The Baby Boomer generation will begin taking early retirement in 2008. In 2011 they will approach the traditional retirement age of 65. As more and more Baby Boomers retire they will put a tremendous strain on the Social Security system. So far, no significant changes have been implemented to lessen the impact Baby Boomers will…
Tag: social security benefits
Choosing A Nursing Home For Your Parents
CHOOSING A NURSING HOME FOR YOUR PARENT So many of the most important decisions we make in life are made when we are least prepared to make them. So it is, when the time comes to choose whether, or which nursing home facility in which to place an aging parent. It’s estimated that 60% of…
Senior Citizens Can Benefit From Network Marketing by Irene Mori
Senior citizens can seldom make it on a small fixed income such as only social security. Most must have or probably have additional retirement income of some sort such as from past employment, IRA’s, or other retirement vehicles and savings. That may not be enough to offer a secure retirement in their winter years. Earning…
IRS Back Tax Prevention Tips For Senior Citizens by Roni Deutch
Make Work Pay Credit While the “making work pay” credit proposes it will cut taxes for 95% of families, there is an interesting loophole for senior citizens, which is causing some to end up with unforeseen back tax liabilities. According to the law, non-working senior citizens-in addition to retired railroad workers and disabled veterans-cannot claim…
What Makes Someone a Senior Citizen? by Lynn Dorman, Ph.D.
Good question! Developmental Psychologists have long used either ages or stages to define segments of the population. Many developmental textbooks are divided into chapters based on one or the other of these definitions. Age definitions are ones that use numbers – such as: being 65 or older means you are a senior citizen; or all…