by Maureen Ayral, Intergenerational Trusted Advisor and a Premier Advisor for Wells Fargo Advisors, based in Tampa, FL. This article originally appeared on Next Avenue.
Planning for aging can often be a sensitive and unwelcome topic. A spectrum of financial issues may arise, from outliving our money, threats of financial exploitation or simply navigating how — and to whom — we wish to share whatever wealth we have. Older LGBTQ individuals may face unique financial challenges as they age, which could result in lost opportunities, poor decisions and financial loss for one or both of.... Read More
Blue Zones, Part 1: How the World’s Oldest People Make Their Money Last
by Richard Eisenberg. This article originally appeared on Next Avenue.
(In 2008, National Geographic writer Dan Buettner published his bestselling book, The Blue Zones: 9 Lessons for Living Longer From the People Who’ve Lived the Longest, about the five “longevity pockets” around the world: The Nicoya Peninsula of Costa Rica; Ikaria, Greece; Sardinia, Italy; Okinawa, Japan and Loma Linda, Calif. For this weekly series, Next Avenue Money and Work & Purpose editor Richard Eisenberg, a Gerontological Society of America Journalists in Aging Fellow, takes a different kind of look at the Blue Zones. Rather than focusing on their diets, he reports on how the people in the Blue Zones make their money last their.... Read More
by Kayla Sawyer. This article originally appeared on the NICOA blog.
The Federal Trade Commission (FTC) is getting more reports about people pretending to be from the Social Security Administration (SSA) calling to get Social Security numbers and even money.
This is a scam that is growing exponentially each year. In 2017, 3,200 people reported SSA imposter scams, and lost nearly $210,000, according to the FTC. Government imposter scams made up nearly half of the 535,417 imposter scams reported to the FTC in 2018.
by Kerry Hannon. This article originally appeared on Next Avenue.
I recently attended a Milken Institute Future of Health Summit panel in Washington, D.C. called Race, Gender, and Work: The Economics of Healthy Aging. The experts’ insights whizzed across a range of topics from caregiving to investing and jobs, but there was one common thread: the critical financial issues facing women. I was especially struck by the particular challenges they noted for women of color and low-income women.
“Whether you look at women through the lens of their labor force participation, pay equity, health participation or financial security, women are challenged to live the lives that are healthy, wealthy and secure, and to.... Read More
During April and early May, the National Indian Council on Aging (NICOA) will be sharing a variety of financial information and resources to celebrate Money Smart Week. One very important part of being money smart, especially for our Elders, is making sure financial needs for retirement are addressed. Fortunately, this week is the perfect time to evaluate your retirement plan, as it is National Retirement Planning Week.
National Retirement Planning Week is a national effort to help consumers focus on their financial needs in retirement. The goal is to promote the importance of comprehensive retirement planning. For many, retirement.... Read More
By Lydia E. Chévere, Social Security Public Affairs Specialist. To read this article in Spanish, click here.
National Social Security Month is celebrated in April and is dedicated to educating you about Social Security programs and services. From programs that help support you through life’s journey, to services that help put you in control, to systems that help protect what’s important to you, Social Security is committed to helping secure today and tomorrow for you and your family.
Dennis and Betty Smartt live in a neatly painted white-and-blue home on the Fort McDermitt Paiute and Shoshone Reservation, on the Nevada-Oregon border. They’ve spent their entire lives here, in this small tribal community of 600 people.
The Smartts, members of the Paiute Tribe, exemplify the challenges Native elders face as they get older in remote communities with poor health care access.
At their home, Dennis’ handcrafted eagle feather headdress adorns a stand in the living room. He recently returned from a trip to Fort Bidwell, Calif., where he spoke at a traditional gathering of elders for prayer and cultural talks. That trip illustrated some of the challenges the Smartts and.... Read More
Health Risks To Farmworkers Increase As Workforce Ages
That bag of frozen cauliflower sitting inside your freezer likely sprang to life in a vast field north of Salinas, Calif. A crew of men and women here use a machine to drop seedlings into the black soil. Another group follows behind, stooped over, tapping each new plant.
It is backbreaking, repetitive work. Ten-hour days start in the cold, dark mornings and end in the searing afternoon heat.
More than 90 percent of California’s crop workers were born in Mexico. But in recent years, fewer have migrated to the U.S., according to the U.S. Department of Labor. Researchers point to a number of causes: tighter border controls; higher prices charged by.... Read More
Aging Undocumented Day Laborers Face Uncertain Future
Every morning, Eduardo arrives at a day laborer center in Los Angeles to pick up his crew for the day. Depending on the working schedule, the 52-year-old man takes between two and four men to work in different projects, mainly in construction.
“Sometimes other [day labor workers] laugh at me because I often take the older men,” said Eduardo. “But I take them because they have less opportunity to be hired,” said Eduardo. For many years he also worked as a jornalero, a day laborer doing different types of work, such as gardening, construction, loading, plumbing and other physical work.
One of his most loyal workers is Gerardo,.... Read More
What Advocates for Older Adults Need to Know About the Budget Resolution
If you work with older adults (or have older adults in your life), you have a sense of what we all need as we age. The burden of high health care and housing costs on low-income seniors is growing, and fewer seniors can meet these basic needs: hot meals and enough food to eat, a stable home in the community, and quality health care. Unfortunately, Senate Republicans passed a budget resolution that would make this vision of aging more and more rare. The budget resolution.... Read More