Posts Tagged ‘ Baby Boomers ’

Boomers in Retirement: Should You Keep up Your Life Insurance Policy?

Aug 22nd, 2013 | By Guest Post | Category: Senior Finances

Do You Need That Policy? After decades of hard work, retirees welcome that time when they can finally enjoy the years of relaxation they earned. Every day for the next 16 years, approximately 10,000 Baby Boomers will reach retirement age, according to Newsmax. Some will choose to remain in the work force, but if you’re [...]



BOOMERS DISCOVER THE DOWNSIDE TO AGING

Jun 6th, 2013 | By Dr Jerry D Elrod | Category: Senior Moments Blog

Statistics suggest that the rate of suicide among Boomers is on the rise. Reasons: lack of success, inability to emulate their parent’s style of living, a discouraging decline in economic promise, more indicators that the future looks bleak and so on.

With that discovery, some Boomers are turning to the frighteningly hopeless tactic of committing suicide. What a sad commentary on our times and the world we occupy. To be sure, aging has its downsides. No question that, with age, comes some difficult and disconcerting dynamics. Perhaps, having had it too easy has produced unrealistic expectations and shattered dreams.

Whatever the influences that contribute to the desire for escape,



BABY BOOMERS: WHAT’S HEALTH CARE GOING TO COST?

Jan 12th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Baby Boomers Plan for Health Care Costs in Retirement Various investment and financial institutions provide assistance to Baby Boomers planning for retirement and the attendant costs. Health care is one of the biggies.  So the question is: How much do I need to plan to spend on health care in retirement?// Fidelity (Boston) offers an [...]



WHEN SHOULD I START SOCIAL SECURITY BENEFITS?

Dec 4th, 2012 | By Sharon Shaw Elrod MSW EdD | Category: Social Security & Medicare

Calculate Your Benefits The question facing Baby Boomers after 62 or 66/67 years of age is “Should I start my Social Security benefits now or should I wait?” Sixty-two is still the minimum age for receiving Social Security benefits; the benefit is reduced if you begin to receive benefits before full retirement age.  Full retirement [...]



ADULT CHILDREN SUPPORT AGING PARENTS

Jun 4th, 2012 | By Sharon Shaw Elrod MSW EdD | Category: Senior Moments Blog

The feature article this week on SCJ’s Senior Finance page deals with a piece of research from Ameriprise Financial about Baby Boomers supporting their aging parents. The research addressed issues of support for the GEN X and Y groups as well. The piece caught our attention because we have heard from so many friends and family about their experiences supporting their elderly parents and/or their adult children and/or their adult grandchildren. It seems as though the economic issues are hitting every generation, and Baby Boomers are getting caught in the middle.

A recent discussion in which we were involved highlighted experiences senior couples had providing financial assistance to their adult children. Several couples were helping their adult children with mortgage payments.



BABY BOOMERS SUPPORT AGING PARENTS

Jun 3rd, 2012 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

The world of finances for senior citizens is changing rapidly.  Due to strained economics, many of us find ourselves running out of money we saved for retirement. It’s not what we planned.  But it’s what is happening now.  And it doesn’t help to read about politicians trying to make changes in our lifelines, Social Security [...]



PRODUCTIVE AGING IN AMERICA

Apr 5th, 2012 | By Sharon Shaw Elrod MSW EdD | Category: Senior Moments Blog

Senior Citizen Journal’s(SCJ) commitment to partnering with seniors for productive aging just received a huge boost. The Aging in America conference was held over the weekend (April 1, 2012) in Washington DC. The president and CEO of AgeWave, Ken Dychtwald said, “Anyone who thinks [the boomers] will turn 65 and be the same as the generation before are missing out on the last 60 years of sociology,” he said. “The boomers change every stage of life through which they migrate.” (HuffPost, April 2, 2012)

SCJ has been writing about the influence of Baby Boomers for almost four years now. Average longevity for men and women is now pushing 90 years. Living beyond 100 is no longer unusual. Seniors today know they probably have many productive years after they retire, if they retire at all. We’re looking at a new model of senior living.



RETIREES NUMBER 10,000 A DAY

Mar 6th, 2012 | By Dr Jerry D Elrod | Category: Senior Moments Blog

Someone has come up with this rather startling number. Ten thousand Baby Boomers are retiring every day. No one is credited with the statement, so we accept it as a given. Likely it isn’t too far off base. Just as there are fewer and fewer WWII veterans left, so there are more and more boomers coming to the age of retirement. Looking around, it feels as if it’s getting crowded in here.

More and more retirees have begun showing up in all kinds of places. More and more seniors are moving to the SunBelt, exploring options in Florida, and even abroad for retiring. More and more are qualifying for senior discounts. More and more appeals address age related products, medications, and so on.



BOOMERS: HOW ARE THINGS GOING SO FAR?

Nov 3rd, 2011 | By Dr Jerry D Elrod | Category: Senior Moments Blog

For Boomers who are still adjusting to the thrill of retirement and the flood of surprises, joys, tribulations and terrific opportunities that come with it, you may need to take a few moments to explore “how things are going so far?”

I must confess to some jealously toward you and your ilk. I was not born after WW2, but during it. Those times shaped me immeasurably. Because it was a time for sacrifice and loyalty and patriotism of a kind, not seen or experienced since, all of that worked its way into influencing who I have become. Now, however, we are on a more equal footing. We are retired, and coming with that have been some startling and unexpected downturns that are working on our world view, our economic reality, our cultural experience, our political mind set.



For Seniors Who Are New to Medicare

Mar 1st, 2011 | By Sharon Shaw Elrod MSW EdD | Category: Social Security & Medicare

This article is for those of you Senior Citizen Journal readers who are new to Medicare.  The Medicare.gov website suggests six things you need to do to get started with your Medicare benefits.  And in addition to these six suggestions, SCJ recommends reading the Medicare articles we posted over the past three years.  You will [...]