7/3/2013 - Chinatown 'Blessing Scams' Target Elderly Women

In Chinatowns around the country — in San Francisco, Boston, Chicago, New York — a peculiar financial scam is targeting elderly Chinese women. This so-called “blessing scam” isn’t much of a blessing. By asking lots of personal questions, the scammers convince their targets that they face terrible tragedy that they can only avoid if they… Read more 7/3/2013 - Chinatown 'Blessing Scams' Target Elderly Women

7/1/2013 - Uncle Sam wants you—to buy annuities (Wall Street Journal)

The Treasury Department got a lot of attention in February 2012 when it announced a proposal that would make it easier for IRAs and 401(k)-type plans to offer so-called longevity annuities. Because they delay income payments until later in life–for example, age 80 or 85—these products can offer retirees a relatively low-cost way to purchase,… Read more 7/1/2013 - Uncle Sam wants you—to buy annuities (Wall Street Journal)

7/1/2013 - Long-Term-Care Insurance Gap Hits Seniors (Wall Street Journal)

Rob and Katherine Deane thought they were being responsible by buying insurance policies to provide for care in their later years. Instead, the Michigan couple are encountering a growing gap in health-care coverage that the government overhaul will do nothing to fix. Read the full article at The Wall Street Journal.

6/30/2013 - Retired, yet still paying mortgage (Columbus Dispatch)

A growing number of homeowners are keeping a mortgage longer than they are keeping a job. Although some financial planners are alarmed by the trend, others say that, under the right circumstances, carrying a mortgage into retirement years makes financial sense. No one, however, disputes that the percentage of retirees holding a mortgage has skyrocketed.… Read more 6/30/2013 - Retired, yet still paying mortgage (Columbus Dispatch)

7/1/2013 - Aging work force requires changes like partial pensions, flexible positions

It’s time to face the aging of Canada’s work force, experts say. From offering partial retirement plans and accommodating elderly employees to dealing with discrimination claims from both old and young workers, there is a growing need for policies and processes in the greying labour market. Read the full article at The Globe and Mail.

7/1/2013 - Hanging up the keys is tough decision for seniors

Eunice Moore, 90, wants to keep driving as long as she can. Although a daughter living in Blue Grass “is always taking me someplace,” Moore said, she likes the convenience of being able to get into her 1995 Chevy Lumina for short trips around Davenport. The decision to stop driving is one of the most wrenching decisions… Read more 7/1/2013 - Hanging up the keys is tough decision for seniors

6/30/2013 - Scientists Back Alzheimer’s Test Amid Doubts Over Value

The U.S. government is set to decide this month whether federal health insurance should cover the cost of a $3,000 test that for the first time accurately identifies the signature brain plaques of Alzheimer’s disease. A lot is riding on the decision. Those in favor of coverage say the brain scan will reduce anguish and… Read more 6/30/2013 - Scientists Back Alzheimer’s Test Amid Doubts Over Value

6/29/2013 - Despite Alzheimer's, Couple Holds Tight To Old Memories

Right now, 5 million Americans have Alzheimer’s disease and other dementias. One of them is 73-year-old Pansy Greene. She’s in the early stages of Alzheimer’s, and she and her husband, Winston, want people to know that so far, their daily lives have changed little despite the diagnosis. Read the full article at National Public Radio… Read more 6/29/2013 - Despite Alzheimer's, Couple Holds Tight To Old Memories

6/27/2013 - Transamerica: 55% of workers confident about retirement (Pensions&Investments)

Fifty-five percent of workers are somewhat or very confident about retirement, the highest level since 2007, according to a report by the Transamerica Center for Retirement Studies. That 55% is up from 51% last year, but still below the 2007 confidence level of 59%. Not surprisingly, 62% of respondents said they are less confident about… Read more 6/27/2013 - Transamerica: 55% of workers confident about retirement (Pensions&Investments)

6/26/2013 - Retirement savings $14 trillion below threshold (CBS MoneyWatch)

The National Institute on Retirement Security (NIRS) recently released a study that analyzed the state of Americans’ retirement savings and compared them to benchmarks gauging progress toward maintaining retirement living standards. The results shouldn’t surprise you if you’ve been following the news on the level of retirement savings prevalent in American households. The study found… Read more 6/26/2013 - Retirement savings $14 trillion below threshold (CBS MoneyWatch)