retirement

Which Retirement Personality Fits You?

Posted on 06/6/2014 by |Money and Work | Comments

Bulletin Today | WorkThe notion of retirement, in which decades are devoted solely to leisurely pursuits, is evolving. In the future we’ll be hard-pressed to find older folks perpetually lazing on the beach, taking up their days with golf or tennis, or lounging around the house. Instead, most retirees will be working. At least, that’s one of the findings from a new Merrill Lynch/Bank of America survey of 7,078 people, including 1,856 working retirees and about 5,000 who are nearing retirement or retired …

Some Retirees Regret Taking Social Security Early

Posted on 06/5/2014 by |Money and Work | Comments

Bulletin Today | Money & Savings | WorkDeciding when to take Social Security is one of the most important retirement planning decisions people make — and many retirees say they got it wrong. As many as 38 percent of 573 retirees surveyed by the Nationwide Financial Retirement Institute, a unit of Nationwide Mutual Insurance, say they regret taking their benefit early, which locked in their lower monthly payment for life, and wish they had waited. When you look at the differences in their monthly payout, you can understand their remorse. Those …

Work and Save: From Sea to Shining Sea

Posted on 05/19/2014 by |AARP Blog Author | Comments

PoliticsThe problem with living in Washington, D.C., too long is that you start to forget all the exciting action happening outside this politics-crazed town. The truth is, the real action is taking place in state capitols around the country. Today I want to take a moment to highlight some of the victories and innovative solutions happening from Hartford to Olympia to help people save for the future and live independently as they age. I’m lucky enough to have worked for …

Is Rising Mortgage Debt Threatening Retirements?

Posted on 05/8/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsOlder Americans are carrying more mortgage debt and have accumulated less home equity than their peers a decade earlier, according to a report by the Consumer Financial Protection Bureau. The median mortgage debt for those age 65 and older rose 82 percent to $79,000 from 2001 to 2011, according to the agency. And though delinquencies and foreclosures have decreased since 2012, they had increased fivefold between 2007 and 2011 among older homeowners, the CFPB reports. “A home can be a place of …

Security Guard Killed 83-Year-Old Man With Tire Jack, Police Say

Posted on 05/8/2014 by |In Other News . . . | Comments

Bulletin TodayAuthorities say an 83-year-old man has died from head injuries he sustained when an off-duty security guard went on a violent rampage at a Florida assisted living facility, savagely attacking residents with a tire jack. Joseph Giambrone had been in a coma since the March 27 attack at Atria Evergreen Woods in Spring Hill, which bills itself as a “resort-style” retirement community. Hernando County Sheriff Al Nienhuis described the attacks on Giambrone and another resident, 88-year-old Miriam Lepp, as “beyond comprehension.” …

Boomer Alert: Nation’s 65+ Population to Double by 2050

Posted on 05/6/2014 by |In Other News . . . | Comments

Bulletin TodayWe’re getting older — in a big way. New Census Bureau reports project that the nation’s 65-and-older population will nearly double in size — hitting a total of nearly 83.7 million — by 2050. By then, more than 1 in 5 Americans will be at least 65 years old. Boomers, who began turning 65 in 2011, are the driving force behind the project shift. The Census Bureau says that the demographic shift is already fueling growth in health-care-related industries and …