate is all about the baby boomers; big changes no matter who wins the White House

 Medicare
Jan 042012
 

Baby boomers take note: Medicare as your parents have known it is headed for big changes no matter who wins the White House in 2012. You may not like it, but you might have to accept it.

Dial down the partisan rhetoric and surprising similarities emerge from competing policy prescriptions by President Barack Obama and leading Republicans such as Wisconsin Rep. Paul Ryan.
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Baby boomers living good life, while their children hit blockade

 Economy
Dec 202011
 

From 1976 to 2010, median household income increased by only $3,000

BY SHEILA PRATT, EDMONTON JOURNAL

We’ve heard it so often. In this wealthy province, there’s prosperity for all. Right?

Take another look, says Paul Kershaw. Alberta has a bad case of “generation squeeze,” just like every other province, even though the years of oil booms have given higher incomes to Albertans.

The growing gap between rich and poor in Canada gained recent attention with the Occupy Movement and, last week, an Organization for Economic Co-operation and Development study that confirmed inequality is rising in Canada.
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