An alarming percentage of boomers are not financially prepared for retirement.
One quarter of boomers in the U.S. have no retirement savings at all, and the median retirement saving for all boomers is only $40,000, according to a 2011 Associated Press/LifeGoesStrong.com poll.
If you are facing retirement age and don’t have enough saved, it’s not too late to make a difference. These nine tips will help you build your retirement savings and feel more confident about your financial future.
In a difficult job market, older workers who want to supplement their retirement or Social Security income may have an advantage over younger workers. Consider how a part-time job will help you get your foot in the door and earn extra money.
You don’t have to be a bodybuilder to benefit from strength exercises. Having strong muscles helps you maintain balance and prevent falling, a leading cause of injury for older adults. Strength exercises also help you get around easier and keep your independence longer. And did you know that working your muscles can help you lose weight by increasing your metabolism?
If you have an elderly friend or family member, you may notice that it becomes a bit more challenging to communicate as the years go by. Elderly people who have even mild dementia, or a chronic health problem such as hearing or vision loss, may not be able to understand and respond to you as they once could.
The popularity of RV travel continues to grow, especially among boomers and new or soon-to-be-retirees. Perhaps the economy plays a role, because RV travel can be an economical way to vacation, despite high gas prices.
For many, the word “senior” is synonymous with “old.” When I first started writing Senior Living I had a problem with that word too, but I’ve come to realize that what you’re called is less important than how you see yourself. Some people are old at 50, others are young in spirit and vigorous at 80.
I asked Senior Living readers what they prefer to be called, and got a variety of interesting–and funny–replies. If you have an opinion about what to call older adults, I hope you’ll add your two cents.
For many people, medical appointments are stressful. Managed care dictates that medical appointments are often limited to 20 minutes or less, the doctor is in a hurry to stay on schedule, and it’s hard to remember everything you want to say.