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Baby boomers pass along time bomb of college costs

Baby boomers pass along time bomb of college costs | Baby Boomer Reality Check | Scoop.it
The fight is another example of the costs of education being transferred from the older to the younger generation, which will both affect the quality of their lives and produce less education.

 

I take exception with David Sarasohn, the author of this article.  Read the comments and join in!  The first commentor pretty much hits it on the head . . .

 

Click on the title to read and join in the conversation. . .Mike Macey

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Baby Boomer Reality Check
Retirement, Second Career, Caregiver, and Income Replacement
Curated by Mike Macey
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The State Of Social Security (infographic)

The State Of Social Security (infographic) | Baby Boomer Reality Check | Scoop.it
With the rumors of extinction of social security, a sustained high unemployment level and a strained economy, the future of social security is uncertain.


Fear not!  This infographic provides much needed information that may help you wade through the sea of bureaucratic red tape to a field of knowledge. Knowledge is power, so equip yourself and know what the future may hold for your retirement.

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Survey Finds Millennials Driving Demand for Emerging Cloud-BasedMobile Services; 66 Percent Interested in Tablets as Phones and SMSIntegration in Social Networks

Survey Finds Millennials Driving Demand for Emerging Cloud-BasedMobile Services; 66 Percent Interested in Tablets as Phones and SMSIntegration in Social Networks | Baby Boomer Reality Check | Scoop.it

According to a whitepaper, the annual spending power of Millennials is now at over $200 billion, and will eclipse Baby Boomers' by 2017. Accounting for 25 percent of the US population, the Millennials are estimated to be the largest consumer group in US history.


SAN FRANCISCO, CA, Jun 07, 2012
(MARKETWIRE via COMTEX) -- New US research by tyntec and YouGov around mobile communication and social networking reveals that among all age groups, young adults, or "millennials," are leading the pack in interest to adopt new cloud-based models for telephony, including integrating texting and voice capabilities into new devices and online services. According to the survey, 66 percent of smartphone users aged 18-24 are "very interested" or "interested" in using other devices such as an iPod, iPad or other tablet PC as a mobile phone. Similarly, SMS outpaced apps as the most popular feature among this age group, used by 81 percent of mobile phone users versus 12 percent for apps (mobile email trailed at eight percent). And, Millennials led strongly in terms of device sophistication with 64 percent owning a smartphone versus 55+ year-olds, where only 29 percent had a smartphone.


The April 2012 YouGov survey, sponsored by tyntec, surveyed more than 1,000 US respondents aged 18-55+ about SMS adoption, smartphone usage, mobile social networking and free/low cost calling and SMS alternatives.


Texting more important than beer and coffee--read more . . .

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What Is The Best Age To Start Collecting Social Security Benefits? From CanDoFinance.com

What Is The Best Age To Start Collecting Social Security Benefits? From CanDoFinance.com | Baby Boomer Reality Check | Scoop.it
Have you ever wondered what is the best age to start collecting social security benefits?


Unfortunately, there is no easy answer when it comes to choosing the right age to start collecting your Social Security benefits. There are several factors that come into play to affect each individual’s decision on the matter. In addition, older adults also have to think about how the total amount of their benefits could change according to the age at which the benefits are first collected. This article will walk you through a few of the key considerations that you might want to think about before choosing when to collect your Social Security benefits.

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Social Security for Dummies - Jonathan Peterson Tells How to Maximize Your Social Security Benefits — AARP

Social Security for Dummies - Jonathan Peterson Tells How to Maximize Your Social Security Benefits — AARP | Baby Boomer Reality Check | Scoop.it
Jonathan Peterson’s book, “Social Security for Dummies”, is a wealth of information to insure you’re receiving maximum benefits.


The Social Security program was created more than 75 years ago to protect aging workers and their families once they could no longer work. Amended at least several times since it was implemented, it has become a complicated and potentially confusing set of benefits to collect.


It is not always easy to decide when to start collecting benefits or how to sign up. There are even different types of benefits that will cover spouses, families, and disabilities.


Offering many tips to on understanding, navigating, and most efficiently working with Social Security Administration to claim your benefits, Jonathan Peterson, AARP’s Executive Communications Director, covers all the basics in his book; Buy Social Security for Dummies today.

