A Tale of Two Americas

Today’s sobering statistic: Almost 20 percent of people ages 55 to 64 have no retirement savings. And even among those who have saved, millions are facing a retirement “deficit” – meaning they will outlive their retirement savings by $57,000 on average per household. Why does that matter to the rest of us? Because if millions of older adults haven’t saved enough to be self-sufficient in retirement, they will end up turning to government safety net services – a costly proposition …

Obama Touts Insurance Rebates and Lower Premiums in 2014

By Phil Galewitz and Julie Appleby, Kaiser Health News Ratcheting up the campaign to sell the health law, President Barack Obama delivered a speech Thursday touting how millions of individuals are already benefiting from its insurance rebates, and others who buy coverage online in states such as California, New York and Oregon will pay lower-than-projected premiums next year because of increased competition. Discussion: 78 million consumers saved $3.4 billion on ACA health insurance “Consumers are getting a hint of how much money they’re …

All In the Family Business

I probably couldn’t work with my mother. Don’t get me wrong, she’s one of the loves of my life. But at this point in her journey, she’s ready to do less. I’m the opposite, so I’d annoy her…lovingly so. It’s a different story for Ernestine and Chrystal Dailey, the mother-daughter team who started WeLoveWreaths.com in 2009 via handmade marketplace Etsy.com. I couldn’t wait to check out their hand-crafted all-occasion wreaths, since I’ve been dusting off the same tired one every December for …

50+ Entrepreneurs Have Ripe Opportunities and Resources

If you’ve been itching to start your own business, you’re in great company. About 7.4 million Americans over the age of 50 work for themselves. And according to an AARP survey, one in six baby boomers who work for others hope to be self-employed at some point. To help, AARP is teaming up with the U.S. Small Business Administration to offer access to resources and expertise. October 2 marks National Encore Entrepreneur Mentor Day at more than 60 sites around …