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☆ 50-plus voters were the deciders.' How seniors influenced key congressional districts in the midterm elections
▼ + stars: | 2022-11-22 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Amalia Conner registers to vote so she can cast her ballot in midterm elections at the Bay Ridge Civic Association in Annapolis, November 8, 2022. An expected "red wave" of votes for Republican candidates did not come to fruition in the November midterm elections. The survey was conducted in November immediately after the election by bipartisan polling team Fabrizio Ward and Impact Research. Inflation and rising prices topped the list of overall voter concerns, with 33%, followed by abortion, 28%, and threats to democracy, 25%. Democratic candidates ranked high with voters who are concerned most with abortion and threats to democracy.

The number of working Americans aged 80 or over — such President Joe Biden — has risen from 1980. As seen in the above chart, 5.16% of Americans aged 80 and over had a job in 2022 as of October. Although the share of Americans age 80 and over with a job has tumbled some from it's high in 2018 per Insider's analysis, there are still plenty of older workers working past typical retirement age. And that's evidenced by poverty rates among older Americans standing higher than a decade ago as of 2021. However, not all older Americans want to keep working as they get older and will exit the labor force.

We're here to clear up common misconceptions and help consumers find the best no medical exam life insurance options. May offer coverage to military members other companies won't cover Check mark icon A check mark. Because of public records information, the pricing on this type of no medical exam life insurance is most likely comparable to standard life policies. Whether due to age, prescription history, or other medical history, buyers should have life insurance alternatives involving a medical exam. How to pick the best life insurance policy for youParticularly when choosing life insurance, customization is critical.

☆ Most Americans want to 'age in place' at home. Here's how to plan your support systems
▼ + stars: | 2022-11-09 | by ( Deborah Nason | ) www.cnbc.com time to read: +3 min

Retirement-focused financial advisors can help with both the financial and non-financial preparations to do so. "I saw my clients struggling [with this issue] and I wanted to help them think about the process of aging." Sandy Adams partner with the Center for Financial PlanningWhen should people start this kind of planning? "None of us knows when that event might happen that will cause us to suddenly need help." Black, CFP and partner at Bridgeworth Financial Management in Birmingham, Alabama.

☆ AARP-Branded Medicare Drug Plan Is Too Costly for Many Retirees, Critics Say
▼ + stars: | 2022-11-04 | by ( Randall Smith | ) www.wsj.com time to read: 1 min

About a third of Medicare drug-plan beneficiaries shop around annually, by one estimate. A Walmart Pharmacy in West Haven, Conn., in 2021. The AARP name has become a marketing juggernaut among baby boomers, with the group’s nearly 38 million members receiving offers for AARP-branded health, life and auto insurance, and discounts on cellphones, travel, car rentals and even pet insurance. One of its most popular branded products is the high-end AARP MedicareRx Preferred plan, insured by United Health Group Inc.—and it carries the highest premiums among all national stand-alone Medicare drug plans. For many boomer retirees, some experts say, its price has gone up so much that the retirees should consider moving to a less-expensive policy.

☆ The White House is touting a huge boost to Social Security checks. It's happening because inflation is sky high.
▼ + stars: | 2022-11-02 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +3 min

That's despite Social Security cost of living adjustments being directly tied to inflation since 1972. The boon to Social Security is accurate, but it's one that would happen regardless of Biden's stewardship. The direct relationship between inflation and Social Security has existed since 1972, when President Richard Nixon signed automatic benefit adjustments. It's the largest rise in Social Security payments in about that same amount of time, and will increase monthly Social Security checks by about $145 per month on average, according to the AARP. And protecting Medicare and Social Security are top issues for them, according to an AARP survey analysis.

☆ The Newest Card-Carrying Members of AARP: 20-Somethings
▼ + stars: | 2022-10-26 | by ( Veronica Dagher | ) www.wsj.com time to read: 1 min

Some people dread receiving their AARP card in the mail. These young people can’t wait. A rite of passage for those 50 and older, an AARP membership also is drawing younger folks determined to get discounts to cope with inflation. They shamelessly flash their cards at restaurants, often confusing the wait staff and amazing and embarrassing their friends and family.

