Are You Saving Enough for Health Care in Retirement?

You’ve heard this before, I know, and yet it remains as disturbing as ever. Health care costs, along with housing, are likely to be your biggest expenses in retirement. Boston-based Fidelity Investments found that premiums, deductibles and other out-of-pocket expenses could cost a 65-year-old couple retiring today a jaw-dropping $220,000 – and that’s in addition to Medicare premiums. Some boomers are heeding that forewarning: In a survey of 1,002 workers age 50 and older, 62 percent say they’re socking away money for …

Geoffrey Holder: Much More than a 7Up Pitchman

TV commercials for 7Up made a powerful impression on us in the 1970s and ’80s in large part because of the pitchman: A handsome gentleman clad in an elegant white suit and hat, who spoke in stentorian tones infused with a Caribbean lilt. Lounging in a straw chair, Geoffrey Holder touted the no-caffeine virtues of the “Uncola” as he poured and sipped a glass of the bubbly beverage, and at the end, drove home his point by leaning back his …

Financial Planning for People With Dementia

As boomers move into their late 60s and beyond, the country is likely to experience a growing number of individuals with dementia who have difficulty managing their financial affairs. This means financial advisers must be trained to recognize the early signs of cognitive impairment among clients and then plan for deteriorating mental health that may occur over many years. In addition, policymakers must bolster protections against financial exploitation to protect older consumers with dementia. >> 10 Items Where Coupons Save …

Paul Revere: That Was the Rocker’s Real Name

Boomers are accustomed to rock musicians’ colorful stage names, from Ringo Starr (real name Richard Starkey) to Sting (Gordon Sumner). That’s why it’s surprising to discover that the leader of the campy, colorful Paul Revere and the Raiders actually used the one on his birth certificate, at least the first and middle parts. Dressing in Revolutionary War-style frock coats, breeches, knee-high leather boots and tri-corner hats, Paul Revere, who passed away on Oct. 4 at age 76 in Sun Valley, …

Poll: In Close Senate Races, Older Voters Lean Slightly to GOP

In 12 states with competitive Senate races, older voters lean slightly more Republican than younger voters, according to a poll for National Public Radio. But the margins are narrower than those in nationwide polls conducted a few weeks ago. In the NPR poll, likely voters ages 50 to 64 split 50 percent for Republicans and 45 percent for Democrats — and among those 65 and older, the split was 50 percent to 43 percent. Overall, voters in the 12 states …

Good News for Older Workers

Older unemployed workers saw welcome gains in the job market in September as employers expanded their payrolls by a higher than predicted 248,000 jobs. The national unemployment rate for people ages 55 and older fell last month from 4.6 percent to 3.9 percent, a bigger drop than the rate for workers overall, the government said. For men ages 55 and older, the jobless rate dipped to 4 percent in September from 4.4 percent the previous month. Last year at this time …