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6/8/2013 - For Retirees, a Million-Dollar Illusion (New York Times)

by on June 10, 2013 6:10 pm
A million dollars isn’t what it used to be. In 1953, when “How to Marry a Millionaire” was in movie theaters, $1 million bought the equivalent of $8.7 million today. Now $1 million won’t even buy an average Manhattan apartment or come remotely close to paying the average salary of an N.B.A. basketball player. Still,… Read more 6/8/2013 - For Retirees, a Million-Dollar Illusion (New York Times)
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6/6/2013 - Wealth Lost in Slump Returns (Wall Street Journal)

by on June 10, 2013 5:27 pm
Americans have rebuilt much of the wealth they lost during the recession. The net worth of U.S. households and nonprofit organizations—the value of homes, stocks and other assets minus debts and other liabilities—jumped 4.5%, or about $3 trillion, in the first three months of 2013 to $70.349 trillion. That is the highest in nominal terms… Read more 6/6/2013 - Wealth Lost in Slump Returns (Wall Street Journal)

6/10/2013 - Is an Aging Workforce Less Productive?

by on June 10, 2013 4:09 pm
As the population grows older an increasing percentage of the workforce will be past age 60. Older workers are ordinarily thought to be less productive than younger ones, raising the question of whether an aging workforce will also be a less productive one. Read the full article at Brookings Institution.

6/9/2013 - Golden Years Tainted As Retirement Savings Dwindle

by on June 9, 2013 6:05 pm
For almost a century, it’s been a tenet of the American dream: Work hard enough, and you’ll get to rest and relax in your golden years. But retirement as we know it may be consigned to the dustbin of history. Read the full article at National Public Radio (NPR).

6/8/2013 - For Retirees, a Million-Dollar Illusion

by on June 8, 2013 6:00 pm
A million dollars isn’t what it used to be. Still, $1 million is more money than 9 in 10 American families possess. It may no longer be a symbol of boundless wealth, but as a retirementnest egg, $1 million is relatively big. It may seem like a lot to live on. But in many ways, it’s… Read more 6/8/2013 - For Retirees, a Million-Dollar Illusion

6/7/2013 - Should retirement savings be mandatory?

by on June 7, 2013 6:14 pm
Gone are the days of employee pensions in many job markets, which would guarantee a secure income in retirement. Unfortunately, many individuals are doing very little, or next to nothing, to replace this financial security. Read the full article at MarketWatch.

6/7/2013 - Grow fresh cartilage from adult stem cells

by on June 7, 2013 6:10 pm
Bioengineers are a step closer to growing new cartilage from a patient’s own stem cells. Read the full article at Futurity.

6/7/2013 - Fine Print and Red Tape in Long-Term Care Policies

by on June 7, 2013 6:03 pm
One of the big reasons people buy long-term care insurance is to avoid burdening a spouse or grown children when they can no longer care for themselves. But some family members are shouldering another type of burden: one that involves piles of paperwork and repeated phone calls, as they are forced to navigate a labyrinth of requirements… Read more 6/7/2013 - Fine Print and Red Tape in Long-Term Care Policies

6/7/2013 - The Future of Home Sweet Home (Part I): Housing

by on June 7, 2013 3:02 pm
An increase in older Americans deciding to ‘age-in-place’ has left many communities adapting to their ever-changing needs. Read the full article at AARP.
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6/5/2013 - Report: Entitlement changes to put seniors at financial risk (Washington Post)

by on June 6, 2013 8:46 pm
Nearly half of the nation’s elderly population is “economically vulnerable” and would be particularly hard hit by even modest changes in the Social Security and Medicare programs being considered to slow the growth of the nation’s long-term debt, according to a new report. Read the full article at The Washington Post.