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As last century's legendary bank robber, Willie Sutton, said: the fraudsters usually go "where the money is." That means that fraudsters target citizens who are retired or who are about to retire, as well as baby boomers who have been accumulating a big sum of money through their 401(k) retirement plans and their personal bank accounts.
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Women who take charge, do the math, plan for contingencies and work with their partners and/or financial advisors have a better chance of securing their finances in retirement than those who shrink from the process.
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Consumers who use Health Savings Accounts (HSAs) and will soon be eligible for Medicare should be aware of certain changes.
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It can be expensive, and some think it's a needless expense. The exclusion period can seem endless. For those who have bitten the bullet, it can be a blessing during a catastrophic time.
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Being a member of the working sandwich generation — those who are holding down a full-time job while raising children and simultaneously serving as a caregiver for older relatives — comes with a steep price tag. New findings released from MetLife’s 8th Annual Employee Benefits Trends Study help quantify some of the pressures and costs and increasingly point to the workplace as a potential source for assistance.
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Many experts predict that even after America emerges from its present economic problems a more formidable financial challenge looms just over the horizon as its citizens have fallen behind on saving for retirement. With professional guidance, a generation of future retirees could correct their course before it's too late, but many are not seeking that help.
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Retirement is being rejected by a new breed of wealthy workers – the 'Nevertirees' - who want to carry on working for as long as they are able, says Barclays Wealth in its latest Insights report, The Age Illusion: How the Wealthy are Redefining Their Retirement.
Sixty percent of wealthy individuals polled in a global survey say that they plan to become a Nevertiree, shunning traditional retirement, instead continuing to work, start businesses and take on new projects in their later years.
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With the Annual Enrollment Period for Medicare Part D beginning on November 15, CVS/pharmacy and the National Council on Aging (NCOA) are urging older adults and their caregivers to review their Medicare Part D options in order to find the lowest cost plan that meets their needs.
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Are you a wartime veteran (or the surviving spouse of one) with a medical condition that requires the assistance of another person? Are you receiving this care from an Assisted Living Community, a Home Health Care Agency, a Skilled Nursing Facility or even a family member?
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In response to the dire warnings issued in the Social Security and Medicare Trustees Report, RetireSafe and its 400,000 senior supporters called on the President and Congress to take immediate action to secure the promised benefits older Americans rely on.
"With unfunded liabilities of up to $100 trillion and the Social Security Trust Fund scheduled to pay out more than it takes in by 2016, America's seniors deserve to know that the Social Security benefits they rely on to make ends meet will still be there for them," said RetireSafe President Michelle Plasari.
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