Puerto Rico faces another cut to Medicare and grapples with an alarming shortage of Medicaid funds, The New York Times reports.» Read More
I recently coached a Boomer – 20 years of varied experience, deep industry expertise, substantial management background including P&L and staff oversight. You’d almost never know it!
The emergence of the new 'Social Media Maven' among Baby Boomers, coupled with the dramatic rise in their time spent on the Internet, indicates that social media has significantly carved out time generally reserved for traditional media.
Apologies are in a bull market. Not a week goes by without someone apologizing publicly for saying or doing something. This trend has not gone un-noticed by the Boomers. Just as they have done everything in a big way, they are apologizing profusely.
Though they're all classified as "Boomers," people born in 1946 don't have much in common with those born 18 years later.
The people born between 1946 and 1964 have been lumped together as the Baby Boom generation their entire lives, but their values and outlooks differ greatly along that 18-year spectrum. Researchers have divided them into four categories, according to their financial status and retirement plans.
Boomers have made a number of fascinating contributions to modern day American life over the last 30 years. Perhaps it’s time for them to reinvent the modern day American retirement as well.
It's been a difficult several years and companies have had to take on the unenviable task of cutting expenses to maximize bottom line profits. Earnings have required this as top line growth has been disappointing in the worst financial downturn since the Great Depression. And in this stormy environment, individuals as well are faced with the urgent task of trimming expenses instead of merely focusing on increasing asset values.
There was a time - not THAT terribly long ago - when boomers who had something to say took to the streets with signs of protest, usually against authority (especially the government). Sit-ins were the way to stand out.
Reigning in the deficit will be nothing short of a "suicide mission" for the people charged with the task, Alan Simpson, co-chair of President Barack Obama's bipartisan Deficit Reduction Commission, told CNBC Monday.
As the first wave of Baby Boomers reaches retirement age, predictions for the nation’s health care system have been nothing short of apocalyptic.
How unemployed Boomers can cope with age discrimination in the workforce, and why younger executives should accept them.
Federal and state officials, many facing record budget deficits, are starting to aggressively pursue companies that try to pass off regular employees as independent contractors. The New York Times reports.
Carly Fiorina, former Hewlett Packard CEO and Republican Senatorial candidate for the state of California, shares her thoughts on the Baby Boomer legacy of debt, and that impacts the future of the United States.
Major demographic differences with the rest of the nation could present roadblocks for future social and education programs, while delayed retirement will affect housing and labor market trends.
As the record federal budget deficit draws increasing scrutiny from Washington to Wall Street to Main Street, deficit hawks may take aim at entitlement programs including Social Security. And, the nearly 80 million Baby Boomers phasing into retirement will set in motion a dynamic that—if not addressed by Congress—could result in the next generation getting fewer benefits.
If you haven’t maxed out your 401k/403b contributions at work, you are eligible to take advantage of what is known as the catch-up provision. In essence, if you haven’t saved as much as legally possible every year you’ve been working, you are able to contribute an extra $5,500 per year (over and above the legal limit - $16,500) into your retirement plan in 2010.
A bipartisan group of former lawmakers and budget officials called on Congress and President Barack Obama Monday to commit to reining in trillion-dollar plus budget deficits to avoid dragging down the economy.
The Social Security Administration makes it official Thursday: There will be no cost of living increase for Social Security recipients next year, the first year without one since automatic adjustments were adopted in 1975.
Reverse mortgages are quickly turning into a main source of income for struggling seniors trying to stay financially afloat, industry analysts say. But the mortgages come with significant drawbacks, such as high fees, complicated paperwork and the possibility of owing more than the value of the home.
Even as the Obama administration braces for another grim report about job losses on Friday, economists say that the president’s $787 billion stimulus package has helped blunt the downturn in limited but discernible ways.