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Where to retire, When to retire? How much money do I need? How to survive the early retirement? Should I retire or work longer? Should I withdraw my Social Security now or wait?
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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, ...
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We are all familiar with the most popular stories from “The Tales of a Thousand and One Nights”. But what you may not know is that this expansive collection of stories has no named author or authors, no dates or places of composition and no single national tradition. In Marina Warner’s new book “Stranger Magic” she offers this guideline to the stories: “I think,” she writes, “that the reader should enrich what he is reading. He should misunderstand the text; he should change it into something else.” She believes that the reality of magic resides at two poles: one the poetic truth and the other bound in inquiry and speculation.
We as investors are guilty of wishing for, even trying to conjure magic for our investments and the portfolios in which they are nested. We attempt to make the leap from the known to the unknown, to embrace the magical thinking of a thousand different storytellers. And like this tale, there is always another story left incomplete at dawn.
So I thought today on the Financial Impact Factor Radio with Paul Petillo, Dave Kittredge and Neil Plein we’d discuss the magical thinking around the portfolio rebalance. We have watched with great amazement, our investments rebound and take on new life in 2012. Markets are up and this is one of those rare feel-good moments. Unfortunately, feeling good isn’t something you relax with when it comes to how you are invested. In fact, the maintenance these portfolios require is often counterintuitive. If your car, for instance is running and performing as it should, we are not inclined to look under the hood for potential problems. Rebalancing a portfolio however requires you to do just that: look for a problem where you might not have thought one exists. As I mentioned earlier, there are a thousand and one ways to do this. So let’s start there.
A quick glance at your statement might reveal a strong move to the upside. Why should we do anything?
How do we know when to do this and I have asked numerous guests who come on the show how do we pick our risk level, which is essential in the rebalancing?
How do we get beyond the concept of funding our losing positions and selling off our winning ones in an effort to adjust our portfolios?
Listen to Financial Impact Factor Radio with your hosts:
Paul Petillo of Target2025.com and BlueCollarDollar.com,
Dave Kittredge of FinancialFootprint.com and Neil Plein of InvestnRetire.com
On a recent episode of Financial Impact Factor Radio, we discussed the topic of insurance. If you have never tuned into this show, I think you will find it interesting and topical. We have a wide range of guests and often discuss the very questions that concern Baby Boomers, their children and their parents. Because being a Boomer is more than just being a certain age. All of our shows on Financial Impact Factor Radio can be found here.
As a Boomer, I am always intrigued by the offers that begin showing up in my inbox/mailbox. Although they don't on the surface seem to be age related, one can't help but read between the lines. Are they talking to me? Are they worried about whether I will make it to the end? That "end" involves satisfying the largest debt any of us will ever own: our mortgage.
Last week I received a letter in the mail from the bank that holds my mortgage that would make most mortgage holders think twice. It was the offer of life insurance. My bank might think there are good reasons for offering this product that is different that many of the other types of insurance offered with these types of loans. For instance, PMI is private mortgage insurance the bank makes you buy if you are putting less than 20% down on a mortgage. The sole beneficiary in this instance is the lender, who knows that if you are going to default, this riskier loan covers their interest in the transaction. Known as PMI, its cost has begun to weigh on borrowers who find their loans underwater. Once you pass 78% mark because the value of your house compared to the amount of your initial downpayment, you can cancel the policy.
There is also mortgage insurance which for some borrowers seems like a good option as well. Essentially the lure of this product is to pay-off the mortgage in the event of your death. The insurer doesn’t pay you directly instead writing a check directly to the mortgage company or lender.
The letter I received offered a term policy that would last until I turned 80 years old, which is about 26 years from now. Like all insurance policies it plays on your fears and comes at a time when the typical term policy is about to expire if you bought insurance in your thirties, which is typically the time when most folks consider coverage. But it isn’t cheap. In fact, this sort of policy has a seven year flat rate, just a few medical questions without an exam and of course the tug-on-your-heart-strings assurance that your loved ones will be taken care of.
So today I thought we’d talk about late in life insurance coverage and whether we should consider it.