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Young workers in target-date funds hit hard by market drop

As the stock market has whipsawed for the past two weeks, young workers who have all their retirement funds tied up in long-range target-date funds may have been the hardest hit. The average 25-year-old fully invested in a 2060 target-date fund series saw a 10 percent decline in account value from the market’s recent peak […]

Brook Folk

Retirees driving for Uber? Older Americans gearing up for the shared economy

Five dollars may not sound like much pay for doing a job, but don’t tell that to Brooke Folk. At age 67, Folk spends up to 30 hours a week on projects generated through Fiverr.com, a shared-economy website that requires all its vendors to offer something to customers for just $5 and takes a 20 […]

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On Medicare’s 50th birthday, some politicians want to kill it

Medicare turns 50 today, riding high in the polls but under attack from presidential candidates proposing benefit cuts or even phasing out the U.S. healthcare program for older people. When President Lyndon Johnson signed the law, half of Americans age 65 or older had no health insurance. Today, just 2 percent go uncovered. And the […]

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White House Conference on Aging: A recap

(Reuters) – When presidents call Americans together to talk about aging, major change is possible. The first White House Conference on Aging in 1961 played a midwife’s role in the birth of Medicare; the 1971 conference led to creation of the automatic cost-of-living adjustment for Social Security, which has been in place since 1975. This […]

Blueprints

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At age 50, let’s weigh the future of Medicare

Medicare is having a midlife identity crisis. Our most important health insurance program celebrated its 50th birthday on July 30, and two political and policy visions for Medicare's future ... [Continue Reading]

Latest RR Posts

Market-crash-150px

Young workers in target-date funds hit hard by market drop

As the stock market has whipsawed for the past two weeks, young workers who have all their retirement funds tied up in long-range target-date funds may have been the hardest hit. The average 25-year-old fully invested in a 2060 target-date fund series saw a 10 percent decline in account value from the market’s recent peak […]

Brook Folk

Retirees driving for Uber? Older Americans gearing up for the shared economy

Five dollars may not sound like much pay for doing a job, but don’t tell that to Brooke Folk. At age 67, Folk spends up to 30 hours a week on projects generated through Fiverr.com, a shared-economy website that requires all its vendors to offer something to customers for just $5 and takes a 20 […]

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White House throws in the towel on auto-IRA, and turns attention to the states

The White House is throwing in the towel on its stalled initiative to extend retirement saving accounts to millions of workers who currently aren’t covered by employer plans. Instead, the Obama Administration is turning its attention to helping states close the coverage gap. That’s one headline that surfaced at the recent White House Conference on […]

birthday-candles-280px

At age 50, let’s weigh the future of Medicare

Medicare is having a midlife identity crisis. Our most important health insurance program celebrated its 50th birthday on July 30, and two political and policy visions for Medicare’s future are competing for supremacy in Washington. And the winning direction will have important consequences for retirees in the decades ahead. The question on the table is […]

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Medicare premiums to jump in 2016, but Social Security benefits stay flat

Retirees are facing a double-whammy next year: no inflation adjustment in their Social Security benefits and a whopping 52 percent jump in certain Medicare premiums. The Medicare premium hikes will hit only 30 percent of beneficiaries – those who are not protected from a “hold-harmless” provision in federal law that prohibits any premium hike that […]