Conversations about retirement readiness usually focus on portfolios–how much you’re saving, your investment mix, and whether you’ll accumulate assets sufficient to last a lifetime. But those conversations are missing a bigger-picture question about retirement readiness: How are household balance sheets shaping up as families approach retirement? A new study by the AARP Public Policy Institute [...] [read full article…]
Tough economic times and intractable unemployment have made career reinvention a necessity instead of a virtue for many older Americans. But sometimes finding a new career after middle age is about more than just bringing in a paycheck. The encore career is continuing to gain ground among millions of baby boomers. The idea is to [...] [read full article…]
Medicare processed 906 billion outpatient insurance claims in 2010 – and refused to pay 10 percent of them. But if you’re a senior on Medicare with a denied claim, your odds of turning that around are surprisingly good if you appeal. In 2010, 40 percent of Part A appeals and 53 percent of Part B [...] [read full article…]
If you own a small business, the time to comparison-shop for 401k plans has never been better. Low-cost plans are cropping up, as new federal regulations kicking in this year call for greater disclosure of fee information to plan participants and sponsors. The numbers should be a real eye-opener. Fees vary widely among retirement plans [...] [read full article…]
Dr. David DeLong is an expert in organizational behavior who has studied the challenges aging boomers face in the job market. His recent study, Buddy, Can You Spare a Job, is one of best reports to date on the job market for older Americans. DeLong talked with Over50andOutofWork.com about five ways older workers can cope with [...] [read full article…]
