Tough Times for Our Working Children

Some work is dangerous and hard

Some work is dangerous and hard

Many retirees are having a ball. They receive pensions and Social Security, own their homes, live in the moment, indulge hobbies, travel, and worry only a little about the future. Of course there are some who are struggling, some still working, but on the whole, seniors are doing better than at any time in modern history.

On the other hand, our working children are facing hard times, even though many don’t fully appreciate it.

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Options Near the End of Life

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Last week Mr. Donald Keene asked about a couple who can’t afford good institutional care but doesn’t want to force either one into the role of caretaker for a long terminal illness. What are the options for a peaceful end of life experience for both?

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Older Drivers—When Is It Time to Give Up the Keys?

A guest post by E. Donnelly

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An article from 2012 came to mind recently: a 100-year-old driver hit 11 people in Los Angeles. As I read through the details again it made me cringe as I have an elderly father and his driving is worrisome. These days, my dad lives with my wife and me (Mom died some time ago), and is well into his senior years. His eyesight is not what it used to be. His reflexes are slower.

It fills me with dread to think of what might happen if he ever got into a car crash. But being the old block of which I am a chip, he is adamant. He calls it “payback” for all the times I snuck the car out in my teenage years (and did some damage, too). All of this got me thinking. Should there be an upper age limit on driving? More importantly, can there come a time when old people just know that they have to let go? Continue reading

Later Living Reflected in a Single Hour

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I met a woman yesterday, yet I feel I’ve known her most of my life. Brigid never left her home area of Glenmore, Ireland and I’ve never been there. We met through William Trevor, her creator, in his short story, The Dancing-Master’s Music.

Trevor’s characters reveal themselves in traits so vivid yet common that we’re forced to compare them with people we know. ‘This guy is just like Pete from work,’ we might think. Or we may feel that we want to meet and talk with them. His people seduce us into their lives.

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How to Help Your Kids Plan for Retirement

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Most of us would like to help our children and grandchildren prepare for the changing retirement landscape. Pension plans are under siege and passing away. Although many current retirees receive generous pensions, our children and grandchildren are not likely to share that good fortune.

Their retirements will likely depend on Social Security and whatever income they can piece together from retirement investments and encore careers. To help, we can point out reasonable investment goals. Today we’ll see how Social Security influences investment goals. Continue reading

What is Your Adventure?

 

Ice, forest, fog

Ice, forest, fog

I have not posted recently because I’ve been skiing and taking pictures. I return from skiing exhausted and can barely function. If I sit at the computer, I fall asleep. I take some ibuprofen, eat, and do whatever is absolutely necessary before getting into bed where I sleep like a rock. Then I go skiing again. I’m 68 years old and haven’t skied through a winter in 42 years. Besides being older, I’m 80 pounds heavier.

If not skiing, I go out looking for aspects of Vermont to photograph. Continue reading

How Much to Save for Retirement?

Retirement Nest Egg

Retirement Nest Egg

That simple title question suggests a simple answer, yet today’s retirees live out a large variety of answers. Life is unpredictable and it is not easy to save for retirement. Further, people get along on what they have and what they receive from others. In short, if a fellow will settle for a short, brutish retirement, he need save nothing.

Still, looking ahead and envisioning realistic retirement goals, then balancing current spending with saving are very useful activities. They put people in charge of their lives and give them a sense of responsibility, both of which induce maturity, discipline and work. Continue reading