Age discrimination: You want to work longer, but will employers cooperate?

Working longer offers one of the best paths to improved retirement security. But 50 years after passage of landmark legislation aimed at preventing age bias, our public policy remains out of sync with that goal. The Age Discrimination in Employment Act of 1967 was part of a broad wave of civil rights legislation that included […]

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How to close the race-based chasm in retirement wealth

The gap in retirement wealth between white and minority families has widened to the point where it really is’nt a gap anymore -it’s a canyon. In 2016, white families had six times more money saved for retirement on average than black or Latino families, according to new data from the Federal Reserve’s Survey of Consumer […]

Fall is right time to evaluate your Medicare drug plan options

Forewarned is forearmed – and for seniors, the warning just arrived in the mail. Each September, enrollees in Medicare prescription drug and Advantage plans receive letters from their insurance companies detailing any changes in coverage for the year ahead. Called the Annual Notice of Change, the document is well worth reviewing, because it arrives just […]

Using a reverse mortgage to delay Social Security: does that really make sense?

Delaying your Social Security benefit claim offers one of the best routes to higher retirement income – annual benefits increase 8 percent for every 12 months that you delay from age 62 to 70. But the strategy often comes with a challenge: how to meet living expenses while you wait? How about this solution? Borrow […]

Assessing the risk of needing long-term care

How substantial is the risk that you will will need long-term care in a nursing home setting? You’ll see numbers all over the map; federal government data, for example, shows that a 65-year-old person runs a 35 percent risk of entering a nursing facility sometime in their lifetime. Other reports have suggested the risk is […]

Latest Republican assault on healthcare would punish older Americans

The Republicans’ battle to repeal Obamacare is starting to look less like warfare and more like a game of whack-a-mole. Each time a draconian plan pops up, advocates for healthcare and seniors – and grassroots opponents – grab their mallets and pound them back into their holes. And so it should be with the latest […]

Aging U.S. needs to get economics right on immigration

“Immigrants – we get the job done” is one of the most famous lines from “Hamilton,” the hit Broadway musical. But the play’s creator, Lin Manuel Miranda, might well have written: “Immigrants – we keep the country young.” The Trump administration’s move last week to end protections and benefits for young people who were brought […]

Report card on aging nations gives U.S. mixed grades

Which nations are doing the best job adapting to their aging populations? Japan has the healthiest seniors. Spain gets top marks for supportive relatives and friends. In Norway, income inequality among older people is the lowest in the world. How about the U.S.? A new global aging index places the U.S. among the top five […]

When should you retire? Consult this checklist of questions

The question sounds simple, but it is tough to answer: At what age should you retire? I get this question from readers and friends more often than any other. It is difficult to answer because it brings into play such a wide range of issues: Do I have enough money to retire? What will I […]

How to plan ahead for retirement healthcare costs

Big, bigger, biggest. Those words capture the retirement healthcare challenge. Healthcare will be one of the largest categories of cost for most retirees–and medical inflation is expected to run 2 to 3 times faster than general inflation. Retirees can cope by tuning up their Medicare coverage, as we discussed in my last column. That can […]

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