Retirement

12:06am

Fri July 5, 2013
On Aging

Seniors Flex Creative Muscles In Retirement Arts Colonies

Originally published on Fri July 5, 2013 2:51 am

Buster Sussman, 86, shown with his art instructor, Randall Williams, is a former real estate reporter who only recently started painting. His paintings were on display at the Burbank Senior Artists Colony.
Ina Jaffe NPR

Some famous writers, painters and musicians have done some of their best work in their later years — impressionist Claude Monet, for one. But at the North Hollywood Senior Arts Colony, older people are proving that you don't have to be famous — or even a professional artist — to live a creatively fulfilling life in old age.

With a fully equipped theater and painting and sculpture studios, there seems to be rehearsals or exhibitions of some sort going on here all the time.

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3:53pm

Sun June 9, 2013
Your Money

Golden Years Tainted As Retirement Savings Dwindle

Originally published on Mon June 10, 2013 6:58 am

Michael and Katharine Powers don't expect to be able to retire. Here, they are with two of their daughters and Michael's grandfather.
Courtesy of the Powers family

"I'm a carpenter/cabinet-maker/woodworker, and I think I'll be retiring the day I die."

Michael Powers, 47, is not alone in his retirement insecurity. According to a Pew study published in May, members of Generation X — aged 38 to 47 — are on track to be the first generation to do worse in retirement than their parents. Assuming they retire at all.

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1:00am

Wed May 22, 2013
Shots - Health News

Boomer Housemates Have More Fun

Originally published on Fri May 24, 2013 9:21 am

Group houses are becoming popular — again — among some single baby boomers, and not just for financial reasons. Marianne Kilkenny (second from right) shares her home in Asheville, N.C, with four other people.
Mike Belleme The New York Times

2:41am

Fri May 3, 2013
Your Money

John Bogle's Latest Advice: A 'Gatekeeper' For Your Nest Egg

Originally published on Fri May 3, 2013 10:14 am

John Bogle, founder of The Vanguard Group and president of the Bogle Financial Markets Research Center, says the government should set standards to protect Americans' retirement savings.
Mark Lennihan AP

Mutual funds, which have topped $13 trillion, are the way many Americans interact with the financial markets. You may have come across mutual funds when you set up an individual retirement account or a company-sponsored retirement account like a 401(k).

A "basket" of stocks, bonds or both, mutual funds are seen as safer to own than individual stocks. Having many in one basket spreads the risk, especially over time. But high fees, lack of diversification, or a focus on short-term gains can put your nest egg at risk.

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5:09am

Sun April 28, 2013
Your Money

What's Changed About Saving For Retirement?

Originally published on Sun April 28, 2013 4:40 pm

Transcript

RACHEL MARTIN, HOST:

We wanted to hear what younger people are thinking about when it comes to retirement and the viability of Social Security. Here's reaction from 20- and 30-somethings in Nashville, Tennessee.

ROD KELLY: I don't expect it to be there and I'm not planning on it to be there. I'm doing what I can right now to put into, like, IRA, you know, or Roth funds to make sure that I don't have to depend on it.

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