Cutting costs a new pasttime for retirees

Eliminating some unnecessary expenses and keeping an eye out for ways to save can help keep precious dollars at home.

The golden years of many retirees have been tarnished by low returns on investments and smaller nest eggs than they’d hoped. Meanwhile, longer life spans, increased expenses — particularly rising health care costs — plus a volatile stock market and low interest rates on savings have baby boomers facing tough choices.

 

 

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America’s fastest growing group in the workforce is changing what it means to be ‘retired’

Senior Worker in Supermarket

According to government estimates, the over-65 set is the fastest growing segment of the working population: More than 7 million are punching the clock.

Ailika Thomas’ husband brought her coffee in bed after she woke. It was 7 p.m., and the 73-year-old was facing a long, moonlit drive from her rural Indiana home to Chicago; Dean wanted to make the journey as easy as possible for his wife. He warmed the car and stocked it with snacks while she got dressed. When Ailika emerged from the back door in a pink-and-white pants combo accompanied by her two Yorkshire terriers, Dean gave her a warm goodbye kiss and made her promise to call at journey’s end.

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Study finds Millennial generation might not be so special after all

environmentally-conscious

Today’s young Americans are less environmentally conscious—and often less civic-minded overall—than previous generations.

Are today’s Millennial generation altruistic and civic-minded or materialistic and self-absorbed?  In the latest installment: a study that says the popular view of young adults as more caring, interested in social issues and concerned about the environment compared to previous generations is mostly false.

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More baby boomers working past retirement

boomers working past retirement

LifeGoesStrong.com poll found a baby boom generation planning to work into retirement years.

So much for baby boomers and their dreams of retirement from kicking back at the lake house ot long afternoons of golf.  For many boomers, the plan now calls for logging more hours at the office and renewed worries about money, according to a new poll.

 

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2010 census trends: Uneven aging and ‘younging’ in the U.S.

 population change

 The divide between states gaining and losing their younger populations.

When the Beatles song “When I’m Sixty-Four” was released in 1967, many baby boomers adhered to the mantra, “Don’t trust anyone over 30.” Now the boomers are fully ensconced in advanced middle age, and the oldest of them are beginning to cross into full-fl edged senior-hood, as the first boomer turned age 65 last January. Some 80 million strong and more than one quarter of the U.S. population, baby boomers (born between 1946 and 1965) are a still a force to be reckoned with, even as they have all crossed the age-45 marker. Along with their elders, the large and growing older American population presents significant future challenges for federal government programs such as Social Security and Medicare. State and local social services and infrastructure needs will also change in communities across the nation as the population ages.

 

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Baby Boomers Face Uncertainty, Fear Outliving Their Retirement Savings

baby boomers

Many baby boomers fear they have not saved enough and will run out of money during their retirement.

Nearly half of baby boomers face so much uncertainty that they fear that their retirement will result in poverty, according to a new study by California-based investment advisers Financial Engines.

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More Middle Aged Men Opting for Cosmetic Surgery to Look Good

cosmetic surgery

Doctor pulling back the brows of a middle-aged man contemplating cosmetic surgery.

More men are going under the knife, opting for procedures like facelifts, botox and liposuction, according to a new report that said cosmetic surgery is fast becoming a preferred option for middle aged males who want to “look good”.

 

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Membership Decline is a Worrying Trend Among Service Groups Like the Masons

masonic lodge

Inside a Masonic lodge.

Despite the impression given by books such as author Dan Brown’s The Da Vinci Code and The Lost Symbol, and movies like National Treasure, the Masons are not a clandestine group.

“We’re not a secret society,” Bennett says. “We’re a society with a few secrets.” 

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