Wednesday, July 17, 2013

Fighting Elder Abuse Around the World

When I opened the weekly paper for my retirement village this morning, I was interested to see an article about World Elder Abuse Awareness Day.  Until I read the article, I didn't know there was a special day set aside to bring this sad reality to our attention.  Unfortunately, there is no question that it is necessary.  The day has been recognized since June 15, 2006 and is intended to help social workers, police, adult protective service workers, nursing home staff, family members and others who come in contact with the elderly to be better educated and able to recognize the signs of elder abuse.  The program was launched by the International Network for the Prevention of Elder Abuse and the World Health Organization at the United Nations.  Obviously, this is a problem around the world, as Japan recently passed a law allowing elderly parents to sue their adult children if the children neglect or fail to visit them.

Statistics on Elder Abuse in the US

According to representatives from the Ageless Alliance of Orange County, California, one in ten senior citizens is abused.  This amounts to approximately five million people nationwide.  Studies by the National Center on Elder Abuse have found that between 7.6% and 10% of seniors who were part of a study were willing to admit that they had experienced abuse in the prior year.  Sadly, there are indications that many seniors are reluctant to report it, although Adult Protective Services does believe there is a trend towards better reporting.

Financial abuse alone was reported in one study by 41 out of 1000 seniors who were surveyed.

The problem may even be much more serious than these numbers indicate, since the New York State Elder Abuse Prevalence Study discovered that for every one abused elderly person who comes to the attention of authorities, approximately twenty-four cases go unreported.

This seemed almost impossible for me to believe until I read about the different ways that seniors can be mistreated, often by the people they most trust.

Types of Elder Abuse

Seniors can be abused in a number of ways. According to the National Center on Elder Abuse website, it appears that more elderly women are abused than men and that the older a person is, the more likely that person is to be abused.  In approximately 90% of cases, family members, such as adult children or spouses, are most likely to be the abusers.  Researchers have also discovered that people with dementia are far more likely to be victims of elder abuse than those without.  Here are some common types of elder abuse:

Neglect:  This includes incidents in which either a paid caregiver or a member of the family fails to meet an elderly person's basic needs or protect them from harm.  This can happen whether the person is living in their own home or in a nursing home.  In fact, in one study done in the year 2000, 95% of nursing home residents said that either they had personally been neglected or they had seen another resident neglected.  Since so many of us may eventually need to spend our last few months or years in a skilled nursing facility, I found this statistic particularly alarming.

Emotional Abuse:  Emotional abuse can include berating, threatening or demeaning an elderly person.  Emotional abuse may cause significant psychological distress and lower self-esteem.

Physical Abuse:  Physical violence against the elderly can increase other health problems and bring on depression or anxiety.  The victims also have a 300% higher risk of death when they are compared to people who have not been physically abused.

Financial Abuse:  Many seniors are especially reluctant to let their family members know when they have been taken advantage of financially, because they don't want to appear to be incapable of handling their own money.  They are often afraid they will lose their financial and personal freedom if their children learn what happened to them.  As a result, they may be the victim of a scam and never say anything to anyone.  As I have reported before in this blog, I have known two different intelligent, well-educated people who were victimized by scammers pretending to be relatives and asking that money be wired to them.  Both of my friends were horrified that they could be so gullible.

Sexual Abuse: Believe it or not, even bed-ridden elderly women have been raped.  To make matters worse, they are often not believed when they report it, which allows the perpetrator freedom to continue to abuse that person or another elderly person in their care.

Examples of Elder Abuse

There are undoubtedly millions of examples of Elder Abuse that have occurred in this country.  One case which was reported in my local newspaper occurred when an 85 year old woman allowed her only son to come stay with her.  He was actively using drugs and alcohol, his wife had left him and he had lost his job.

Before long, her son was growing marijuana on the patio of her retirement condo and threatening that he would report her for being incompetent to handle her own finances so that he could be appointed her conservator.  She was terrified of her son and his threats, although she eventually turned to social services for help.

In another case, our local newspaper reported on the case of a 76 year old man who remarried.  Within four years, his wife had sold everything of value that he owned and left him with $100,000 in credit card debt.   This may not be an unusual situation, since the father of a friend of mine had a similar experience when he remarried late in life.  My friend eventually had to assist her father in filing for both divorce and bankruptcy.

As you can see, elder abuse is something we all need to know about.  It can happen in anyone's family.