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A Lot Of Boomers Don't Have A Clue What Will Happen To Their Assets When They Die

A Lot Of Boomers Don't Have A Clue What Will Happen To Their Assets When They Die | Baby Boomer Reality Check | Scoop.it

A survey at RocketLawyer.com reported that half of Americans with children have no will, while 41% of baby boomers have not legally stated who will get their inheritance.

 

Read more: http://www.businessinsider.com/report-41-of-baby-boomers-do-not-have-a-will-2012-5#ixzz1tlkLdhBz ;

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Nonprofits are hoping more Baby Boomers will volunteer

Nonprofits are hoping more Baby Boomers will volunteer | Baby Boomer Reality Check | Scoop.it
More Boomers are retiring, but the percentage of Boomers volunteering is on the decline.

 

WASHINGTON – Charities and nonprofits are looking for a few good Baby Boomers — well, lots of them, actually — to roll up their sleeves to help schools, soup kitchens and others in need.

 

Boomers are attractive volunteers, and it's not just the strength of their numbers — 77 million. They are living longer. They are more educated than previous generations. And, especially appealing: They bring well-honed skills and years of work and life experience.
"What we have with the transition of the Boomers across the traditional age of retirement is a great opportunity," says Dr. Erwin Tan, who heads the Senior Corps program at the Corporation for National and Community Service, a federal agency in Washington. Senior Corps helps connect older Americans to service jobs.

 

Read more  . . .click on title above

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PostFifty.com, a New Website Devoted to Active, Healthy Baby Boomers Launched May 1 | Virtual-Strategy Magazine

PostFifty.com, a New Website Devoted to Active, Healthy Baby Boomers Launched May 1 | Virtual-Strategy Magazine | Baby Boomer Reality Check | Scoop.it

New website http://postfifty.com is a dialogue about how we can live, work and play in an ethical, sustainable way. And enjoy every second of it." | Virtual Strategy Magazine is an online publication devoted entirely to virtualization technologies.

 

Read more . . .click on title above

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Lisa Orrell, Author: Boomers into Business: How Anyone Over 50 Can Turn What They Know into Dough Before and After Retirement (9781936214440): Lisa Orrell: Books

Are You a Boomer Seeking Ways to Generate More Income Now and Into Your Later Years? Yes? Then This is THE Book for You!

 

EBRI.org Retirement Readiness Rating™ Report: 47.2% of older Boomers (56-62) are at risk of outliving their retirement savings. And 43.7% of younger Boomers (46-55) are at risk of not having enough money for basic monthly expenses when they retire.

 

These startling statistics have millions of people 50+ wondering, "What can I do to make money, full-time or part-time, that is flexible, interesting, and possible to do into my golden years?"

 

"Boomers into Business: How Anyone Over 50 Can Turn What They Know into Dough Before and After Retirement" - (9781936214440): Lisa Orrell: Books...

 

 

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Salary and Career News Round Up: Gender-Based Pay, Hiring Managers' Secrets and Pinterest Recruiting - The Salary Reporter

Salary and Career News Round Up: Gender-Based Pay, Hiring Managers' Secrets and Pinterest Recruiting - The Salary Reporter | Baby Boomer Reality Check | Scoop.it
Every Friday we round up the salary trends, career stories and job news that you may have missed during the past week.

 

In a surprising new survey, more than half of the global workforce is contemplating a career move right now.


Hard-working baby boomers are being left in the unemployment rubble. What's preventing them from getting a job that leverages their extensive job experience?

 

Read more. . . click on title above. 

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50 Jobs for a Second Career

50 Jobs for a Second Career | Baby Boomer Reality Check | Scoop.it

Jumping to a second career can be exciting!


This list of second careers for 50-plus folks includes all the information you need to make a career change at 50, including salary and job training requirements.


See entire list and salary ranges . . .

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What You And Your Spouse Need To Know About Social Security Survivor Benefits From CanDoFinance.com

What You And Your Spouse Need To Know About Social Security Survivor Benefits From CanDoFinance.com | Baby Boomer Reality Check | Scoop.it
Did you know that you can collect your spouse's Social Security benefits? Check out our article on what you and your spouse need to know about Social Security survivor benefits.


When you think of Social Security, you probably think of a big pot of money that goes to retirees. In fact, the Social Security Administration provides retirement benefits to 38 million or so Americans. But you may not know that more than 55 million Americans receive Social Security checks.


