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Keyword: seniors

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  • Health Care in Academia vs. the Real World

    05/03/2016 7:54:04 AM PDT · by Academiadotorg · 6 replies
    Accuracy in Academia ^ | May 2, 2016 | Spencer Irvine
    Four Harvard University students won the annual Econometrics World Championship (also known as the Econometric Game) in Amsterdam, The Netherlands. The annual event is organized by the University of Amsterdam and the VSAE (Association of Actuarial, Econometrics and Operational Research Students), involving up to thirty universities from across the world. The competition had 120 students participate in this iteration of the event. Using European socio-economic data from 2004-2013, the team from Harvard concluded that more government intervention will improve low-income senior citizens' health outcomes. One of the attending representatives from the event's sponsors said: "This is a remarkable and important...
  • One of the nation’s largest pension funds could soon cut benefits for retirees

    04/21/2016 8:26:05 AM PDT · by pabianice · 26 replies
    MSN ^ | 4/21/16 | Marte
    More than a quarter of a million truckers, retirees and their families could soon see their pension benefits severely cut — even though their pension fund is still years away from running out of money. Within the next few weeks, the Treasury Department is expected to announce a crucial decision on whether it will approve reductions to one of the country’s largest multi-employer pension plans. The potential cuts are possible under legislation passed by Congress in 2014 that for the first time allowed financially distressed multi-employer plans to reduce benefits for retirees if it would improve the solvency of the...
  • Children of the 1930s: “The Last Ones”

    04/11/2016 2:17:44 PM PDT · by HomerBohn · 37 replies
    Today's email | 4/11/2016 | Unknown
    Born in the 1930s we exist as a very special age cohort. We are the “last ones.” We are the last, climbing out of the depression, who can remember the winds of war and the war itself with fathers and uncles going off. We are the last to remember ration books for everything from sugar to shoes to stoves. We saved tin foil and poured fat into tin cans. We saw cars up on blocks because tires weren’t available. My mother delivered milk in a horse drawn cart. We are the last to hear Roosevelt’s radio assurances and to see...
  • 'First Time in Human History': People 65 and Older Will Outnumber Children Under 5

    03/31/2016 2:17:26 PM PDT · by Nachum · 26 replies
    cns news ^ | 3/31/16 | Terence P. Jeffrey
    (CNSNews.com) - Sometime in the next four years the global population of human beings who are 65 and older will surpass those under 5 for the first time, according to a new report from the U.S. Census Bureau. “For the first time in human history, people aged 65 and older will outnumber children under age 5,” says the report, entitled “An Aging World: 2015.” “This crossing is just around the corner, before 2020,” says the report. “These two age groups will then continue to grow in opposite directions,” it says. “By 2050, the proportion of the population 65 and older...
  • How Men and Women Want Different Things in Retirement

    03/21/2016 5:02:05 AM PDT · by tlozo · 59 replies
    The Wall Street Journal ^ | March 20, 2016 | Lisa Ward
    A study finds that men are far more motivated than women to retire so they can spend time with their spouses. Spending more quality time with your partner is one reason to retire, right? Well, that may depend on whether you ask a man or a woman—and the difference may be a warning sign for men... While nearly 60% of men said having time to spend with their spouse or partner was a strong factor influencing their decision to retire, only 43% of women said the same. Far more women, 71%, cited the prospect of spending time with their grandchildren....
  • Is Harrison Ford too old for another Indiana Jones movie?

    03/20/2016 7:13:53 PM PDT · by MinorityRepublican · 87 replies
    CNN ^ | Tue March 15, 2016 | Brandon Griggs
    Harrison Ford will dust off his fedora for a fifth installment of the Indiana Jones franchise, due in 2019, and the jokey movie titles were flying on Twitter on Tuesday faster than you could crack a bullwhip. "Indiana Jones and the Mystery of the Self-Cleaning Dentures." "Raiders of the Lost AARP." "Indiana Jones and the Curse of the Prosthetic Hip Joint."
  • Graying of America could hit Sarasota hard

    03/14/2016 7:14:30 PM PDT · by Tolerance Sucks Rocks · 23 replies
    Tampa Bay Business Journal ^ | March 14, 2016 | Margie Manning
    The economic boom that Florida is experiencing now from population gains could lead to labor shortages and a drain on state resources in the future, according to a new report from the Federal Reserve Bank of Atlanta. Sarasota could be among the communities hardest hit by the graying of America, the report said. That’s because the city is an affluent community, and it may be hard for the caregivers who serve the elderly and tend to be lower paid to afford to live there, the report said.
  • Not ready to retire, but not finding work: The Over 50's in America