Resources:

National Center on Elder Abuse website: https://ncea.acl.gov/FAQ.aspx

You may also want to read:  The Ultimate Internet Safety Guide for Seniors

Another good option is:  "Elder Abuse Prevention Resource Guide"
 
"Village Recognizes World Elder Abuse Awareness Day" Laguna Woods Globe, Thursday, July 11, 2013.

If you are interested in information on retirement planning for yourself or your parents, or want to learn about Medicare, Social Security, financial planning, where to retire and more, use the tabs or pull down menu at the top of the page to find links to hundreds of additional articles.  Each ones contains an introduction and links to a number of articles on that topic.


You are reading from the blog:  http://www.baby-boomer-retirement.com

Photo of elderly woman courtesy of www.morguefile.com

Sunday, July 14, 2013

Do You Qualify for Extra Senior Services or Benefits?

One of the reasons I like living in a retirement community is because they do such a good job of keeping residents informed about issues that could affect us.  Many of the mailers that are sent to us report on programs or events for seniors that I would know nothing about if I lived in a typical residential neighborhood.  This week we received notice of a new Benefits Checkup website that has been created by the National Council on Aging.  Anyone with access to a computer can easily find out if they qualify for additional benefits or special services.  Many seniors suffer needlessly simply because they do not know how to access the programs that could help them.

Even if you are a Baby Boomer who has not yet retired, you may be interested in using this website to see if you can discover any programs that could provide assistance to your parents or other elderly members of your family.

What Senior Citizen Benefits Might be Available?

Wouldn't it be a nice surprise to discover that you may qualify for some additional help as you age?  Here are examples of the types of services or discounts that various government agencies and nonprofit organizations may be able to provide:

Medicare and Medi-Cal
Veterans' benefits
Employment Services
Nutritional Assistance
Home-delivered meals
Prescription drug assistance
Housing assistance
In-home care

The National Council on Aging Benefits Checkup

Thanks to the National Council on Aging, you can do a general benefits checkup using just one website to see which types of assistance you may be eligible to receive.  You will still have to contact the different agencies separately to apply for the actual benefits.  However, you can use this one website to discover specific agencies or organizations that are most likely to provide you with the services you need.  Here is the website:

http://www.benefitscheckup.org

What Information You Need to Provide the Benefits Checkup Website

In order for the website to be able to help you locate senior support services, you will need to be prepared to provide certain information.  Before you log on, make sure you have the following facts available:

Your state of residence and zip code
Whether you live in a home, apartment or mobile home
How long you have lived at your current residence
Your status as a Veteran
Your spouse's status as a Veteran
Whether or not you or your spouse ever worked for:
     A State Government
     The Federal Government
     A local government agency
     The Railroads
Names of all the prescription medications you currently take
The current income for yourself, your spouse and all members of your household
Your assets, including the value of your property, stocks, savings account, etc.
Your estimated expenses, including:
     Mortgage or rent payments
     Utilities
     Out of pocket medical expenses

They estimate that it will take most people at least 20 minutes to complete the benefits checkup.

After you have input all this information, the website will provide you with a list of all the programs that you may wish to contact for assistance.  Most of them will have their own application process.  However, by using the National Council on Aging checklist, you may discover several programs that you never even knew existed.

If you are interested in learning more about special programs for seniors, use this link to find a number of Amazon books about senior benefits.

If you are interested in more helpful retirement information from this blog, check out the index articles below.  Each one contains an introduction to that topic plus links to a number of related articles:

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement

You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Photo of computer courtesy of www.morguefile.com


Thursday, July 11, 2013

Starting Over in New Retirement Destinations


Many Baby Boomers already have a vague idea of where they would like to live after retirement, whether that means Florida, South Carolina, Southern California, Arizona, some other region of the U.S., or even another country.  However, if you are within ten years of retirement, have you actually taken steps to narrow things down to a few specific retirement destinations where you would like to live?  After all, simply saying Florida or Ecuador is not very specific if you really want a smooth transition to retirement.  You are going to have to put some effort into picking a specific location and then making the transition happen.

