   For millions of television viewers, Dr. Frank Field has been the face of their nightly weather and science reports. For nearly fifty years, Dr. Field has been one of the most recognizable personalities at the flagship stations of the NBC and CBS networks and for the UPN network in New York, earning a respected reputation and garnering six television Emmy Awards in his career.  As early as 2008, the eldest baby boomers can begin receiving Social Security retirement benefits. In the years that follow, this generation’s retirement - combined with the fact that Americans are living longer - will put great pressure on our Social Security system, according to Rep. Paul Ryan (R-WI).  The Rule of 72 is a finance building block anyone can use to help predict the way your cost of living will increase depending upon the rate of inflation or how your investments will grow depending upon their annual rate of return. This month we received a letter from a retiree in New Jersey speaking to its importantce.  An average American couple retiring this year will need $200,000 to cover their healthcare costs for the next 20 years in retirement, not including the expense of long-term care. That alarming news is according to Fidelity Investments, which released its fourth annual estimate of retiree medical expenses on in March.  Report Says Medicare, Social Security Trust Running on Empty  National concerns over the financial solvency of the nation’s two of the leading entitlement programs could once again be heightened with the annual release of the Trustees Report on Medicare and Social Security. The reports, published on May 1, found that the Medicare hospital insurance trust fund could be exhausted by 2018, while the Social Security trust would be exhausted by 2040.  These days genealogy is gaining the attention of young and old. Searching for information about your ancestors can not only uncover interesting family history but in today's modern world of medical science and genetics, genealogy can also provide answers to our own heath by looking at our ancestor's medical conditions, state of health and what contributed to their demise. Professional Genealogist and Historian Joan Koster-Morales joins the staff of American Retiree with her new regular series: Genealogically Speaking.  The answer to keeping your brain functioning at full capacity well into old age may be as close as your local supermarket seafood counter.During October, seniors will be receiving information in the mail about the new Medicare prescription drug benefit from both Medicare-approved private plans and from the Medicare agency.  Teaching Retirees to Turn Their Votes Into Real Clout on Capitol Hill   Activist Stories  I.B.M., General Motors and Verizon Freeze Pension Plans As a New Year’s surprise to its employees IBM, which operates the third-largest corporate pension fund in the United States, said it would freeze pension benefits and only offer employees a 401(k) retirement plan in the future. In February General Motors the world’s largest automaker said it planned to freeze its retiree pension program, and introduce a defined benefit plan or cash balance plan, as well as make other changes in its retirement program for future retirees. Wall Street Says Corporations Are Burdened by Legacy Healthcare Costs The last few years have not been kind to America’s retirees. Recent years have seen the demise of several plans in the steel and airline industries. In 2004 United Airlines cast tens of thousands of its retirees into the welfare of the federal government run Pension Benefit Guarantee Corporation, forcing pension reduction of up to 70% for some retirees. |  Sign Up For Free Online Subscription!  When it is Time to Take The Keys Away In youth the initial the idea of  a driver’s license stands for one thing, total freedom. Upon the onset of adulthood, however, it evolves to the notion of long commutes, traffic, insurance rates, and the occasional car accident that all become a part of the driving experience. That is, until occasional car accident becomes a more frequent event and one’s ability to continue driving comes into question. Read Full Story Here. The Unplanned Parenthood  When relatives take on the full responsibility of a taking care of a child belonging to another family member it is not always easy - especially for grandparents taking on the role of caregiver to a grandchild or grandchildren. Read Full Story Here. Back to The Grind With No Alternative In a recent member poll by a national retiree  association, approximately one-in-five respondents indicated that mounting expenses have forced them to go back to work to make ends meet. Read Full Story Here. Fixing Social Security: Privatization and Other Alternatives  The federal Social Security Administration has predicted that the current Social Security system will start paying out more in benefits than it collects from taxes by the year 2018. Read Full Story Here. The Living Will: A Lesson from the Terri Schiavo Case/Draft Your Own Will  Terri Schiavo became a household name following court decisions that the Florida woman should be removed from life support despite objections from her parents and even President Bush. Read Full Story Here. Age Discrimination Rules Apply to Healthcare Federal Judge Says  A federal judge this spring barred the government from allowing companies to exclude retiree healthcare plans from age discrimination rules. The federal Equal Employment Opportunity Commission (EEOC) proposed change — which was rejected and that many retiree activist groups believed discriminated against some retirees— would have allowed companies to offer better healthcare packages to younger retirees than they give to older retirees. Read Full Story Here. |
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