Typical Generation Xers now in their late 30s to late 40s saw their net worth drop by a larger proportion than older Americans during the financial crisis and came out of it less prepared for retirement than the post-World War II boomer generation, according to a new study. Read the full article at MarketWatch.
Who will care for you when you get old? If that’s a scary or uncomfortable question, you are in good company. Most people don’t want to think about their long-term care needs and when they do, they tend to have major misperceptions of what it costs and what the government will pay for. Read the [...]
Conventional wisdom says homeowners should pay off their home loans before retirement. But for some affluent seniors, a mortgage may be a better financial decision. Read the full article at MarketWatch.
One frequent knock on the official poverty rate is that it generally excluded income from some government programs like food stamps and the Earned Income Tax Credit, but included income from others, like Temporary Assistance for Needy Families (TANF) and Social Security. That means people who, if those benefits were treated as cash, wouldn’t be [...]
According to the World Health Organization, chronic hepatitis B affects approximately 240 million people worldwide and 1.2 million in the U.S. The good news is that there is a quick, one-time blood test to determine whether you have the disease and have the antibody that protects against getting it, and there is also a safe [...]
“There are two trends that are going in opposite directions. One is the increasing number of elderly people, and the other is the decline in the number of people to take care of them,” said Jim Osborn, a roboticist and executive director of the Robotics Institute’s Quality of Life Technology Center at Carnegie Mellon University. [...]
Sleep apnea, the condition that robs sufferers of deep sleep by endlessly and subconsciously waking them up, becomes more common as people age. Now, a small new study raises the possibility that it may somehow cause — or be caused by — Alzheimer’s disease. Read the full article at U.S. News and World Report.
More than 5 million Americans are currently living with Alzheimer’s disease, and the National Institute on Aging estimates that that number is going to triple by 2050 — in part due to aging baby boomers. Read/listen to the full story at National Public Radio (NPR).
In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. By that definition, Dan Prescher is a sophisticated arbitrageur. The 58-year-old makes a decent living as a special projects editor for International Living magazine. But by residing in the village of Cotacachi in the Ecuadorian Andes, he [...]