According to the Insured Retirement Institute only 54% of baby boomers have tried to calculate a financial goal for retirement, just 45% have consulted with a financial planner and 43% do not consider themselves knowledgeable about making financial investments. In terms of preparedness, the overall attitude of Boomers nearing retirement is pessimistic, with 6 out of 10 expressing concern about outliving their retirement savings.
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Sometimes cheaper is not always better. We think we can get away with cheaper coverage until we experience the result of our decision when a major event happens. Hurricane Irene will most likely prove to be one of the 10 costliest catastrophes in the nation’s history, but analysts warned that much of the damage might not be covered by insurance because so much of it was caused not by winds but by flooding, which is excluded from many standard policies. To view the complete article please click here insurance_gaps_for_Irene_floods
It’s a tough time for job seekers, and scammers are taking advantage of that through online posts, according to KXTV News 10. The Better Business Bureau says people in the Sacramento region are complaining of job scams, especially work-at-home schemes. It’s tough enough trying to get through in this economy. Now we have to be concerned about job scams in addition to home foreclosures, increasing bank fees, loss of jobs, medical rates sky rocketing, etc. Read the full article by clicking here Better Business Bureau warns of job scams
Laid-off workers and baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvincy. Applications are up nearly 50% over a decade ago as people with disabilities lose their jobs and can’t find new ones in an economy that has shed nearly 7 million jobs.
The stampede for benefits is adding to agrowing backlog of applicants – many waiting two years or more before their cases are resolved.
Is it time to think about making sure we and our loved ones are protected outside the government programs?
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The federal government’s standard of need bears little relation to reality for many senior citizens, particularly in high-cost housing. This article presents a view many of us are not aware of. Many of our povershed seniors feel that “America is a nice place for the young, but for the old, it is no good”. This situation speaks to making sure that you and you loved ones are protected as they age. With 8,000 American’s reaching 65 years of age a day we really need to start thinking of our we are going to care for them. Click here to view the full article. Redefining Poverty
Found this article in the Paper this morning. It addresses situations where Alzheimer’s is starting to affect people under 50 years. “At 65 and younger, most people don’t expect this diagnosis. They have many responsibilities, and they haven’t slowed down, either physically or mentally.” This is quite a disturbing realization and addresses the issue … are we protected against any unforseen event that could financially destroy our immediate and extended family? Click here to read article Alzheimers_under_50
