“If you can’t have a real Corvette, you can at least drive something designed to look like one,” said an employee of the Villages’ big golf-cart store. Plenty of the golf carts that roam the roads of the Villages in Florida look as if they had just come from the …
Twenty percent of those age 65 and up haven’t retired. Many can’t afford to. Just as single-income families began to vanish in the last century, many of America’s elderly are now forgoing retirement for the same reason: They don’t have enough money. Rickety social safety nets, inadequate retirement savings plans and …
When it comes to retirement, later may be better. Americans long viewed 65 as the age to stop working. It was considered full retirement age by Social Security for many, Medicare benefits kick in then and historical practice had established it as the goal. Now some experts are suggesting people …
TULSA — Tom Coomer has retired twice: once when he was 65, and then several years ago. Each time he realized that with just a Social Security check, “You can hardly make it these days.” So here he is at 79, working full-time at Walmart. During each eight-hour shift, he stands …
U.S. life expectancy is declining, new calculations show. The U.S. retirement age is rising, as the government pushes it higher and workers stay in careers longer. But lifespans aren’t necessarily extending to offer equal time on the beach. Data released last week suggest Americans’ health is declining and millions of middle-age workers …
“I’m going to work until I die,” says one 74-year-old in a generation finding it too costly to retire. ichard Dever had swabbed the campground shower stalls and emptied 20 garbage cans, and now he climbed slowly onto a John Deere mower to cut a couple acres of grass. “I’m …
World Economic Forum study calculates savings worldwide U.S. shortfall grows $3 trillion a year, report finds Longer life spans and disappointing investment returns will help create a $400 trillion retirement-savings shortfall in about three decades, a figure more than five times the size of the global economy, according to a …
CHICAGO (AP) — Suddenly jobless and with small children to support, Jose Victor Camargo without hesitation cashed out a retirement account he had with his former employer. That was more than a decade ago, and the father of three used the money to pay for rent and stay afloat until …
Policymakers need to learn the difference HOUSE Resolution 67, which Donald Trump signed last week, rolls back a rule that the Labor Department finalised late last year, which would have made it easier for cities and counties to run retirement savings plans for citizens who couldn’t get them through work. …
Traditional pensions have grown scarcer, life expectancies are generally greater and, for workers of all ages, planning is more important than ever. Five days a week, Kim Moske makes a peanut butter and jelly sandwich and brown-bags it to work. “I’ve been doing that for 30 years and saving what …
The exodus of the baby boomers from the work force resumes. More and more baby boomers begin the new year with nothing on their schedule but plans to golf, travel, and spend more time with the grandkids. The number of Americans aged 65 or older without a disability that aren’t …
Newly widowed, Kay McCowen quit her job, sold her house, applied for Social Security and retired to Mexico. It was a move she and her husband, Mel, had discussed before he passed away in 2012. “I wanted to find a place where I could afford to live off my Social …