retirement

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 …

Three Generations, Three Different Retirements

Posted on 05/1/2014 by |Money and Work | Comments

Bulletin Today | WorkSo it seems that boomers and the Generation X that followed them believe a traditional retirement, the kind where you clock out of the job permanently at age 65 to travel, play golf, visit the grandkids or relocate to a sunnier destination, isn’t in their future. Yet Millennials, the oldest among them in their mid 30s, are much more hopeful. They predict they’ll retire at or before they reach their mid 60s, according to a survey released Wednesday by the nonprofit …

Do You Worry About Money? Join the Club

Posted on 04/24/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsWhether you’re nearing the end of your working life or still several decades away, Americans all share the same financial fear: Will I have enough money to retire? More than two in three Americans ages 30 to 64 say their top financial worry is whether they’ll be able to save enough to live reasonably well in retirement, according to a Gallup poll released this week. Not being able to pay for medical costs was the top money fear for people …

Hillary Clinton: Welcome Older Women Back Into the Workforce

Posted on 04/24/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | WorkOlder women who may not feel welcome in the workforce have a powerful advocate — none other than Hillary Clinton. Speaking yesterday at the Simmons Leadership Conference in Boston, the former secretary of state and first lady said older women, who left jobs to raise families, should be welcomed back to work, adding that “their brains have not atrophied” and they have great talents and ability. “There’s … a very large group of older women who could make a difference to …