Senior Newswire

March 7, 2016

Your weekly link to grown-up news and information from newspaper and

magazine publications, news organizations and web resources nationwide.

IN THIS ISSUE

Health

Money

Retirement

Social Security

Scams

Housing

Insurance

Caregiving

Working

HEALTH:
Daily Low-Dose Aspirin Linked to Reduced Risk of Certain Cancers: The effect was seen most strongly with colon, gastrointestinal tumors. HealthDay, March 3. 8 Things Younger Men Should Know About Prostate Cancer: Disease risks and decisions can differ for men in their 40s and 50s. US News and World Report, March 2.

MONEY:

On Eve of Retirement, Savings for Medical Costs Can Fall Short: Longer lives, rising costs and the limits of Medicare coverage have increased the amount people must save to pay for health care in retirement. The New York Times, March 4.

Reverse Mortgages Get a Makeover: Now, with lower costs and less risk, these loans can be a flexible source of retirement income. Kiplinger, April 2016.

3 Serious Problems With the 4% Retirement Rule: As useful as the guideline is, it isn't perfect. By realizing some of the controversies about the rule, you can make your own refinements that will tailor it to your own particular needs. The Motley Fool, March 4.

7 Ways Your Expenses Will Change in Retirement: Transportation and clothing costs decline, but watch out for new health care costs. US News and World Report, March 4.

How Much Retirement Income Do You Really Need? The common wisdom about how much income Americans need in retirement may not be so wise. CBS MoneyWatch, March 3.

The 5 Year Retirement Countdown: Yearning to retire in five years? Now's the time to get serious about planning for that transition. MarketWatch, March 3.

Do You Think You have Enough Money to Retire? This is one of the most-often-asked questions posed by people in their 50s and 60s. MarketWatch, March 2.

Older Women 80% More Likely Than Men to be Impoverished: Women must stretch fewer dollars over more years than men, leaving them 80% more likely to wind up in poverty at age 65 and older. MarketWatch, March 2.

Don't Let Shiny Things Reroute your Retirement: Over 40% of baby boomers have no retirement savings. This is a consequence of small daily decisions that have a profound influence on the thirty or so years they will live in retirement. MarketWatch, March 2.

Why Too Much Guaranteed Retirement Income Can be a Bad Thing: A financial planner told me that retirees should devote no more than a third of their savings to annuities. CNNMoney, March 2.

How to Prioritize Spending in Retirement: Your goals and expenses could change throughout your retirement years. US News and World Report, Feb. 29.

The 15-Year Sprint to Retirement: If you're one of the many with few - if any - investments, there's little time to act. US News and World Report, Feb. 29.

Average Americans Aren't Doing Enough to Save for Retirement: Too few Americans appear to be increasing their retirement contributions and monitoring their retirement plan investment choices. The Motley Fool, Feb. 29.

RETIREMENT:

8 Surprising Things You May Not Know About Retirement: As you advance toward retirement, it's a good idea to start sharpening the focus of your retirement vision. Kiplinger, March 2016.

States Ranked from First to Worst on Retirement: Bankrate's "Best and Worst States to Retire" list ranks all 50 states according to their cost of living, crime rate, health care quality, state and local tax burden, personal well-being for seniors and weather. Bankrate.com, March 1.

The 10 Best States for Retirement: Gone are the days of Florida being the only retirement destination on the map. Bankrate.com, March 1.

The World's Best-Kept Retire Overseas Secret: Consider these 11 reasons Medellin, Colombia, is an increasingly attractive retirement spot. US News and World Report, March 1.

Don't Use a 'Best Places to Retire' List When Deciding Where to Retire: Lists are fun to read and could possibly come in handy. But when it comes to something as individual as retirement, city and state rankings are a starting point at best. MarketWatch, March 3.

Retirement Crisis: Are We There Yet? A flurry of studies out in recent days reveal a

dramatic split between pre-retirees (nervous, not planning enough, eager for help from their employers) and the retired (things are fabulous for us, mostly). Next Avenue, March 3.

SOCIAL SECURITY:
5 Social Security Stats That Will Blow You Away: The program has had a huge impact on financial security for older Americans. The Motley Fool, March 6. Don't Make These 3 Social Security Mistakes: Being smart about Social Security means dodging these traps for the unwary. Motley Fool, Feb. 29.

SCAMS:
Social Security Email Scam: Scammers have a new way of getting to you. Their weapon: a phishing email claiming to come from the Social Security Administration. Consumer Reports, March 2. Identity Theft: How to Avoid Being a Victim: Identity theft is on the rise - are you doing everything you can to protect yourself? Grandparents.com, March 2.

HOUSING:

Movers Who Help Their Customers Stay at Home: Senior movers advise older adults on making the transition to a smaller home or a senior living center or remaining in their home. The New York Times, March 4.

How Retirees Can Plan for the Unexpected: Smart retirees anticipate unexpected home maintenance costs. MarketWatch, Feb. 29.

The Everything-in-One Promise of a Continuing Care Community: Continuing care offers retirees independent living with assistance when needed, but prospective residents need to evaluate communities carefully. The New York Times, Feb. 26.

INSURANCE:

Hybrid Long-Term Care Policies Provide Cash and Leave Some Behind:

Some plans combine nursing care with an annuity, offering monthly payments to the policyholder and a death benefit to survivors. The NY Times, March 4.

Dangers Lurk Within Health Savings Accounts for Retirees: Health Savings Accounts are surging in popularity - and that can lead to some complications for older workers who enroll in Medicare.

Make Long-Term Care Coverage More Affordable: Depending on your age, health, and the provisions of the policy, costs can range anywhere from $1,000 up to $5,000 a year for an individual policy that covers nursing home care, assisted living and in-home care. Huffington Post, Feb. 29.

CAREGIVING:

Where Financial Caregivers Can Find Help: The Consumer Financial Protection Board has an initiative to help financial caregivers in managing someone else's money, and this is especially important to senior citizen. Bankrate.com, March 3.

Living With the Parents I'm Losing to Alzheimer's: Elizabeth Wolf and her husband live in the house she grew up in and care for her mother and father. Even with help, the days are long. The New York Times, March 4.

How to Talk to Someone With Alzheimer's Disease: People with Alzheimer's disease are still people. US News and World Report, March 2.

WORK:

Considering a New Career in Retirement? Some Dos,

Don'ts: Many retirees look forward to spending their golden years relaxing, socializing and improving their short game. For some, however, all of that R&R is overrated. CNBC, March 1.

4 Ways to Ensure Your Work Skills Are Up-to-Date: One of the biggest stumbling blocks for job seekers over 50 is having the right skills to meet a prospective employer's needs. Next Avenue, March 2.

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