Oz, Fetterman disagree on student debt cancelation Both candidates were asked how they would address the cost of higher education, but neither provided a concrete plan. Instead, Fetterman and Oz made clear their differing views on President Biden's plan to cancel up to $20,000 in federal student debt. Share this -Link copiedFetterman calls Oz a liar and talks up stroke recovery Fetterman was asked about his qualifications for office to open the debate. Share this -Link copiedMeanwhile in N.Y.: Hochul, Zeldin clash in feisty governor's debate As the Pennsylvania Senate candidates get ready for debate, the New York gubernatorial debate is already well underway. Share this -Link copiedPa. Senate independent candidate drops out, endorses Fetterman Everett Stern, an independent write-in candidate in the Pennsylvania Senate race, announced Tuesday that he’s dropping out and endorsing Democrat John Fetterman.

ET in the state's Senate race, followed by a gubernatorial debate between Democratic Gov. Share this -Link copiedPa. Senate independent candidate drops out, endorses Fetterman Everett Stern, an independent write-in candidate in the Pennsylvania Senate race, announced Tuesday that he’s dropping out and endorsing Democrat John Fetterman. And 38% of those surveyed had favorable views of Oz, while 50% had unfavorable views of him. Republican nominee Mehmet Oz is a former cardiothoracic surgeon and TV host endorsed by former President Donald Trump. John Fetterman, Pennsylvania’s Democratic lieutenant governor, will face Republican Mehmet Oz, a celebrity TV doctor, in the only debate of the race to succeed retiring GOP Sen. Pat Toomey.

☆ Workers lacking paid leave quit at higher rates in pandemic, report shows
▼ + stars: | 2022-10-25 | by ( Eli M. Rosenberg | Eli Rosenberg Is An Investigative Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

The report found that workers without paid sick leave quit at three to four times the rate of comparable workers between 2019 and 2021. About a quarter of workers in the U.S. do not have paid sick leave, a proportion that is higher among lower-wage workers. In the congressional report, salaried workers — who typically enjoy more benefits and stability — fared better than hourly workers within companies. Female hourly workers experienced worse outcomes than male hourly workers 30% of the time, but among salaried workers, the difference was less than 10%. Both Black and Asian hourly workers were less likely to be promoted than their white counterparts, while Black hourly workers were fired at higher rates than white ones.

☆ New York governor signs bill expanding assistance for LGBTQ seniors
▼ + stars: | 2022-10-19 | by ( Zachary Schermele | ) www.nbcnews.com time to read: +4 min

Access to physical and mental health care, free or discounted meal deliveries, caregivers and other forms of support are now easier for LGBTQ seniors in New York state to get. The legislation requires the state’s Office for the Aging to consider gender identity and expression, sexual orientation and HIV status when it calculates which seniors need the most help. “This legislation is an important step in addressing those inequities while helping ensure LGBTQ older New Yorkers receive the same respect and support as anyone else in the state,” Hochul, a Democrat, said in a statement Monday. To address the disparities,Massachusetts, California and a number of other states have enacted laws in recent years expanding their interpretations of those with the “greatest social need” to include LGBTQ seniors and elders living with HIV. Tax said SAGE, which runs LGBTQ senior centers in New York City, has long been fighting for the change in New York.

☆ Meet a couple who retired and then quickly went back to work because of sky-high inflation
▼ + stars: | 2022-10-16 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

Stephen and Karen White retired in 2021, but then they rejoined the workforce. The couple made the choice to retire in the beginning of 2021 after visiting Washington, but the pandemic's impact also played a role. After both officially retired in the summer of 2021, skyrocketing inflation pushed the couple to walk back their plans and go back to the workforce grind. Stephen went back to work in education. "Workers who say they've retired regularly return to work after some time away."

☆ A surprisingly hard part of retirement: Spending what you worked so hard to save
▼ + stars: | 2022-10-03 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

For some it’s almost physically painful,” said David John, a senior strategic policy advisor at the AARP Public Policy Institute. But unpredictable factors like market performance, life expectancy and health issues make spending your money easier said than done, John said. Changing your mindset is crucialCertified financial planner Kyle Newell reminds clients that the savings they worked so hard to amass is there to help them live well in retirement. And he also advises clients to go easy on themselves and view their first year in retirement as a learning experience when it comes to spending. “You really need to know ‘What are my assets and spending patterns and how do I harmonize the two?’” John said.

☆ These 4 trends are keeping Boomers unemployed and holding the US back from a full recovery
▼ + stars: | 2022-09-28 | by ( Ben Winck | ) www.businessinsider.com time to read: +7 min

Older Americans are struggling to rejoin the workforce, and it's weighing on the economy. That drop in older workers could threaten the already-shaky economic recovery, according to a report published by ZipRecruiter on Wednesday. Yet as the recovery progresses, a handful of obstacles are keeping older Americans out of the workforce. Where that's easily accessible for young workers, older Americans face a steeper learning curve just to compete. Older workers' confidence is dismalThe three aforementioned trends have contributed to a simple truth: older workers are immensely discouraged.

