Ask someone over 50 what they want to do after retirement, and you may well get this answer: “Keep working!” Surveys suggest that more than 75 percent of the baby boom generation plans to keep working past traditional retirement age. But it’s not likely that many will keep laboring away in Corporate America. Most boomers who [...] [read full article…]
The financial planning profession is growing explosively as millions of aging baby boomers confront the challenges of planning for retirement security. Readers of this column have been writing to ask if they need a planner-and how to go about hiring one. Retirement planning poses complex challenges-and investing wisely is just one part of the picture; you [...] [read full article…]
The economic downturn and mortgage crisis are turning a growing number of Americans into retirement account raiders. The number of Americans tapping into their 401(k) savings accounts to pay debts or to fund other immediate financial needs rose sharply last year. The situation worsened during the first quarter this year as the mortgage crisis heated up, [...] [read full article…]
The Bush Administration is proposing regulations to blunt inappropriately aggressive marketing of private Medicare insurance plans. The new rules would outlaw unsolicited visits and phone calls to beneficiaries and regulate commissions paid to sales agents. About 55 percent of Medicare recipients also subscribe to supplemental private plans such as Medicare Advantage or prescription drug plans. Consumer [...] [read full article…]
The problem lay buried, unspoken, for many years in the minds of American women. It was a strange stirring, a sense of dissatisfaction, a yearning that women suffered in the middle of the 20th century in the United States. Each suburban wife struggled with it alone. As she made the beds, shopped for groceries, matched [...] [read full article…]
Legislation was introduced in the U.S. Senate last week aimed at making it easier for older Americans to stay in the workforce longer and encourage employers to recruit and retain older workers. The bill has bi-partisan sponsorship of Senators Gordon H. Smith (R-OR), Herb Kohl (D-WI), and Kent Conrad (D-ND). I’ll have more on this in [...] [read full article…]
Two of the country’s best-known life-planning authors will co-lead a workshop in Chicago aimed at helping people think through their second acts. Richard N. Bolles, author of the best-selling book, What Color Is Your Parachute? and Richard Leider, veteran author, speaker and pioneer in life-work planning, will lead the May 29 - 30 event. It’s [...] [read full article…]
There was a time-not long ago-when we didn’t use computers or digital media players to manage our music collections or watch TV. Now we could be approaching something like an era of iPods for aging. At least, that’s Eric Dishman’s vision of the near-term future. Dishman spearheads a major initiative to develop “personal health technologies” at [...] [read full article…]
File this under “thanks for nothing.” U.S. Health and Human Services Secretary Michael Leavitt admits Medicare is heading toward an implosion, but admits it’s too late for the Bush Administration to do anything about it. Via Reuters: . . . the next administration will have to act to stop rising costs and get control of [...] [read full article…]
RetirementRevised.com is the companion website of Retire Smart, a column written by Mark Miller that appears in more than 30 newspapers each week. For millions of Baby Boomers, retirement is an opportunity for reinvention, rather than taking it easy. Mark is helping write the playbook for the new career and personal pursuits of a generation.
