By Helen Dennis | [email protected] | PUBLISHED: July 26, 2018 at 11:33 am | UPDATED: July 26, 2018 at 8:49 pm Q. I am in my mid 60s, live alone and never had children. Many of my friends talk about how their children and grandchildren are such a large part of their lives. I don’t have this. How do I look ahead and plan for a time when I will likely need help and there won’t be family around to help me? S.K. Dear S.K. You have raised an important concern shared by Sara Zeff Geber in her recently published book, “Essential Retirement Planning for Solo Agers” (Mango Publishing, 2018). She writes that for those without children, “Whether married/partnered or single in the second half of life, you will not have the safety net of that immediate younger generation to count on later in life in an emergency or even an extended illness.” The number of solo agers is increasing. According to a report from AARP, almost 12 percent of women ages 80 to 84 were … [Read more...] about Successful Aging: I don’t have children, so who will help me as I get older?
Helping elderly parents with finances
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Advertisement Supported by ByKatherine Rosman July 14, 2018 Wearing a red vintage T-shirt, an Eric Church baseball cap and a backpack, Ben Weprin bound down a sidewalk of Roosevelt Island in New York, home of the Cornell Tech campus, a satellite of Cornell University, looking like a college student on the first day of class. Mr. Weprin, 40, had taken the subway there from Manhattan, an experience that he seemed to regard as a kid would a carnival ride. (He stood the entire train ride despite all the empty seats, and excitedly gave a subway mariachi musician 10 bucks.) When he emerged from underground, he didn’t have his bearings. He walked south. He pivoted. He walked north. He asked a security guard for directions. Then he found what he was looking for. “There’s our hole,” he said while trying to climb a wall to … [Read more...] about The Education of a Brotelier
Italy's ageing population is a social time bomb. Photo: Gabriel Bouys/AFP Once the Catholic nation that produced more babies than any of its neighbours, today Italy has the lowest birth rate in Europe. What does it mean for the country's future? Journalist Megan Birot investigates. Some 464,000 births were registered in Italy last year – the lowest on record, ever. With around eight births per 1,000 inhabitants, Italy's birth rate is getting alarming low, according to Francesco Scalone, a demographer at the University of Bologna. “If Italians don’t start having more babies, you have to wonder what Italy will look like in the next few decades," he said. Declining fertility rates, combined with longer life expectancy, has also left Italy with a significantly older population. Its median age is 45.9 years compared to the EU’s median of 42.8, higher than any other European country except Germany. Population time bomb Population forecasts predict 27 percent … [Read more...] about What does a plummeting birth rate mean for Italy’s future?
Susan Tompor Detroit Free Press Published 10:00 p.m. UTC Jun 21, 2018 Rhonda and Lonnie Edwards Jr. had good middle class jobs most of their lives. He worked nearly 35 years in an hourly union job at General Motors. She had a job in Detroit Public Schools for 13 years as an attendance agent and earlier as a parent liaison. She later worked for the state unemployment agency for another 10 years. "We were just middle-income earners. My goal was to be debt free by the time we retired," said Rhonda Edwards, 63. Things didn't quite work out that way. The medical bills hit after Lonnie, now 67, was diagnosed with prostate cancer in 2007, just three years after he had taken an early retirement in his 50s. Around the same time, their finances took a dive during the depths of Detroit's housing crisis when they had plans to buy to a smaller co-op but had trouble selling their family home in the well-regarded University District in Detroit and ended up … [Read more...] about Retiring with debt? More Americans are. Here are some strategies
VN garment sector to boost export growth The domestic textile and garment industry is expected to sustain growth in exports in the coming months, according to the Viet Nam Textile and Apparel Association (VITAS). Truong Van Cam, VITAS vice chairman and general secretary, said many textile and garment companies had signed contracts to produce export products in the third quarter of this year. Many Vietnamese garment firms had also sustained high growth this year in traditional markets such as the United States, the Republic of Korea, the European Union, and member-states of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Cam said a series of recently-signed free trade agreements (FTAs) was expected to boost the sector. Since 2001, Viet Nam had signed bilateral trade agreements with the US, Japan, China, and the Republic of Korea, as well as Australia, New Zealand, and India, and joined the World Trade Organisation. However, global demand for textiles … [Read more...] about BUSINESS IN BRIEF 6/6
