11/4/2015 - Warn your grandmother: Alleged multimillion scam preys on kind-hearted elderly

by on November 4, 2015 4:35 pm
“Hi Grandma, I need your help.” For many unguarded elderly people, this line is where the trouble begins. It comes from a distressed “relative” — a grandchild, niece or nephew who has gotten herself into a bit of trouble abroad. Sometimes it’s getting arrested on minor drug charges; other times it’s a car accident. Regardless, the… Read more 11/4/2015 - Warn your grandmother: Alleged multimillion scam preys on kind-hearted elderly

11/3/2015 - Here's Why Women Have Half the Retirement Savings of Men (Forbes)

by on November 4, 2015 12:27 am
When it comes to their retirement savings, women take as many risks as men do, according to a new study byVanguard Research released last week. The study looked at 720,000 eligible employees, and found that in defined contribution plans—such a 401(k)s—women and men allocated roughly the same proportion of their savings to equity (73% and 74%,… Read more 11/3/2015 - Here's Why Women Have Half the Retirement Savings of Men (Forbes)

11/3/2015 - Men's Retirement Savings More Than 50% Bigger Than Women's, New Study Shows

by on November 3, 2015 4:34 pm
Add this to the ongoing debate over pay inequality between the sexes: according to new research, men’s retirement accounts are more than 50% higher than women’s on average in the U.S.  – despite women being far, far better savers than their male counterparts. Read the full article at Forbes.

11/3/2015 - Education Is the Best Tool to Fight Elder Fraud

by on November 3, 2015 4:21 pm
One way that scammers often try to convince consumers to send them money is to threaten them with fines and penalties if they don’t do as they’re told. That’s exactly what happened to Anna Guillory Yates of Los Angeles. The 70-year-old resident received a voice message from someone claiming to be from the IRS. The… Read more 11/3/2015 - Education Is the Best Tool to Fight Elder Fraud

11/2/2015 - How Older Performers Are Helping Us Rethink Aging

by on November 2, 2015 5:30 pm
“You may remember the line from the Buffalo Springfield song For What It’s Worth: “There’s something happening here, what it is ain’t exactly clear.” I couldn’t get that lyric out of my mind when I started wondering why so many star performers and visual artists are remaining creative and active in the second half (or last third) of their… Read more 11/2/2015 - How Older Performers Are Helping Us Rethink Aging

11/2/2015 - What Singapore’s plan for an aging population can teach the United States

by on November 2, 2015 5:27 pm
Singapore, one of the world’s fastest-aging countries, has announced a massive, multipronged plan to help its citizens age successfully — one that advocates say leaves the United States in the dust. Read the full article at The Washington Post.

11/2/2015 - 8 most dangerous places to use your debit card (CBS Money Watch)

by on November 2, 2015 1:01 am
Making all of your purchases with a debit card is a good way to avoid spending more money than you have and racking up debt. But it’s not always the smartest way to pay. In fact, using a debit card at some places or in some instances can be dangerous. That’s because debit and credit card… Read more 11/2/2015 - 8 most dangerous places to use your debit card (CBS Money Watch)

11/1/2015 - Alzheimer’s Link Leads to More Financial Planning

by on November 1, 2015 5:32 pm
People whose families have a history of Alzheimer’s disease are much more likely to seek expert financial advice and are more likely to delay retirement, compared with people for whom Alzheimer’s isn’t an issue, says a forthcoming study from professors at the University of Utah. Read the full article at The Wall Street Journal.

10/31/2015 - Flat Social Security checks spark debate (USA Today)

by on October 31, 2015 10:45 pm
Advocates for retirees cried foul after the government announced recently that Social Security recipients won’t be getting a cost-of-living increase next year because of falling prices, arguing officials aren’t considering their distinctive spending patterns.AARP and the Senior Citizens League said the Social Security Administration (SSA) instead should base its ruling on a special consumer price index for… Read more 10/31/2015 - Flat Social Security checks spark debate (USA Today)

10/29/2015 - China to End One-Child Policy, Allowing Families Two Children

by on October 29, 2015 2:05 pm
China’s Communist Party brought to an end the decades-old “one-child” policy on Thursday, when leaders announced that all married couples would be allowed to have two children in a bid to reverse the rapid aging of the labor force. Read the full article at The New York Times.