Choosing the Best Retirement Destinations

Long before you are ready to move into a retirement home, you have to begin to search for the right community that will work best for you.  This is true whether you are looking at places within the United States or in a foreign country.  Here are some steps you should take:

Years before you expect to move, you should begin to take trips to various retirement destinations.  Be open.  For example, if you think you want to retire in Florida, take some vacations there.  However, you should also spend some time in nearby areas such as Georgia, South Carolina and along the coast of Alabama. Take into consideration issues such as how far you would be living from family members, such as grandchildren or elderly parents.  Compare the distant retirement destinations with a few retirement communities that are located in the same region where you currently live.  Since there are now retirement communities located throughout the United States, there is no reason why you should have to move far away from your loved ones unless you really want to.  This is the time to explore all you options, so enjoy it.

When you go on vacation, try to rent a place to stay that is in or near the retirement communities you are considering.  If you contact some of the newer communities in advance, many of them have special programs that allow you to spend a weekend in their community, take a tour and use some of the amenities.  If this is not an option, call a Realtor in the area and ask if they would show you some of the available homes in the neighborhood during your vacation trip.  Both of these are excellent ways to see which communities might work for you.

In addition to visiting during your annual vacation, I suggest you tour your favorite retirement destinations in the off season.  Go to Arizona or South Florida in mid-summer.  If you are considering retiring in Seattle, Pennsylvania or rural Michigan, go in the middle of winter.  You want to know the worst.

Read up on a variety of retirement locations.  There are many that you may not have heard about.  In addition, there may be negatives about certain areas that the property managers and Realtors will not tell you.  Read the articles in this blog (see the index articles at the end of this article to find links to dozens of articles about specific retirement destinations), and do research on other websites, as well.  You want to be fully informed.

Make a budget for your housing and stick to it.  Don't be persuaded to overspend.  It will only make you regret your housing decision.

How to Make the Transition to Retirement Easy

Even before you make the move, you need to begin to get ready for the change.  The first thing you may need to do is downsize your belongings.  This is a great time to give your children some of your possessions that they would like to have and you no longer need.  In addition, if you are storing things to give your children someday in the future, now is the time!  Three of our four daughters have items that came from our previous, larger homes.  When we go visit our kids, I jokingly tell them that I am "visiting our furniture."  It's important to accept that you are really giving these things away.  Do not get distressed if your old items are not treated with the same care you once gave them.  These items are gifts.  Let them go.

Once you have downsized your belongings, you are ready to actually prepare for your move.  Once you are within a year or so of making the change, put your current home up for sale, particularly if you find yourself in a "hot" real estate market.  That may not be the case in another year, so take advantage of strong real estate markets, when you can.

 If you sell your home sooner than planned, and you are still a few months away from retirement, you can rent a small apartment or home temporarily.  Many apartment complexes will let you rent month-to-month if you know you are going to be there less than six months.

Once you are ready to move to your retirement destination, if you are still uncertain whether it is right for you, lease a home in your chosen community for a year.  After that you will be better prepared to commit yourself.

Starting Over In a New Location

After you have moved and gotten settled, you cannot simply sit at home.  If you do, your new location will eventually stop seeming like your dream retirement.  In Laguna Woods Village, where we currently live in Southern California, there are dozens of activities going on all day long, every day of the year.  No one could possibly participate in a tenth of the activities offered.  However, I know that there are people here who are lonely and never participate in anything.  You will have to make the first move by getting out of the house and becoming active in your new community.  That is the only way to meet new people, which is important at any age.

Get involved.  Join a club, church or sports league. 

Sign up for a class, whether you want to learn bridge, photography or art.  Many community colleges, and even some four-year colleges, offer special Emeritus classes for seniors.  I take several free exercise classes through the local community college, and they are great for me both physically and socially.  The same community college also offers a wide variety of free classes in art, computer applications, history and other interesting subjects, both academic and non-academic.  Have fun learning new things!

Go to the gym or the swimming pool in your community.  Nearly every retirement community has both.

Make an effort to find friends.  Reach out to others.  Many of your new neighbors will also be transplants from other parts of the country, so they may be open to new friendships, too.

Expect some moments of homesickness.  Fortunately, today it is easy to stay in touch.  Call the people you miss and occasionally Skype with them.  In addition, periodic visits back to the old neighborhood can help keep the homesickness at bay.

If you are nervous or worried about meeting new people, you may be interested in this direct link to Amazon books about how adults can make new friends.  With very little effort, you'll soon be much happier in your new home.

If you are interested in learning more about some of the interesting retirement communities that are available, as well as getting other types of retirement information, click on the index articles below.  Each one contains an introduction and links to a number of helpful articles.

