Friday, July 25, 2014

Retirement planning is more than just Social Security, an IRA, and a 401K, it’s important to also consider your healthcare.

Retirement planning is more than just Social Security, an IRA, and a 401K, it’s important to also consider your healthcare.

Create an Advance Directive

An advance directive is a document that names someone you trust to make health decisions if you can’t. It’s basically a durable power of attorney that you can obtain from your attorney, health provider, local aging agency, or state health department. You’ll want to carry a copy on your person, as well as give a copy to your attorney (if you have one), healthcare provider, family, and friends.

Devise a Long Term Care Plan

According to the Center for Medicare and Medicaid Services, 70% of all persons 65 and over will require Long Term Care (LTC) at some point. It’s important to note that Medicare doesn’t cover Long Term Care, therefore devising a long term health plan while you’re healthy will lessen confusion for you and your loved ones if an emergency or serious illness occurs.

LTC is considered custodial care which includes bathing, housework, caring for a pet, eating, and long term nursing. The ways to plan for this type of care is to designate a family member or friend for your custodial care, research Long Term Care facilities in your area, and look into Long Term Care insurance. LTC insurance can be very expensive and should be purchased as early as possible to be affordable and meet eligibility requirements.

Medicare Options for Short-Term Care

There are other health issues that can come up during your retirement other than becoming incapacitated or needing custodial care. For instance, Skilled Nursing Facility, Inpatient Rehab Facility, and Home Health Care are there to meet your needs if you have an injury or a stroke or are in need of short term care. If you have Medicare, Home Health Care is at no cost to you, except for durable equipment, but if you need Skilled Nursing Facility or Inpatient Rehab Care you could owe quite a bit out of pocket because deductibles and coinsurance applies.

Medicare’s limitless out of pocket costs can be lessened if you have job-based insurance, VA benefits, Medicaid, other retirement benefits or Medicare Supplement insurance (Medigap) or a Medicare Advantage plan. As with Long Term Care, you’ll want to purchase Medigap early (when you first enroll in Part B) to ensure eligibility, as well as keep the cost down.

Along with all of the above,preventive care, like exercising regularly, eating a well-balanced diet, quitting smoking (Medicare helps with smoking cessation), visiting your doctor regularly, and getting your vision checked, can help prevent illness, falls, and injury.


Author Bio

Amy De Vore helps boomers understand the difference between Medicare Advantage and Medigapfor Senior65. When she isn’t writing about healthcare she is an MFA candidate at University of Riverside, California.


Thursday, April 24, 2014

What Did Retirement Planning Week Teach You?

What Did Retirement Planning Week Teach You?
BY: Bonnie Pham

The week of April 7-11 is one that went by for most people without much fanfare. Without realizing it, they missed what was, perhaps, one of the more important weeks for consideration among those who are facing retirement. That week in April was national retirement planning week, and it is one that can help you to look to the future and plan for a time in your life that can either be enjoyable or stressful, depending upon how you plan for it.

According to current statistics, there are approximately 10,000 individuals who retire from their jobs each and every day. Unfortunately, although the number of retirees is increasing, the amount of financial planning that takes place in advance of their retiring is on the decline. It is estimated that only one out of every three individuals who are retiring are doing so with an optimistic outlook for their golden years.

The process of planning for retirement is one that can begin in a very young age. With careful planning and the development of a budget, you can begin setting aside for your retirement years from the time that you enter into the workforce. Setting up retirement accounts, such as a 401(k) is something that is typically done through your place of employment. Although most people are not a financial expert, employees often hire companies that will assist them through the process and in making sure that the employees are well cared for by the time that they retire.

Something else that needs to be considered is the retirement age. Although there are specific ages that are established on a federal level, there is no reason that you would need to wait until that age to enjoy what retirement has to offer. With careful planning, it may be possible for you to retire at a much younger age and to do so with a significant nest egg which will provide for you and your family for the long-term.


1.       "National Retirement Planning Week is April 7-11" from

2.       "Retirement Plan Services" from BayPoint Benefits:

Sunday, December 29, 2013

Half of U.S. Households 'At Risk' in Retirement

The workinge life for Boomers and Seniors are extending into the 70s.
I noticed that this phenomenon situation started in the last 5 to 6 years.
I remember older generation like my parents and their co-horts 
were happily retired when they reached their 60s. 
At the age way past 60s, some of us simply can not retire and if we
have retired, many have had to go back to work and probably
have to work until they reach their mid 70s. 

1) Not saving enough.
2) The Economies ruined all their retirement nest eggs.
3) The housing bubbles and the housing bust ruined their retirement vested
in the equities of their homes.
4) Social Security payments are not keeping up with the cost of living.
5) Social Security represent only 1/3 to 1/4 of their previous income. 
6) They are having difficulties adjusting to their new, meager lifestyles.