☆ Fed Chair Powell warned of ‘pain’ to come. Seniors on fixed incomes are already feeling it
▼ + stars: | 2022-09-26 | by ( Martha C. White | ) edition.cnn.com time to read: +8 min

“Social Security comes up short by at least $1,000 [a month] in many locations. John Harriger, a resident of Chilhowie, Virginia, suffered a disabling back injury in 1994 and relies solely on Social Security for income. “I get about $1,800 a month [from Social Security] but… when gas and groceries started going up, I couldn’t make it any more. Sites, who relies wholly on Social Security for her income, said she worries what will happen when the mortgage on her home near Asheville, North Carolina, resets. This has a pass-through effect on the financial security of older Americans.

☆ How Does Life Insurance Work and What to Know Before You Buy
▼ + stars: | 2022-09-23 | by ( ) www.wsj.com time to read: +14 min

What to know about life insuranceTerm vs. permanent life insuranceThe two main types of life insurance are term and permanent. Permanent life insurancePermanent life insurance comes in four main variations: whole, variable, universal and variable universal. How to buy life insuranceYou may already have free term life insurance through your employer. A life insurance policy you buy from a private company stays with you for as long as you make payments. How life insurance pays outBeneficiaries have a few choices of how to receive a life insurance payout.

☆ The Rise of the 32-Year-Old College Football Player—Yes, College
▼ + stars: | 2022-09-22 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

Tom Brady briefly tried out retirement, but at age 45 he’s still a few years away from being able to fully join the AARP. The University of Georgia’s soon-to-be 25-year-old quarterback Stetson Bennett IV, on the other hand, is already embedded with the retirement group. Mr. Bennett and some of his linemen are stars of a new AARP commercial in Georgia that warns seniors of fraud. A student quarterback might seem like an odd choice to be a pitchman for retirees, but Mr. Bennett is one of the most popular people in the state after delivering the Bulldogs their first national championship in 41 years last season. He also represents a surprising development in college football: many of the players are a lot older than they used to be.

☆ The Rise of the 32-Year-Old College—Yes, College—Football Player
▼ + stars: | 2022-09-22 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

☆ The U.S. retirement system gets a ‘C+’ grade, experts say — even though it’s worth $39 trillion. Here's why
▼ + stars: | 2022-09-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +9 min

The U.S. has a voluntary retirement savings system. But most IRA funds aren't contributed directly — they were first saved in a workplace retirement plan and then rolled into an IRA. 1 issue," Will Hansen, chief government affairs officer at the American Retirement Association, a trade group, said of workplace retirement savings. "[However], the retirement system is actually a good system for those who have access," Hansen said. In such cases, it may not be fair to place primary blame on the structure of the U.S. retirement system, Hansen said.

☆ 'Cobra Kai' Season 5 review: The 'Karate Kid' series sequel hasn't lost its kicks
▼ + stars: | 2022-09-09 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +2 min

(CNN) Crossing the streams with its sequels, the fifth season of "Cobra Kai" features heavy dollops of the second and third "The Karate Kid" movies while continue to carve out its own next-generation melodrama, all in extraordinarily nimble fashion. While it's not the best series on TV (OK, Netflix), there should be some kind of prize for the best revival culled from limited source material. Still, in order to battle the bad guy from "Karate Kid III," Daniel (Ralph Macchio) has enlisted the heavy from "II," Chozen (Yuji Okumoto), in an unlikely but utterly hysterical alliance. (A little fuzzy on his English, when Daniel suggests they need to cut off the head of the snake, the literal-minded Chozen pulls out a knife and is ready to go.) The kids, in fact, have as many shifting allegiances as the elder generation, whose AARP-eligible karate masters continue to prove remarkably spry.

☆ Meet the 'sandwich generation': Financially strapped Gen Xers helping out both their parents and their children
▼ + stars: | 2022-04-26 | by ( Hillary Hoffower | ) www.businessinsider.com time to read: +3 min

Most members of "the sandwich generation" are Gen Xers, per a new Pew report. Sandwiched adults have a parent age 65 or older and either a young child or an adult child they've helped financially. Gen X, who turn ages 42 to 57 this year, make up the majority of this demographic. Gen X caregivers are typically employed, with most saying caregiving has had at least one impact on their work. That flips for those in their 50s, most of whom have an adult child they've helped financially.