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement


You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Photo of suburban home courtesy of www.morguefile.com

Sunday, July 7, 2013

Sun City Shadow Hills in Indio, California

Many people who are planning their retirement are hesitant to consider California because they believe it is too expensive to retire there.  However, there are a number of affordable over-55 retirement communities that are attractive and have a wide variety of amenities, especially in the desert towns around Palm Springs in the Coachella Valley.  One of these is Sun City Shadow Hills in Indio, California.

Sun City Shadow Hills was listed in Where to Retire magazine, in their July/August 2013 issue, as one of the 50 best master-planned communities in the U.S.  This list was culled from ALL master planned communities in the United States, not just those designed for people over the age of 55.

Shadow Hills Amenities

This beautiful desert retirement community was developed by Del Webb and has a wide variety of the amenities that many retirees are requesting.

Golfers will love:

18 hole putting course
18 hole Par-3 course that is about 3,000 yards long
18 hole Championship golf course that is 6,773 yard long

Golfers and non-golfers alike will enjoy:

A 35,000 square foot main clubhouse
A second clubhouse, called the Santa Rosa
The amphitheatre
The Performing Arts and Ballroom facilities
Billiards and table games
Fitness centers at the clubhouses
Hobby, card and game rooms
Tennis and Bocce Courts
Both Indoor and outdoors pools and jacuzzies

In addition, the staff and volunteers in the community organize special events and trips to other locations in Southern California, including the San Diego zoo, area casinos and the wine country.

The nearby Coachella Valley communities of Palm Springs, Palm Desert, Desert Hot Springs, La Quinta, Indian Wells and Indio all offer a wide variety of special events, activities and attractions of their own, including art galleries, art museums, world class tennis facilities, restaurants, shops, movie theaters and a variety of festivals, including a spectacular hot air balloon festival.  The towns have wide, palm lined boulevards that take you past the entrances to beautiful resorts and planned communities.  Street sculptures, like the one pictured in the above photo, are sprinkled throughout the various desert communities.  There is no reason to be bored while you live in Sun City Shadow Hills!

Cost of Living

There are a wide variety of home prices in this wonderful community, ranging from about $200,000 for a 1,321 square foot home to approximately $455,000 for a larger 2,955 square foot single family home.  With 10 different home designs, buyers have plenty of choices in both design and price.

The monthly homeowner's fee in 2013 was $237.

Property taxes run approximately 1.4 percent of the value of your property.  This means that if you purchase a $300,000 home, your property taxes will run approximately $4,200 a year, or perhaps slightly more if there are special assessments or parcel taxes that have been added on.

Conveniently Located

Residents of this area not only enjoy the amenities of their own community and the rest of the Coachella Valley, but they are also less than a two hour drive to the coastal communities of Los Angeles and Orange County.  In addition, a roughly two hour drive in another direction can take residents up into the mountain communities of Big Bear and Lake Arrowhead.  There are an enormous variety of climates and activities available to active seniors who want to have a convenient location to call home.

Disadvantages

The only complaints I have ever heard about this community is the summer desert heat and the periodic wind and dust storms that erupt from time to time.  In both cases, the residents have two choices.  They can either confine their outdoor activities to early morning and late evening, or they can rent a place to stay near the coast during a portion of the summer.

I have had friends who have chosen both options, and they have managed to get through those hot, dry, windy summer days with little difficulty.  However, for people who really hate the idea of a dry desert climate, this community may be less appealing.

More Information

If you would like to read more about the Coachella Valley, you may want to read a few books about the area.   You can use this direct link to Amazon.com books about Palm Springs and the Coachella Valley to see the choices that are currently available. 

Contact Information for Sun City Shadow Hills

If you would like to get more information specifically about Shadow Hills or plan a visit, here is their website and contact information:

http://www.delwebb.com/communities/ca/indio/sun-city-shadow-hills

On the website you can also make arrangements to schedule a two-night visit for only $99, including a tour of the community and participation in an activity.

Sun City Shadow Hills
81-346 Corte Compras
Indio, CA  92203

Toll Free number:  (800) 420-5059


For those of you who are looking for more retirement planning ideas, or want to get information about other places to retire, click on the index articles listed below.  Each one as a short introduction as well as links to a wide variety of other articles on that topic.

