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Wake up people…

Wake up people...

Financial problems in the U.S. stemming from the aging baby boomer generation are only going to get worse, says NPR in its Family Matters series, and government entitlement programs won’t be able to sustainably provide care for the growing senior population. Roughly 78 million boomers (a … [Read more...]

Think you have retirement healthcare cost covered? Think again.

Think you have retirement healthcare cost covered? Think again.

A 65-year-old couple retiring in 2012 is estimated to need $240,000 to cover medical expenses throughout retirement, according to the latest retiree health care costs estimate calculated by Fidelity Investments. This represents a 4% increase from last year, when the estimate was $230,000. For many … [Read more...]

The student loan debt impacts Boomers and beyond…

The Washington Post reports some interesting data regarding student loans and seniors. The article reports that new research from the Federal Reserve Bank of New York shows that Americans 60 and older still owe about $36 billion in student loans, providing a rare window into the dynamics of student … [Read more...]

Working and Social Security

The rules are straightforward and spelled out clearly on Social Security's website, but here's the short course: If you are between 62 and 66, Social Security will deduct $1 from your benefit payments for every $2 you earn above the annual limit, which in 2011 is $14,160. The year you turn 66, the … [Read more...]

Elder law consulting firm Aging in Alabama opens offices in Mobile and Baldwin County

Aging in Alabama, an elder law firm focusing on long term care consultations and problem solving for your family, offers simple, custom solutions for preserving your life’s work.   Whether you are planning for the future, or find yourself in the midst of a crisis, call today for a … [Read more...]

Social Security Launches New Spanish Online Services

Michael J. Astrue, Commissioner of Social Security, announced that the agency’s most popular online services, the applications for retirement and Medicare and for Extra Help with Medicare prescription drug costs, are now available in Spanish. The new online services are available at … [Read more...]

Best US Cities for Oldsters

Best US Cities for Oldsters

Minneapolis is the best city in the United States for senior living, with Boston, Pittsburgh, Cleveland and Denver rounding out the top five, according to a new survey conducted for the Bankers Life and Casualty Company Center For a Secure RetirementSM. Criteria in the areas of senior issues and … [Read more...]

Finally, a raise in social security.

Social Security retirement benefits for nearly 55 million people will rise 3.6% in 2012, the first cost of living increase since 2009 said the U.S. Social Security Administration on Wednesday. Some other changes that take effect in January of each year are based on the increase in average wages. … [Read more...]