Many of those who receive Social Security checks are not retired. They are disabled and are unable to work. And many more are the spouses and children of a Social Security recipient who died.


This article will focus on survivor benefits – how they’re earned and who is eligible to receive them – but first we’ll explain what Social Security is.

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Harvard and MIT Bring Their Courses to the Online Masses for Free

Harvard and MIT Bring Their Courses to the Online Masses for Free | Baby Boomer Reality Check | Scoop.it
A new joint initiative between Harvard and MIT demonstrates the schools' desire to open themselves up to more people.


Maybe it is time to take those classes you never had time to take!





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Baby boomers pass along time bomb of college costs

Baby boomers pass along time bomb of college costs | Baby Boomer Reality Check | Scoop.it
The fight is another example of the costs of education being transferred from the older to the younger generation, which will both affect the quality of their lives and produce less education.

 

I take exception with David Sarasohn, the author of this article.  Read the comments and join in!  The first commentor pretty much hits it on the head . . .

 

Click on the title to read and join in the conversation. . .Mike Macey

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Financial steps millennials to baby boomers need to know to prepare for disability

Financial steps millennials to baby boomers need to know to prepare for disability | Baby Boomer Reality Check | Scoop.it

Most people don't think they'll ever suffer a life-altering disability. However, a 20-year-old worker has about a three in 10 chance of suffering a disability before reaching retirement age, according to the Social Security Administration. As people's age increases, so does the likelihood of a disability forcing them out of the labor market. The average age of people receiving Social Security disability benefits is 53.

 

Whether a severe disability progresses slowly or occurs suddenly, most people are not financially prepared for a health crisis that forces them to stop working. The results can be financially devastating, both to sidelined workers and their families.

 

Read more  . . .click title above.

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How the Great Recession Has Ruined the Baby Boomer Generation

How the Great Recession Has Ruined the Baby Boomer Generation | Baby Boomer Reality Check | Scoop.it
There are very real issues and concerns Baby Boomers have in today's world.

 

The cacophony of discontent emanating from millennials towards Baby Boomers is cause for concern. In the interest of providing some balance to the postings on PolicyMic, this essay outlines some of the more important issues that are important to my generation.

 

The wealth that Boomers accumulated has been decimated by a series of financial crises beginning with the internet bubble and now with the Great Recession. Huge equity stakes in homes have been lost and pension fund assets are significantly lower, dramatically impacting the projected life styles of Boomers who are approaching retirement. Many would say it is the fault of Boomers who were duped during the housing bubble, but is it fair to criticize the optimism that was created by 1990s housing prices? And how can you blame Boomers for the performance of their pension fund assets?

 

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Baby Boomers Risk Retirement To Support Kids, Parents

Baby Boomers Risk Retirement To Support Kids, Parents | Baby Boomer Reality Check | Scoop.it

Baby boomers are putting their retirements at risk by spending too much on their adult children, according to a new study by Ameriprise Financial. The study looked at the various ways people age 47 to 64 are financially assisting aging parents, adult children, and saving for retirement -- and how it's hurting their savings goals: Only 24 percent of boomers said they are saving for retirement, compared to 44 percent in 2007.

 

"It’s really admirable to provide support to parents and adult children," said Suzanna de Baca, Vice President of Wealth Strategies at Ameriprise Financial. But post 50s need to consider a specific level of support and look at whether they are funding wants or needs. "Have an open conversations about what you really can do," she added. "Take parent-child relationship out of it. Address the needs versus wants, and the expectations in terms of amounts and timelines."

 

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Study Shows Successful, Ambitious People Really Do Have It All - The Salary Reporter

Study Shows Successful, Ambitious People Really Do Have It All - The Salary Reporter | Baby Boomer Reality Check | Scoop.it
We might admiringly say that someone doing well has it all, but new research shows that successful, ambitious people live longer and are happier than their less-driven peers.

 

This research began in 1922, when psychologist Lewis Terman of Stanford began studying over 1,500 high-intelligence children in California. Over the next 70 years, the participants were asked about their activity patterns, vocational histories, emotional development, home life and other data.

 

"I guess you could say that those people got it all," said Judge. "Of course, we don't know what they did to claw their way to the top, but they took their aspirations and made good."

  

Read more. . . click on title above.

 

 

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