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement


You are reading from the article:  http://baby-boomer-retirement.blogspot.com

Photo of modern sculpture in Palm Desert, California is courtesy of www.en.wikipedia.org/commons

Thursday, July 4, 2013

Are Cruise Ships Safe for Your Next Vacation?

One of the preferred vacation venues for many Baby Boomers, as well as people in other age groups, is to travel by cruise ship.  It is incredibly convenient to travel between locations without the necessity of changing hotels or dealing with rental cars in unfamiliar locations.  In addition, it is nice not to have to worry about where to eat, where to find a hair salon, how to arrange for sight-seeing tours or any of the other concerns that can come up when we are traveling on our own.

However, the cruise industry has also received a lot of bad publicity in the past few years, causing concerns about cruise ship safety to receive international attention.  Perhaps the best known event was the tragic accident when the Costa Concordia hit rocks and sank off the coast of Italy in January, 2012, killing 32 people.  Less dramatic events have included people falling (or being pushed) overboard, on-board fires, flu outbreaks, loss of power, overflowing toilets, bad weather and similar problems and disasters.  These events have led many travelers to wonder if the risk is worth the reward.

Are Cruise Ships Safe?

Fortunately, despite the headlines, cruise ships actually have an excellent safety record.  According to the Cruise Lines International Association (CLIA), more than 17 million people a year take cruises, virtually all of them without a problem.

Still, crimes do happen.  In 2012, the Coast Guard reported that they investigated 15 crimes on cruise ships.   Eleven of those investigations involved sexual assaults, with crew members being suspected in six of those cases.  In addition, a number of cruise ship crimes are not investigated by members of the Coast Guard, but by Bahamian authorities, because many ships are registered in that country.  Problems occur with ships registered in other countries, as well.  One analysis by researchers of all the cruise ship crimes reported worldwide for 2008 indicated that there were 151 reports of unwanted sexual contact or touching, with 56 of those cases involving a crew member ... either as the victim or the aggressor.  This appears to be the most common type of crime to occur on a cruise ship.

While any level of crime is unacceptable, when you consider the small number of crimes compared to the 17 million people traveling on these ships, the fact is that crime rates are significantly lower on sea than on land.   However, in order to improve our knowledge of criminal activity on board ships, Senator Jay Rockefeller of West Virginia sent letters in May, 2013 to three of the major cruise lines, Carnival, Norwegian and Royal Caribbean, demanding that they do a better job of reporting crime statistics.  Senate hearings are expected to eventually be held on this topic, although they haven't been scheduled as of this writing.

How to Increase Your Cruise Ship Safety

Of course, no matter how low the crime rate is, most of us would prefer to not be the victim of a crime during our vacation.  Fortunately, there are actions you can take in order to increase your personal safety and enhance your vacation fun.  After all, nothing can ruin a cruise faster than falling victim to a crime, being injured, or having similar vacation hassles.  By taking a few precautions, you can increase the likelihood that you will avoid many emergencies and be able to survive the few situations that you cannot avoid.  Here are a few actions that are highly recommended:

Participate in the onboard safety drill.  The crew members will let you know where your lifeboat is located and may have you try on your life jacket.  Don't skip this activity.  While it is unlikely that you will ever need either your lifeboat or life jacket, you definitely want to know where they are before an emergency!

Try on your life jacket and make sure you have enough life jackets in your cabin, in the correct sizes, for everyone in your cabin.  If your kids or grandchildren are with you, make sure they have jackets that are the right size for them, too.

Be aware of fire hazards.  When my husband and I took our children on a cruise to the Bahamas about 15 years ago, we were watching a magic show in the theater when a fire started in an area behind the stage.  Everyone calmly evacuated the theater, which was then closed for the remainder of the cruise.  However, if the fire had spread or people had panicked, this event could have turned into a disaster.  Fire is a serious concern for cruise ships.  According to reports, fires have been started by people who threw their cigarette butts over the side, only to have them get sucked back into the ship.  Consequently, it is important that you only smoke in designated areas and dispose of your butts correctly,  In addition, don't light candles in your cabin!

Register your name with the U.S. Department of State's free Traveler Enrollment Program.  This will help if you are in a foreign port and you need assistance in an emergency. 

