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10/25/2013 - Why boomers are happier than millennials at work (MarketWatch)

by on October 25, 2013 6:37 pm
How long does it take for a person to love their job? Possibly decades, a new study suggests. A survey released Thursday morning reports that baby boomers are more satisfied with their jobs and find more meaning in their work than younger people. Read the full article at WSJ MarketWatch.
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10/25/2013 - Why boomers are happier than millennials at work

by on October 25, 2013 5:46 pm
It takes years, if not decades, to learn to love one’s job, a new study finds. Read the full article at MarketWatch.
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10/25/2013 - Aging Well: Keeping Blood Sugar Low May Protect Memory

by on October 25, 2013 5:33 pm
There’s a growing body of evidence linking elevated blood sugar to memory problems. For instance, earlier this year, a study published in the New England Journal of Medicineconcluded that higher glucose may be a risk factor for dementia, even among people without type 2 diabetes. Read the full article at National Public Radio (NPR).
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10/24/2013 - Hiring an End-of-Life Enforcer

by on October 24, 2013 10:15 pm
The chilling dilemma of “the unbefriended elderly,” who don’t have family or close friends to make medical decisions on their behalf if they can’t speak for themselves, generated a bunch of ideas the last time we discussed it. One reader, Elizabeth from Los Angeles, commented that as an only child who had no children, she… Read more 10/24/2013 - Hiring an End-of-Life Enforcer
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10/24/2013 - Many Americans don't expect to ever retire

by on October 24, 2013 4:54 pm
A new Wells Fargo study found that 37% of people don’t ever expect to retire, but instead will have to “work until I’m too sick or die.” Survey respondents say paying the monthly bills is their highest priority, and saving for retirement is a distant second. Read the full article at USA Today.

10/23/2013 - Social Security’s real retirement age is 70 (MarketWatch)

by on October 24, 2013 3:36 pm
Social Security’s retirement age is 70.  The simple fact is that monthly benefits are highest at age 70 and are reduced actuarially for each year they are claimed before age 70.  This is a relatively new development, which may explain why Social Security’s retirement age is the best-kept secret in town. Read the full article… Read more 10/23/2013 - Social Security’s real retirement age is 70 (MarketWatch)

10/22/2013 - Generate retirement income or leave a legacy? (CBS MoneyWatch)

by on October 24, 2013 3:34 pm
Given the modest level of retirement savings many Americans have accumulated, most of us might need to forget about leaving a financial legacy to our children from our retirement savings. The reason? There’s a direct tradeoff between the amount of income we’ll receive during retirement and the amount of retirement savings that remains when we… Read more 10/22/2013 - Generate retirement income or leave a legacy? (CBS MoneyWatch)
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10/23/2013 - Aging Population Could Trim 3% Off China GDP Growth

by on October 23, 2013 4:58 pm
China’s one-child policy has hastened such a big slowdown in China’s working-age population that the country’s demographic future is starting to look a lot more like that of rich nations—and that’s bad news for China. Read the full article at The Wall Street Journal.
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10/23/2013 - Most Americans accumulating debt faster than they’re saving for retirement

by on October 23, 2013 4:51 pm
A majority of Americans with 401(k)-type savings accounts are accumulating debt faster than they are setting aside money for retirement, further undermining the nation’s troubled system for old-age saving, a new report has found. Read the full article at The Washington Post.
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10/22/2013 - Cities Grapple With Pension Debt

by on October 22, 2013 11:24 pm
Dozens of local municipalities are facing major budget issues, with pension debts getting much of the blame. And many city workers are finding their retirement funds in danger, or worse. Host Michel Martin speaks with Michael Fletcher of The Washington Post, about the issue. Read the full article at National Public Radio (NPR).