    03/12/2016 11:50:43 AM PST · by SeekAndFind · 107 replies
    Washington Post ^ | 03/12/2016 | Rodney Brooks
    A friend recently called to tell me he had been laid off from a company where he worked for more than a decade. He’s 60 years old and not ready to retire, either financially or emotionally. He is, however, prepared for the reality of the situation. He recognizes that he has a tough road ahead. He knows he probably won’t ever earn the salary he had. And even for a much lower-paying job, he’ll be competing with people half his age. Need proof of that? A GAO report in 2012, the most recent available, said unemployed workers 55 and older...
  • Here’s why (and how) the government will ‘borrow’ your retirement savings

    02/27/2016 1:15:20 PM PST · by SkyPilot · 55 replies
    Sovereignman.com copied onto ZeroHedge ^ | February 15, 201616 copied by ZeroHedge on Feb 16 | Simon Black copied by Tyler Durden
    According to financial research firm ICI, total retirement assets in the Land of the Free now exceed $23 trillion. $7.3 trillion of that is held in Individual Retirement Accounts (IRAs). That’s an appetizing figure, especially for a government that just passed $19 trillion in debt and is in pressing need of new funding sources. Even when you account for all federal assets (like national parks and aircraft carriers), the government’s "net financial position" according to its own accounting is negative $17.7 trillion. And that number doesn’t include unfunded Social Security entitlements, which the government estimates is another $42 trillion. The...
  • Pension Funds See 20% Spike In Deficit

    02/14/2016 8:04:37 AM PST · by Lorianne · 13 replies
    Argus Obsever ^ | 14 February 2016 | Ted Sickinger
    Oregon Treasurer and Portland mayoral candidate Ted Wheeler issued a statement last week noting that the state pension fund’s investment returns were 2.1% in 2015. That beat the Standard & Poor’s 500 index and topped the performance of 88% of comparable institutional investment funds. What Wheeler’s statement didn’t mention was that investment returns for the year still fell 5.6 percentage points below the system’s 7.75% assumed rate of return for 2015. That’s terrible news for public employers and taxpayers. It means the pension system’s unfunded liability just increased by another 20% — growing from $18 billion at the end of...
  • Jefferson Airplane’s Paul Kantner dies at 74

    01/28/2016 3:59:34 PM PST · by Jolla · 115 replies
    SF GATE ^ | 1/28/16
    Paul Kantner, one of the giants of the San Francisco music scene, died Thursday, Jan. 28, of multiple organ failure. Mr. Kantner, founding member of the Jefferson Airplane, was 74 and had suffered a heart attack earlier this week.
  • It’s Still Bill Clinton, but the Old Magic Seems Missing

    01/28/2016 8:39:06 AM PST · by RoosterRedux · 41 replies
    NYTimes ^ | PATRICK HEALY
    Bill Clinton came to the vote-rich city of Mason City on Wednesday night and recounted his wife's life experiences, recited her policy ideas, and ripped into the Republicans a bit. But what Mr. Clinton used to do so well -- and what Hillary Clinton needs, only days before the Iowa caucuses on Monday -- was nowhere to be found: a polished, piercing critique of an opponent, in this case Bernie Sanders. At an event in Las Vegas last week, Mr. Clinton, 69, looked smaller and his voice seemed weaker than in past campaigns, and people had to strain to hear...
  • VIDEO: Bill Clinton’s hand trembles at Iowa rally — blames old age

    01/17/2016 9:59:08 AM PST · by 5150 FREEPER · 42 replies
    American Mirror ^ | 1/17/16 | Kyle Olsen
    Does Bill Clinton have Parkinson’s disease? While campaigning in Iowa Saturday to rescue Hillary’s floundering presidential campaign, the former president’s hand could be seen trembling while he was making a point. As he was explaining his wife’s rationale for invoking 9/11 to defend her ties to Wall Street, Clinton said, “She was making the point that the people devastated on 9/11 were people to her, not categories.”
  • Why Hillary Clinton Is Too Old And Sick To Be President

