AROHE is a dynamic member network that advocates for, educates and serves campus-based organizations for retired faculty and staff. By promoting a culture that values and encourages retirees' continuing contributions to campus and community life, AROHE helps colleges and universities to harness the remarkable talents of their retired faculty and staff to further the missions of their institutions.
We are revisiting what we mean by retirement, and it’s very clear that the definition of what people do even into their 70s is changing a lot, and people are continuing to work full time, continuing to work part time, and that has increased more for women than for men. There has been a big change in family structure, increases in divorce have left women more on their own, they may not be dependent on their husband’s pension or Social Security benefits, and of course women are living longer than men. So they have more need to think ahead to retirement.
We’re about to pay the price for all the good times.
Based on over 40 years of experience, these are guidelines that a retirement expert uses for his own planning. Some key takeaways:
- Work until 70, but not necessarily at the same job.
- Develop sources of retirement income.
- Control living expenses.
- Take care of health.
- Protect against catastrophic health conditions.
- Stay socially engaged.
Medicare benefits extend to a lot of treatments and services, but not all of them. Discover what's not covered, and learn the exceptions to the rules.
- Routine foot care
- Dental care
- Services outside the United States
- Services provided by family members
- Routine hearing and vision
- Long term custodial care
- Cosmetic surgery
- Alternative treatments
The U.S. Is Growing Older. The implications of this demographic shift require attention now. Cities are at the forefront, as their leaders act to help older adults realize healthy, productive, and purposeful lives. Best Cities for Successful Aging examines the capacity of metropolitan areas to address the challenges and capitalize on the opportunities as a new future of successful aging takes shape across America.
While many older Americans look forward to their retirement years with great anticipation, a substantial subset of the aging population is struggling to prepare for retirement and is deeply concerned about the financial realities of this later stage of life, according to a new study conducted by The Associated Press-NORC Center for Public Affairs Research.
Shocking news that some insurance companies, including some of the biggest healthcare insurance providers in the country, have been given permission to "seamlessly convert" beneficiaries who are eligible for Medicare into Medicare Advantage plans. These beneficiaries did not choose the plans, and may find that their doctors are not in the networks. Worse, if the beneficiary was in an employee plan and wanted to be in traditional Medicare after retirement, their placement in a Medicare Advantage plan may make it more difficult to get a Medigap plan after they retire.
The purpose of the study was to evaluate Americans’ awareness of potential financial risks in retirement, how this awareness impacts the management of their finances with respect to retirement, and how Americans are managing the process of leaving the workforce.