According to the article from, 
this report from The National Retirement Risk Index also
shows that 1/2 of U. S. Households are 'At Risk' in Retirement....


Insider Report from 
Half of U.S. Households 'At Risk' in Retirement
Half of American households are considered to be "at risk" of being unable to maintain their current standard of living once they enter retirement.
The National Retirement Risk Index (NRRI) is calculated by comparing retirement income as a percent of pre-retirement income with target rates that would allow retirees to maintain their pre-retirement standard of living.
The NRRI shows that in 2013, 50 percent of households were at risk of lowering their standard of living once they retire.
That is up from 44 percent in 2007, and down only modestly from 53 percent in 2010, despite huge gains in the stock market and a rebound in housing values since 2010, according to a report from the Center for Retirement Research at Boston College.
The reason the improvement has been modest is that most of the gains have occurred in the stock market rather than the housing market. Since the third quarter of 2010, equity prices have increased by 45 percent after adjusting for inflation, while house prices have increased only about 6 percent.
"The house is a much more significant asset than stock holdings for most households, making trends in house prices a major influence on the NRRI results," the report states.
For low-income households, equities comprise only 2 percent of total wealth. For middle-income households, the figure is 6 percent. But high-income households have 17 percent of their total wealth in stocks.
As a result, 60 percent of low income households are considered to be at risk, as are 52 percent of middle-income households. But just 40 percent of high-income households are at risk.
"The fundamental message [is] that half of today's working-age households are unlikely to have enough resources to maintain their standard of living once they retire," according to the report. "The only way out of this box is for people to save more and/or work longer."

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West Palm Beach, FL 33407 USA 

Friday, August 30, 2013

Boomers & Caregivers.

Doom and gloom naysayers .. .However, perhaps it is going to be the future for old age boomers..

Full coverage

Retiring boomers face caregiver shortage

MarketWatch (blog) - ‎Aug 27, 2013‎
Most people age 65 and over who need caregiving help get at least some of that help from their families –often, from their boomer-generation children. But as a new report from the AARP Public Policy Institute makes clear this week, the boomers may struggle ...

In Coming Decades, Fewer Caregivers

New York Times (blog) - ‎Aug 26, 2013‎
If you're a healthy baby boomer looking after your own elderly parents, that question may not have crossed your mind just yet. But it's going to be a big issue going forward. The AARP's Public Policy Institute issued a report on Monday suggesting that potential ...

AARP: Fewer people will take care of baby boomers

The Seattle Times - ‎Aug 26, 2013‎
A report released Monday by AARP projects that by 2030 there will be only four potential caregivers available for each person 80 or older, down from a high of more than seven in 2010. By Tara Bahrampour. The Washington Post ...

AARP kicks aging baby boomers when they're already down

Los Angeles Times - ‎Aug 26, 2013‎
The end is near. No, really. And it's not going to be pretty. Don't take it from me, though. The ones issuing the doomsday proclamation this time are the folks at AARP. And they're talking about you, baby boomers. Seems it's the same old mathematical equation ...

Baby boomers may have no one to care for them in old age

Los Angeles Times - ‎Aug 26, 2013‎
Baby boomers may have no one to care for them in their old age. Shifting demographics mean that aging boomers will have fewer friends and family members to take care of them as they get into their 80s, according to a new study by AARP. In other words ...

AARP: Senior Caregiver Supply to Plummet as Boomers Age

Senior Housing News - ‎Aug 27, 2013‎
Fewer older Americans will be able to remain living in their homes as they age, predicts AARP in a new report, as the number of potential caregivers shrinks dramatically compared to the coming boom in seniors at risk of needing long-term care.

Aging Boomers Will Result In Massive Decrease In Caregiver Availability

RedOrbit - ‎Aug 27, 2013‎
Baby boomers who are currently caring for their elderly parents might not have anyone around to fill that role during their twilight years, according to a new study from AARP. According to the study, the ratio of potential caregivers to older men and women in ...

As baby boomers age, caregiver shortage grows

MSN News - ‎Aug 27, 2013‎
An AARP report predicts the ratio of family caregivers to the elderly will plummet in the coming decades. MSN News 3 days ago James Eng of MSN News. share · tweet · email. Americans who believe they'll be able to rely on their families as caregivers when ...

Baby Boomers May Fall Short of Caregivers by 2030

Headlines & Global News - ‎Aug 27, 2013‎
Americans should anticipate a huge shortage of caregivers available to take care of the boomers in the next decades. (Photo : Reuters). Americans should anticipate a huge shortage of caregivers available to take care of the boomers in the next decades, the ...

Baby Boomers May Not Have Caregivers in Old Age

Austrian Tribune - ‎Aug 27, 2013‎
It has recently been suggested by shifting demographics that baby boomers could be having lesser or no friends to look after them when they enter their 80s. The ageing boomers are even unlikely to have family members by their side. The same does not ...

Can technology close the care gap for Baby Boomers?