    11/17/2015 10:12:43 AM PST · by Responsibility2nd · 42 replies
    Red State ^ | 11/17/2015 | By: streiff (Diary)
    Ever since Hillary Clinton announced her run for the presidency concerns have been raised in many quarters, by people of all political persuasions, that she was simply too old to hold the office if she was elected. Hillary, if elected, would be the second oldest person to win the office after Ronald Reagan. But where Reagan was very active throughout his life, Hillary is a different story.    Hillary never participated in athletics when she was younger, something about being too ugly to participate. And now, as she approaches the BIG SEVEN-ZERO she is very out of shape. It is a safe...
  • Baby Boomers are going to struggle to retire

    10/13/2015 12:44:27 PM PDT · by 100American · 160 replies
    http://myirionline.org/ ^ | 2015 | Insured Retirement Institute
    The Insured Retirement Institute has concluded, baby boomers "face a dangerous combination of being under-saved and long-lived." The IRI found four in 10 baby boomers have nothing saved for retirement, and 37% of those who do have savings have less than $100,000 put away. This spells trouble for the average 65-year old male and female who have a 50% chance of living until at least 87 and 89, respectively. The IRI says someone who retires at the age of 65 today will need more than $1 million for retirement while someone who waits until age 70 to retire will need...
  • Enough Irony: Protect America’s Seniors, Not Illegal Aliens

    10/05/2015 9:11:42 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | October 5, 2015 | Dan Weber
    Sometimes life is almost too ironic for words. Average Americans look at the way the world is drifting, and just shake their heads. Among those who know better and ought to be heard more often are America’s seniors – particularly those who still believe, as most do, in fiscal responsibility, national security, a comprehensible foreign policy, and a sense of moral compass. As the leader of an organization that proudly represents 1.3 million seniors who fall generally into that group, many veterans and most engaged in their communities, the latest irony is almost too much for a head shake. Here...
  • Granny’s Got a Gun: More Seniors Now Purchasing Firearms

    07/25/2015 9:13:19 AM PDT · by Kaslin · 21 replies
    Townhall.com ^ | July 25, 2015 | Cortney O'Brien
    If you thought the elderly's weapon of choice was their knitting needle, think again. A growing trend reveals that today’s senior citizens are taking advantage of their Second Amendment rights just as much as younger generations. One gun store in Georgia, Sandy Springs Gun Club and Range, has seen an influx of senior citizens eager to get their hands on firearms. Sandy Springs records show a 30 percent increase among seniors buying guns, or showing up for target practice. Even more telling are statistics from Dekalb County which show that out of 1,800 gun applications, 244 were over 55 years old....
  • You’ll Never Guess the Latest Victims of the Student Loan Crisis

    06/30/2015 8:40:54 AM PDT · by Hojczyk · 88 replies
    Money ^ | June 30,2015 | Michaela Ross
    A fast-growing number of seniors are hitting retirement with a student debt burden. Even their Social Security is at risk Most debt you can get out of—painful as it might be. Credit card debt can be cleared in bankruptcy. A mortgage can end in foreclosure. But student debt is more sticky, and it turns out it can have big consequences in retirement. Last year, Richard Minuti’s Social Security payments were cut by 10%. The Philadelphia native was already earning only a bit over $10,000 a year, including some part-time work as a tutor. “I was desperate,” says Minuti. “Taking 10%...
  • Seniors Favor GOP When Hillary Clinton is the Democratic Nominee

    06/15/2015 6:19:55 AM PDT · by Cincinatus' Wife · 25 replies
    Morning Consult ^ | June 10, 2015
    Morning Consult conducted a national survey on behalf of Bring the Vote Home of 3,904 registered voters 65 years old and over on April 27- May 5, 2015 and June 5-8, 2015. Results from the full survey have a margin of error of ±2%. Key Takeaways: Seniors Favor GOP when Hillary Clinton is Democratic Nominee When placed head to head, seniors chose Scott Walker (45%) over Hillary Clinton (36%), and Jeb Bush (44%) over Hillary Clinton (41%) for President. [SNIP]
  • SHOULD WE RETIRE RETIREMENT?

    06/10/2015 7:37:19 AM PDT · by shortstop · 90 replies
    boblonsberry.com ^ | 06/10/15 | Bob Lonsberry
    I’m not sure retirement is a good thing. Not the way it’s done now. The way it’s done now, it seems to me that we’re marginalizing our most skilled workers, fostering idlers and turning old age into a near useless stage of life. It used to be that people didn’t retire. They worked til they died. And if they couldn’t work, hopefully their family or their church took care of them. But everyone who was physically and mentally able to do some useful task did so. The difficulty arose when people became what used to be called senile, or when...