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 …

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 …

Goodbye, Desktop. Hello, Apps

If you’re not reading this on your smartphone or tablet, you will be soon. We’re in the midst of a revolution in digital media, and a new report offers two striking findings: Most of us are using desktop computers less and mobile platforms more. And those who spend most of their “digital media time” using apps outnumber those who don’t. The report, by the Internet analytics company comScore, breaks down the use of mobile media and apps by age. No …

Brain-Healthy Lifestyle Works to Prevent Alzheimer’s Disease; U.S. Dementia Rates Drop

After just two years, older people who exercised, socialized and ate a healthy diet improved their memory, focus and other signs of brain health, according to a breakthrough study presented at the Alzheimer’s Association International Conference in Copenhagen, Denmark, this week. In another piece of good news, researchers announced at the conference that dementia rates are dropping in the United States – quite possibly because people are getting the message that healthy living can protect brain health. “These findings show that prevention …

Google Glass: 5 Funniest Test Drives

Benny and Rafi Fine, known on YouTube and across the Internet as the Fine Brothers, have made a name for themselves by capturing how people (mostly kids and teenagers) react to such things as old computers, rotary telephones, Psy (the “Gangnam Style” sensation), viral videos, Honey Boo Boo – well, you get the idea. So maybe it was only a matter of time until the Fines set their sights on Google Glass, the newfangled – make that futuristic – technology …

Diabetes, Alzheimer’s Top 2 Areas for Drug Research

Diabetes, Alzheimer’s, arthritis and heart disease top the list for the most new drugs in development to treat the common chronic diseases of older Americans, according to a new drug- industry report. The report, by the Pharmaceutical Research and Manufacturers of America (PhRMA), an industry trade association, says 435 medicines that primarily target seniors are currently either in clinical trials or under review by the Food and Drug Administration (FDA). >> Get travel discounts with your AARP Member Advantages. Diabetes …