GigaOM - ‎Aug 26, 2013‎
A report from the AARP shows that as Baby Boomers age, the number of potential caregivers will dramatically decrease. Policy changes are need to address the shortage, but technology could make a difference too. elderly. Baby Boomers may be stepping up ...

AARP Report Projects Caregiver Gap for Aging Baby Boomers

Millionaire Corner - ‎Aug 26, 2013‎
"The supply of family caregivers is unlikely to keep pace with demand to assist the growing number of frail older people in the future." Article | Mon, 08/26/2013 - 13:18 | By Donald Liebenson. A new AARP report will not ease Baby Boomers concerned about ...

You Take Care of Mom, But Who Will Take Care of You?

AARP News - ‎Aug 26, 2013‎
WASHINGTON, DC – The pool of family and friends to care for Baby Boomers as they age into their 80s will be less than half as deep as it is today, according to a new report from AARP. The report predicts the ratio of potential family caregivers to elders ...

Help! Who Will Care for Baby Boomers When They Need It?

AARP News (blog) - ‎Aug 26, 2013‎
Many hands may not really make light work, but at least they help. The abundance of baby boomers means many can care for their aging parents. But a sobering report released today by the AARP Public Policy Institute shows that within the next 20 years, ...

Thursday, May 30, 2013

Mutual Funds: investing in fixed income

Here is just one of the numerous articles I published on Answers. Please visit Mutual funds are numbered in the tens of thousands investing in every conceivable investment opportunity. They range from equity (stocks) to fixed income (bonds) to money markets, commodities and beyond. And they break down even further to investments focused on domestic offerings to international, emerging markets to total global coverage. You can read the full article here.

Sunday, February 10, 2013

Are We Really That Old?


Are we that old - wow !!! 
YEP, That's what is going on. Time Flies when You are havin FUN!

Monday, November 5, 2012

Keeping Joints Healthy and Avoiding Injury

Keeping Joints Healthy and Avoiding Injury

Avoiding joint injuries is key to long-term joint and hip health, since each injury to your hips, large or small, can contribute to chronic joint problems later in life. Hip problems are among the most common causes of disability in adults, so keeping those hard-working joints in good shape is essential to maintaining an active and enjoyable lifestyle throughout your retirement. Whether you are in your 20s or approaching the senior years, there are very simple steps you can take to keep your hips strong and healthy.

Regular exercise is extremely important to keep joints strong and healthy. The hip joints need the support of strong bones, muscles and connective tissues to function at their best. Strong and flexible muscles keep the joint well-aligned and stable for smooth, efficient function, reducing wear-and-tear damage that can lead to injuries and arthritis. Strong bones reduce the risk of hip fractures and joint deterioration, and daily exercise is essential to maintaining bone strength, stimulating the production of new bone cells.
Maintaining hip health requires just half-an-hour of moderate weight-bearing exercise, five days a week. A walk or bike ride after dinner would do, or taking the stairs regularly at work rather than the elevator. Aerobics and swimming are great for hip health, as are low-intensity weight-lifting or resistance training. Limiting high-impact exercise that involves a lot of running or jumping is wise, since these activities pound at the joints, increasing the risk of joint injury.

Weight Control and Nutrition
Eating well helps maintain hip health in a number of ways. Maintaining a healthy body weight is very important to the health of weight-bearing joints, since being too heavy causes unnecessary stress and wear. Eating a wholesome, well-balanced diet provides your body with the vitamins, minerals, proteins and other nutrients that it needs to build and maintain strong muscles and bones. Nutrients especially important to bone, joint and muscle health are vitamin C, which helps in collagen production, calcium and vitamin D for bone density, and omega-3 essential fatty acids to aid in maintenance of cartilage and other connective tissues.

Why Hip Health Matters
Hip fractures, arthritis and other chronic degenerative conditions disable a huge number of people every year. At especially high risk are adults over the age of 55. A quarter of all Americans are affected by hip arthritis in their lifetimes, 352,000 hip fractures happen every year, and in 2010, 458,000 hip replacements were performed.

Hip replacement has restored many people disabled by hip problems to active lifestyles, but they are by no means a quick and easy fix. Recovery takes months of hard work, and like any surgery, there are risks. Additionally, hip replacement has been problematic for quite a few patients lately, due to issues with faulty hip implant devices. Several metal-on-metal devices have been recalled recently due to high rates of failures and complications. Many with these implants suffered metallosis, which is a serious and very painful inflammatory condition caused by metallic implant debris. Metallosis can lead to tissue death and bone loss around the implant and has led to many painful and costly revision surgeries.

Elizabeth Carrollton uses her background in journalism to write for She is dedicated to educating the public about medical safety and important decisions that can impact a person’s health and life. Much of her work at Drugwatch includes editorials pertaining to hip replacements and alternatives to relieve pain, as well as complications and hip replacement lawsuit information.