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In the morning news

Posted By Ray DeLorenzi On January 14, 2008 @ 7:48 am In Bulletin Today | 1 Comment

USA Today [1]: Boomers’ eagerness to retire could cost them

David Certner, director of federal affairs for AARP, doesn’t think that retiring boomers will suffer cuts in benefits, either.
“We think Social Security benefits, particularly for those at or near retirement, are well-financed and will be there,” he says.

BusinessWeek [2]: Starting a Business Instead of Retiring

About 20% of the entire over-50 workforce in the U.S. is self-employed, and one-third of those workers made the transition to self-employment after turning 50, according to a 2007 RAND Corp. study commissioned by AARP. Switching to entrepreneurship is one way retirees stay active, says Deborah Russell, the AARP’s director of workforce issues. But she says people must know what they’re getting into: “For those who have not done this before, they may have a false expectation that working for yourself also means less stress and less demand, and it may be in fact the exact opposite.”

USA Today [3]: State lawmakers wrestle with abusive lending

The people targeted for complicated high-interest loans have expanded from first-time minority homeowners and low-income elderly to include middle-class borrowers, AARP attorney Nina Simon says.
“There are extraordinary numbers of these (cases) all over the country, says AARP lawyer Jean Constantine-Davis, who handles many of the complaints that come to the advocacy group for retired people.

Wall Street Journal [4]: The New Recruits: Older Workers

Employers who ignore older workers now will suffer as boomers near retirement age, says Melanie Cosgrove Holmes, a vice president at Manpower. By 2012, nearly one in three U.S. workers will be over 50, according to AARP, a group for people age 50 and older. “Progressive companies that are looking ahead…are the ones that are going to be most successful,” Ms. Holmes says.


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URLs in this post:

[1] USA Today: http://www.usatoday.com/money/perfi/retirement/2008-01-13-turning-62-cover_N.htm

[2] BusinessWeek: http://www.businessweek.com/smallbiz/content/jan2008/sb20080111_262142.htm?chan=smallbiz_smallbiz+index+page_top+small+business+stories

[3] USA Today: http://www.usatoday.com/news/nation/2008-01-13-mortgage-laws_N.htm

[4] Wall Street Journal: http://online.wsj.com/article/SB120027723563687623.html.html

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