Senior Newswire

August 7, 2017

Your weekly link to grown-up news and information from newspaper and

magazine publications, news organizations and web resources nationwide.

IN THIS ISSUE

Health

Medicare

Money

Retirement

Legal Issues

Scams

Insurance

Caregiving

Working

End of Life

HEALTH:

Too Many Meds? America's Love Affair With Prescription Medication: We now take more pills than ever. Is that doing more harm than good? Consumer Reports, 8/3.

What Older People Need to Know About Prescription Drug Risks: Lower doses and fewer meds can help prevent problems. Consumer Reports, Aug. 3.

Cheaper Hearing Aids Are Likely On the Way: The Senate voted 94 to 1 for a broad FDA bill that contains a measure to allow consumers to purchase hearing aids without going through a licensed specialist. The Boston Globe, Aug. 3.

How To Choose the Right Type of Walker: When it comes to choosing

a walker, there are various styles and options to consider, but selecting the best one for you will depend on your needs, as well as where you'll be using it. HuffPost, 7/31.

MEDICARE:
Read This Before You Take Medicare Benefits: Before your Medicare benefits start, here's what you need to know. The Motley Fool, July 31.

MONEY:

Here's How Much Income You'll Need After You Retire: How much money will you need each year to cover your expenses? The Motley Fool, Aug. 5.

3 Common Retirement Mistakes That Can Put a Crack in Your Nest Egg: Think you have retirement all figured out? Think again. The Motley Fool, Aug. 3.

The MyRA Is Being Eliminated. What Does This Mean For Retirement Savers? You still have options. But now, fewer. US News and World Report, Aug. 4.

Retirement Misconceptions, from A to Social Security: Retirement planning might be the most daunting financial problem facing Americans, yet plenty of individuals have misconceptions about it. The Republic, Aug. 3.

Saving For Retirement in The Most Tax-Efficient Manner Possible: Decades ago, saving for retirement was fairly easy. You set aside 10% of your income in a taxable account. But over the years it's become especially complicated given the many ways we can now save for retirement. USA Today, Aug. 2.

4 Financial Milestones to Reach Before You Retire: Retirement is a period to look forward to for a countless number of working Americans, but it can be a financially stressful time, as well. The Motley Fool Aug. 1.

Why Investors Need a Retirement Policy Statement: Crafting a written document will help protect your investments and nest egg once you stop working. US News and World Report, July 31.

Where Did Baby Boomers Go Wrong? This generation isn't financially prepared for retirement. 65- to 74-year-olds only have an average of $300,000 in their defined contribution plans. MarketWartch, July 31.

How Do You Invest For Retirement If Stocks Seem Too Risky and Bonds Pay Too Little? I'm 64 and would like to retire. Problem is, if I invest in stocks I risk losing money to a huge correction, and if I invest in safe fixed-income investments I earn only 1% to 2%. Real Deal Retirement, July 31.

Maximize Your Income in Retirement: A quirk in employer pension formulas gives women a big advantage. Kiplinger, Sept. 2017.

8 Retirement Strategies to Safeguard Your Money: Don't enter retirement without a plan for the withdrawals you'll make from your savings. The Motley Fool, July 31.

RETIREMENT:

Retirement Heaven! Today, retiring abroad is about launching a new life in a new country, starting over someplace sunny and exotic with white-sand beaches or Old World culture. But there is no one way to determine the best place to retire for every person. Live and Invest Overseas, Aug. 1.

7 Ways to Prevent Loneliness After You Retire: With some initiative, you can find plenty of ways to stay socially engaged. US News and World Report, Aug. 3.

Your Financial Checklist for Retiring to a New City: Check these 10 items off your to-do list before moving to a new locale. US News and World Report, Aug. 3.

5 Rules for Renting a Home Overseas: Moving to a new international locale? Try it on for size before committing to a home purchase. US News and World Report, Aug. 1.

5 Ways to Be Happier When You Retire: Happiness in retirement relies on relationships and experiences, not money and possessions. US News and World Report, July 31.

Designing Your Own Retirement, With Passions in Mind: Some are hanging on to what they loved about their day job, while trying something new, different and perhaps adventurous. The New York Times, Aug. 4.

LEGAL ISSUES:
Getting Divorced? How To Avoid Tax Pitfalls When Splitting Up Retirement Accounts: Litigation between taxpayers and the IRS shows many folks fall into expensive traps. MarketWatch, Aug. 1.

SCAMS:
Seniors Beware: New Con Targets Social Security Checks: Government officials are warning about a rash of cons targeting Social Security beneficiaries. CBS MoneyWatch, July 31.

INSURANCE:
What the Fate of Obamacare Means for People Who Hope to Retire Early: What we know - and still don't know - about early retirement health care. MarketWatch, 7/31.

CAREGIVING:
Caregiving Is Hard Enough. Isolation Can Make It Unbearable: Many caregivers find themselves trapped at home, neglected by friends and family members who don't understand how to help. The New York Times, Aug. 4. The Future of U.S. Caregiving: High demand, Scarce Workers: The United States is headed toward a severe shortage of caregivers - paid and unpaid - in the decades ahead. Reuters, Aug. 3.

WORK:
6 Ways to Prepare to Find Part-Time Work in Retirement: Second-act tips from a career coach who's doing this herself. Next Avenue, July 31. Hoping for a Phased Retirement? Don't Count on It: Two reports show a big disconnect between employers and older workers. Next Avenue, Aug. 4.

END OF LIFE:
Many Still Sidestep End-Of-Life Care Planning: Even though advance directives have been promoted for nearly 50 years, only about a third of U.S. adults have them, according to a recent study. Kaiser Health News, Aug. 1.

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