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Susan Moeller June 05, 2018 IF YOU’RE A BABY BOOMER entering the tunnel of possible retirement, there’s one hard truth to acknowledge: Bad stuff happens. No matter how prepared you think you might be — and experts say boomers are, generally speaking, quite unprepared — unforeseen events can derail finances. Take just a few that hit me starting in my 50s: divorce, serious health issues, and family crises. And that’s just the big stuff. Even if you downsize, the car will still need new tires. The old dog will tear his ACL. And the condo association will raise its fees.You’d think boomers would be OK. We hold 60 percent of the wealth in the United States, according to a report by the management firm McKinsey and Co. But we have also accumulated unprecedented levels of debt and will actually need the Social … [Read more...] about Stop giving so much money to your kids and 8 more ways to afford retirement
By Jackie Crosby Star Tribune June 2, 2018 — 7:58pm AGING PARENTS, STRESSED FAMILIES The 2030 problem Demographic triple threat spells trouble Career-care struggle Holding onto a job while caregiving More on this story See their stories Watch caregivers describe their lives Resources, policy Where the laws stand and how to find help Getting through itHelpers offer survival tips, strategies About the series Why we're writing about caregiving For Erin Jakupciak and her two sisters, the path began as it does for so many — with worried conversations, uncertainty and a low rumble of doom. Their mother, Nancy Kreibich, was strong-willed and independent. When her daughters first noticed her faltering memory, she turned angry and defensive. She stormed out of the doctor’s office to avoid taking cognitive tests and for nearly a year refused to let anyone through her front door. But soon it became clear to the sisters that their … [Read more...] about ‘Invisible workforce’ of caregivers is wearing out as boomers age
Over my 20-year career writing travel stories for the Seattle Times, a question I’ve fielded (happily, I should say) when meeting someone for the first time was almost as predictable as the number of pretzels I got flying Coach: What’s been my favorite trip? I usually fudged. Prettiest place? Nicest people? Most fun? Educational? How does one judge? What I’ve learned through travel, and tried to share, is that I rarely feel more alive than when seeing a new place, meeting new people and tuning in to a different culture. Maybe the destination is kind of secondary. But now that I’m retiring soon, a friend came back at me with the old question, so I guess it’s time to commit. My out? Everybody loves a Top 10 list. Reminiscing is an indulgence, but if it inspires you to jump on a plane, consider it my parting gift. I’ll be forever grateful to have had one of the best jobs in the world. Some of these were personal travel, some were reporting trips. … [Read more...] about Retiring travel editor names his Top 10 trips
Over my 20-year career writing travel stories for The Seattle Times, a question I’ve fielded (happily, I should say) when meeting someone for the first time was almost as predictable as the number of pretzels I got flying Coach: What’s been my favorite trip?I usually fudged. Prettiest place? Nicest people? Most fun? Educational? How does one judge?What I’ve learned through travel, and tried to share, is that I rarely feel more alive than when seeing a new place, meeting new people and tuning in to a different culture. Maybe the destination is kind of secondary.But now that I’m retiring soon, a friend came back at me with the old question, so I guess it’s time to commit. My out? Everybody loves a Top 10 list.Reminiscing is an indulgence, but if it inspires you to jump on a plane, consider it my parting gift. I’ll be forever grateful to have had one of the best jobs in the world.Some of these were personal travel, some were reporting trips. Arranged … [Read more...] about As he hangs up his hat, Seattle Times travel editor names Top 10 trips
This article is available to Members of The Local. Read more about membership here. The budget presented on Monday includes 2.6 billion kronor worth of additional investments to those outlined in the autumn budget. Most of this money is earmarked for health and elderly care, while the police force and customs can also expect a boost. This is unsurprising, with healthcare and security two key issues for Swedish voters, but what does the budget proposal mean for day to day life in Sweden? Here are seven key points. Shorter waiting times to see a doctor More than half of the extra investment is going to welfare: a total of 1.5 billion kronor. The government has pledged an extra 200 million kronor for healthcare on top of the 400 million already set aside. This will go directly to Sweden's regions in order to recruit and retain staff who can help plug skills shortages – including those with in-demand skills who want to work even after reaching the retirement age. The … [Read more...] about What Sweden’s spring budget means for you