Check the U.S. Department of State's website for travel warnings about any foreign countries you may be visiting on your cruise.  You should take these travel warnings into consideration in planning your trip.  We once went to Puerto Vallarta when the local citizens were rioting over the death of a teenage boy who had been killed by the police.  We also visited Jamaica during a time of so much political instability that guests had been killed in our luxury resort just a few days before our arrival.  In neither case did we have any idea that these things were going on before we arrived.  I would advise other travelers to be a little more responsible than we were and check the State Department's website before planning a trip to any foreign country, whether going by sea or by air.

Give thoughtful attention to your shore excursions.  If you take a group excursion that has been arranged by your cruise company, you are unlikely to have any problems.  However, if you decide to rent a car and go exploring on your own in an unfamiliar country, you need to do some serious investigating in advance to make sure you know where you are going and that you will be in a relatively safe area.  You also want to make sure you allow ample time to get back to your cruise ship before it sets sail, again.  They won't wait for you!

Do not take valuables on your cruise.  I have heard of a number of cases of people who had belongings stolen while they were on a cruise ship.  Just because you are on vacation does not mean that you can let down your guard.  You need to practice the same personal safety precautions that you would anywhere else.

Be aware of the risk of sexual assaults.  Women should be cautious about about being approached by strange men.  Despite the old television show, the "Love Boat," onboard romances do not always turn out well.  In addition, do not leave children alone in cabins.  There have been a few incidents reported of crew members letting themselves into cabins and molesting unsupervised children.  Overall, however, incidents of sexual assault do appear to be on the decline.  In 2010, there was 28 cases reported to the FBI.  In 2011, there were 13.  In 2012, only one case had been reported by mid-year.  Modern cruise ships have security cameras and sophisticated security departments, which have increased their safety.  Still, it is wise for women and children to be a little extra cautious and avoid being left alone in deserted areas of the ship, especially at night.

Exercise good judgement and limit your alcohol consumption while on vacation.  Some people feel that a cruise is their opportunity to really let loose.  However, many accidents, injuries and incidences of sexual assault have occurred when the victim was drunk.  Simply by keeping your alcohol consumption at a reasonable level, you can do a lot to reduce the likelihood that something bad will happen on your cruise.

Don't forget your personal hygiene while you are on vacation.  There have been outbreaks of the flu and other communicable diseases on many ships.  On the cruise we took to Alaska a few years ago, there were hand sanitizing stations located at the entrance to every food establishment and ship personnel stood nearby and encouraged the guests to use the sanitizers.  You may also want to pack hand sanitizers or sanitizing wipes in your luggage, to reduce your exposure to harmful bacteria.

Take typical weather conditions into consideration.  August and September are the most likely months for hurricanes to pop up in the Gulf of Mexico and Caribbean.  Unless you are very adventurous, you may want to take that knowledge into consideration when planning your cruise.

Buy travel insurance.  If you encounter serious problems on your cruise, your travel insurance plan may be able to assist you in arranging a medical evacuation or a security evacuation in the event of a natural disaster.  They also provide coverage for trip cancellations, travel delays, lost luggage and other common travel problems.  This is one way to make it easier for you to deal with any problems that do come up on your dream summer cruise.

Bottom line:  Overall, cruising is one of the safest forms of vacation travel available and, by taking a few reasonable precautions, you can sharply reduce the likelihood that you will have any problem at all.

If you love to cruise, you may also be interested in checking out this direct link to cruise vacation information on Amazon.com.


More Retirement Information:

If you are recently retired or planning to retire soon, you may be interested in looking through the index articles below.  Click on one and you will find a brief introduction and links to more articles on that topic.

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement

Sources:

http://www.aarp.org/travel/cruises/info-05-2012/cruise-ship-trip-safety.2.html

http://www.foxnews.com/travel/2012/06/27/how-safe-is-your-cruise-ship/

http://www.travelguard.com/

http://www.floridatoday.com/article/20130609/NEWS01/306090049/Cruise-ship-crime-stats-aren-t-smooth-sailing


You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Photo of cruise ship courtesy of www.morguefile.com

Sunday, June 30, 2013

Heritage Todd Creek in Thornton, Colorado

Not everyone wishes to retire to Florida, Arizona or one of the other Sun Belt states.  Some people long for the opportunity to get away to the mountains, instead.  One popular age-restricted community that offers retirees an opportunity for peace and quiet in the mountains is Heritage Todd Creek by Lennar in lovely Thornton, Colorado, just 12 miles north of Denver.

