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Recession Will Haunt Us Into Retirement

Posted on 05/17/2013 by | Money and Work | Comments

Bulletin Today | Money & Savings | WorkOlder boomers, many at retirement’s doorstep, lost more than quarter of their net worth during the recession. Yet they may be the last demographic to retire with enough savings to live comfortably, according to a new study. Younger boomers (in their late 40s and 50s), and Gen-Xers (in their late 30s and early 40s) are on track to retire with skimpier savings. Consequently, they’re likely to face a pared-down lifestyle in retirement. Put another way, they’ll be the first two …

Retiring Later? Join the Club

Posted on 05/17/2013 by | Who's News | Comments

Bulletin Today | Money & Savings | WorkThe brutal economic downturn that began in 2008 and the subsequent sluggish recovery has thrown a cold splash of reality on many Americans’ dreams of a comfortable, stress-free retirement. So it’s probably not much of a surprise that Americans are now retiring at an older age than they did just a few years ago, and that most of us expect to keep working to age 65 or older. The big surprise, though, according to Gallup’s newly released annual economic and …

What Women of America Really Wanted for Mother’s Day

Posted on 05/16/2013 by | Best of Everything After 50 | Comments

Home & Family | Work | Your LifeMother’s Day is big business. Over $18 billion was spent in the U.S. in 2012 (an increase of 8% over 2011) on Mother’s Day celebrations including flowers, candy, meals, and other gifts. Based on industry forecasts, this year the total was probably higher. Every mother I know loves the special recognition, me included. I appreciate that my husband and daughters let me sleep in a little longer, bring coffee and newspapers to my bed when I finally decide to open …

Retiring Boomers Driving Sales of Small Businesses

Posted on 05/16/2013 by | General News | Comments

Bulletin Today | Money & Savings | WorkBy Joyce M. Rosenberg, Business Writer, The Associated Press NEW YORK (AP) — Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving economy to expand their own businesses through acquisitions. In the first three months of this year, the number of sales that closed jumped 56 percent from the same time in 2012, according to BizBuySell.com, an online marketplace for small businesses. Retirement was …

Social Media Overwhelmed? Fear Not, These Apps Can Help

Posted on 05/16/2013 by | Technology | Comments

Technology | WorkAs a boomer who launched a new company a little over a year ago, I’ve had to learn a tremendous amount about social media, and how to use it. Even though I’ve owned my own business for more than 20 years, my promotional skills were a bit stale. Like many others in my generation I relied on traditional advertising and public relations for marketing. As far as social media, I had a website, and shared stories on Facebook with friends, …

How Much Income Will Your 401(k) Provide?

Posted on 05/13/2013 by | Money and Work | Comments

Bulletin Today | Money & Savings | WorkYou may be throwing money into your employer-sponsored retirement plan — let’s hope you are — but do you know how much estimated monthly income your plan will provide over your lifetime? Employers are required by law to provide an outline of what workers can expect to get in estimated monthly retirement income from their traditional pension plans. But that’s not the case for 401(k) and 403(b) plans. [Find out if you're saving enough with AARP's calculator]. Maybe your 401(k) …

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