Present in more than 40 countries, Choice Hotels' partnerships with Penn National Gaming, Inc., Preferred Hotels & Resorts, and Nordic Choice Hotels make redemption options even more interesting, with the addition of casino hotels and upscale resorts to the mix. AdvertisementHow to earn Choice Privileges pointsWhile Choice Privileges seems straightforward, there are lots of little rules about what counts as a qualifying points-earning stay. If you're just getting started, the fastest way to accrue Choice Privileges points is by opening the Choice Privileges Visa Signature Card. AdvertisementBuy Choice Privileges points — for you or someone elseYou can buy up to 250,000 Choice Privileges points for yourself — or up to 180,000 Choice Privileges points for friends and family members — per calendar year. Transfer Choice Privileges points to travel partnersTo redeem Choice Privileges points for flights, use the Choice Hotels Rewards Exchange to transfer them to airline partners at the following rates:5,000 Choice points for 1,000 Alaska Airlines Mileage Plan miles5,000 Choice points for 1,000 Aeromexico Club Premier miles5,000 Choice points for 1,000 Aeroplan points5,000 Choice points for 1,000 United MileagePlus miles5,000 Choice points for 1,000 Spirit Airlines Free Spirit miles5,000 Choice points for 1,000 Czech Airlines OK Plus miles20,000 Choice points for 8,000 Qantas Frequent Flyer points20,000 Choice points for 8,000 Virgin Australia Velocity points20,000 Choice points for 140 Air New Zealand Airpoints DollarsNote that you may need to call Customer Service at 888-770-6800 and provide them with your frequent flyer number to complete your airline redemption.

Persons: —, You'll, We're, Read, It's, you've, you'll, I'm, there's, Homefront, they'll Organizations: Business, Card, Citi, Choice, Service, Choice Hotels, Penn National Gaming, Inc, Resorts, Amtrak, Barclays, American, Express, Hotels, Diamond, Avis, Cambria Hotels, Alaska Airlines, Aeromexico Club Premier, Czech Airlines, Spirit Airlines, Air, Zealand, Qantas Frequent Flyer, Australia, Alamo, Budget, Bed, Apple, Vinesse, Rocket, Aeromexico Club, Airlines, Virgin Australia, Clubs of America, Fisher House Foundation, Council, International, Polaris, Cosmopolitan, AARP Locations: Cambria, Econo Lodge, Canada, Mexico, Central America, Caribbean, Asia, Pacific, China, Japan, Europe, Clarion Clarion Pointe, Czech

If you financially support a partner, children, or aging parents, you need life insurance. Insider's Featured Life Insurance Companies Lemonade Life InsuranceNationwide Life InsuranceGuardian Life Insurance Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Certain life insurance products, known as joint life insurance policies, are geared towards married people. She recommends a business-owned life insurance policy and business-owned disability insurance that names the business as the beneficiary so it can continue. Also, if you get a business loan, most lenders will require life insurance like decreasing term life insurance, where the bank is the beneficiary to payoff the loan in if the event the business owner dies.

If you don't have life insurance at the time of your diagnosis, it will be hard to get traditional life insurance. If you are in remission, most life insurance providers will have a waiting period — usually five years — before you will be eligible for traditional life insurance. If you are currently receiving cancer treatment or are in remission, you will be ineligible for traditional life insurance, like term life or permanent life. Most life insurance carriers will require a waiting period — usually five years — before you will be eligible for traditional life insurance. That is why geneticists suggest getting private life insurance coverage before genetic testing, because the results may disqualify you for life insurance in the future.

Persons: —, Mark Williams, Williams, ColonialPenn Organizations: Service, Life Insurance, Mutual, Brokers International, Guardian, Haven Life Insurance, AARP, Insurance Locations: Illinois, Omaha

Insider's experts choose the best products and services to help make smart decisions with your money (here’s how). Personal finance site WalletHub released updated data on the best and worst US cities for retirees, and looked at affordability as a main factor. Retirees are most likely to find low taxes and care costs in the south and southeast. Many cities in Florida, Texas, and Alabama made the list, including Jacksonville, Tampa, Mobile, and San Antonio. Here are the 17 most affordable cities for retirees, along with data on each state's tax rates via WalletHub and median senior day care costs from AARP.

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