retirees

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 …

NYC Teachers’ Pension Fund Divests From Gun Makers

Posted on 02/15/2013 by | General News | Comments

Bulletin Today | Money & Savings | WorkFrom The Associated Press NEW YORK (AP) — The $46.6 billion pension fund for New York City schoolteachers has sold its stock in companies that make guns and ammunition, city officials announced Friday. City Comptroller John Liu said the Dec. 14 school shooting at Sandy Hook Elementary School in Newtown, Conn., prompted the fund’s board of trustees to review the system’s investments in the gun industry. He said the board concluded that divestment would be consistent with the fund’s fiduciary …

Ronald Reagan’s 9 Wisest Words About Social Security

Posted on 12/19/2012 by | General News | Comments

Money & Savings | Politics | WorkThe following is a guest post by David Certner, AARP legislative policy director. The last time we made significant changes to Social Security — including adjustments to benefits — was the 1983 Social Security amendments. At the time, Social Security had less than a year’s worth of solvency, and a bipartisan agreement to put Social Security on sound financial footing was essential. That legislation, negotiated by President Reagan and Democratic House Speaker Tip O’Neill, focused on what was needed protect …

Why Inflation Matters for Social Security

Posted on 12/13/2012 by | Social Security | Comments

Bulletin Today | Money & Savings | PoliticsOne of Social Security’s great strengths is that it offers meaningful protection against inflation. Each year, the program considers how prices are rising [as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers]. If prices go up, the Social Security benefits people have earned tend to be adjusted as well. For a typical household, this protection is huge – a point I tried to emphasize in my book, “Social Security for Dummies.” It helps people keep …

Digging Deeper on Changes to the Social Security COLA

Posted on 12/1/2012 by | AARP Blog Author | Comments

Money & Savings | PoliticsNo one with any common sense wants to see our politicians take us over the fiscal cliff. And I think most people with common sense also realize that Social Security, and the tougher issue of Medicare, are worth thoughtful debate and discussion so these vital programs can be put on stronger footing for future generations. However, when budget cutters take aim at today’s Social Security recipients, it’s time to ask questions and dig deeper into the fine print. A proposal …

Rambling Retirees Buck Aging-in-Place Trend

Posted on 10/8/2012 by | Brooklyn, NY | Comments

News Roundups | Travel“You get to fall asleep with the rocking of the waves and the wind, and with the Internet, you can home-office from just about anywhere,” says Ian Morton, an American semi-retiree who spends half the year on a houseboat outside Montreal, Canada. Morton, 51, one of several “rambling retirees” profiled by Reuters in a piece on boomers who are bucking the “aging in place” trend. Though exact stats are hard to come by, evidence points to a growing number of grown-ups trading houses and retirement communities for houseboats, RVs and strangers’ sofas.

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