senior citizens – The News Desk

10Dec

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Health

No, Social Security Isn’t ‘Earned’

Joe Biden and Donald Trump have something in common: Neither wants to touch Social Security. The program’s benefits “belong to the American people,” Mr. Biden said in February. “They earned them.” A month later Mr. Trump said: “We’re going to take care of our Social Security—people have earned that.”Both men have used the program as a cudgel against political opponents who have supported reining in benefits to balance the program’s troubled finances. The same goes for Medicare, which the progressive group Social Security Works has described as “an EARNED benefit,” adding that “anyone who proposes cuts to this program is reaching into your pockets and stealing from you!”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 ...

Volunteer Opportunities for Seniors | Retirement

7Dec

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Money

Volunteer Opportunities for Seniors | Retirement

Volunteering in retirement allows you to give back, socialize and stay active without spending much money. You may also learn new skills and build friendships while you help organizations in your community.There are many ways to volunteer in retirement, and the level of commitment can range from a few hours or days each week to longer. Some organizations may provide a stipend to help cover expenses like traveling to and from the place you're volunteering. While it can be a great use of your time, you’ll want to make sure you have balance in your life so you don’t get burned out.If you’re thinking about volunteering during retirement, consider the following: Types of volunteer opportunities for seniors. How to find the right volunteer opportunity. Preparing to volunteer: What seniors ne...

This Is How Much You Should Budget to Live in a 55 and Older Community | Retirement

6Dec

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Money

This Is How Much You Should Budget to Live in a 55 and Older Community | Retirement

Many people like the idea of living in a retirement community – particularly one aimed at adults 55 and older that offers amenities such as fitness centers, swimming pools and cooking classes. These communities often resemble country clubs more than senior living. Oftentimes, however, this lifestyle comes at a steep cost.“Most people way, way underestimate the costs of needs and long-term care during retirement,” says Thomas Mitchell, a certified financial planner and the senior vice president at OneAZ Wealth Management in Phoenix.So how much should you budget to live in a 55-and-older retirement community? Here’s a look at what these communities include and the costs to expect.What Is a Retirement Community?A retirement community is a neighborhood or housing complex designed for older ad...

More Americans over 75 are working than ever — and they’re probably having more fun than you

28Oct

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Money

More Americans over 75 are working than ever — and they’re probably having more fun than you

Peter Kraus started working the day after he turned 18, when he was hired by an uncle who was a rare book dealer. Sixty years later, he's still selling books — and loving it. "I'm one of those lucky people — I adore what I do and I've never contemplated giving it up," said the 78-year-old Kraus, owner of Ursus Books in Manhattan. Kraus said he started Ursus Books — which sells rare books such as a 1926 publication by surrealist Man Ray called "Revolving Doors" (price tag: $85,000) — in a fifth-floor walk-up on West 23rd Street in the 1970s.Asked if he considers retiring, Kraus laughed. "Oh, no, no, no. I'll retire in a wooden box." Kraus said his younger daughter, a former human rights attorney, has joined him in the book business. His older daughter,...

Great Senior Discounts for 2023 | Retirement

18Jul

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Money

Great Senior Discounts for 2023 | Retirement

Taking advantage of senior citizen discounts may reduce your retirement costs and free up funds for other activities. Many places and services provide savings if you are 50 or older. Some offer discounts on certain days of the week to retirees, while others have an established lower price for older buyers.To be prepared, carry your identification, as you may be asked to show proof of age to receive a deal. The amount you save might depend on factors such as your age, location and lifestyle. Restaurant senior discounts. Retail senior discounts. Grocery store senior discounts. Hotel senior discounts. Car rental senior discounts. Airline senior discounts. Travel senior discounts. Cellphone senior discounts. Health senior discounts. Cruise senior discounts. Restaurant Senior Discoun...