This retirement community is so appealing that it has been listed by Where to Retire magazine as one of the 50 best master-planned communities in the United States.  It is the only community on their list from the state of Colorado.  If you are considering a move to the mountains after you stop working, this community should be near the top of your list.

Of course, if you are considering relocating to Colorado from another state, you may want to visit the area in the winter to get a better idea of what it is like to live in a cold snowy climate.  For those of you who are used to dealing with cold weather and don't mind it, Heritage Todd Creek is a beautiful place to enjoy your later years.

Amenities at Heritage Todd Creek

Like other over-55 age restricted communities, there are a number of wonderful amenities that are designed to help you have a fun, healthy and active retirement. 

Facilities:

Stunning 33,000 sq.ft. clubhouse with dramatic views
Full-service restaurant and bar at the golf club

Arthur Hills 18-hole championship golf course
Indoor and outdoor saltwater pools
Tennis Courts
Miles of walking and biking trails
Fitness Center

Billiards room
Crafts room
library
Ballroom

Special Programs:

Yoga, jazzercise and water aerobics classes
Line dancing
Horseshoes
Bridge and poker
Karaoke
Bingo
Book clubs
and many additional fun planned activities


With Denver only a short drive away, residents have full access to all the advantages of living near a big city, including restaurants, theaters, shopping malls, museums and entertainment.  The community is also near several Colorado state parks.  It only takes a few hours to drive up the mountains to the fabulous ski resorts of Breckenridge, Keystone and Vail.

Homes and Price Ranges

Compared to the senior communities in some other locales, Heritage Todd Creek is quite affordable, with home prices ranging from the low $300,000 range up to about $380,000 for single family homes.  Home sizes range from 1470 to 2574 square feet with two and three car garages.  The square footage does not include the full size unfinished basements, which give residents the opportunity for even more living space. The housing is quite new, as well, since less than 400 of the 1,300 homes that have been planned have been built so far.  This is your opportunity to own an affordable, brand new retirement home in a spectacular location.

The monthly homeowner's dues in 2013 are $145.

Contact Information

Heritage Todd Creek
8585 E. 152nd Lane
Thornton, CO  80602

(720) 685-0873
(877) 201-2795

HeritageToddCreekLifestyle.com

If you are new to Colorado and would like to read more about tourist destinations, hotels, restaurants and more, you may want to use this link to Colorado guidebooks from Amazon.com. It will make it much easier to become familiar with the many interesting places to visit in this fabulous state.


If you are currently planning your retirement, you may also wish to check out the index articles listed below.  Each one contains some general information plus links to a number of articles on that topic.

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement


You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Photo of Thornton welcome sign courtesy of www.en.wikipedia.org/commons


Thursday, June 27, 2013

Average Retirement Age in the US for Boomers

Boomers are Retiring Sooner than Expected

Good news!  Many Baby Boomers have proclaimed for years that they are not worried about saving for retirement because they plan to work until they drop.  In reality, that is not actually what is happening.  In fact, while the average retirement age has actually increased over the past two decades, people are not working as long as they once predicted.  For a number of reasons, people are making the decision to stop working sometime in their mid-60's, whether it is because of health reasons or simply because they want to spend a few years teaching their grandkids to fish.

Both the Gallup Poll organization and the Metlife Mature Marketing Institute have recently surveyed Baby Boomers and they made some interesting discoveries.  I thought that my Boomer readers would be interested to see what they learned.

Results of Metlife Survey

The Metlife Mature Marketing Institute surveyed older Baby Boomers, those who were at or near retirement age.   Here are the results of their survey:

The average age when the Boomers they surveyed decided to file for Social Security was 63.6.

Over one-half of the Baby Boomers who were born in 1946 were fully retired within a year of reaching age 66.

Baby Boomers are retiring about five years earlier than they had predicted they would. In fact, about 54 percent of Baby Boomers retired sooner than planned.  In about 32 percent of the cases, they retired because of health reasons; in 24 percent of the early retirements, it was because of a job loss.  In other words, many Baby Boomers are discovering that it simply is not possible to work as long as they had planned, even if they would still like to.

Not everyone who retired in their 60's, however, did so because something bad happened.  The Metlife survey discovered that about one-third of the retirees had quit their jobs simply because they wanted to and they were confident that they had enough money to get by.  The people in this group of retirees either felt they had had enough of their jobs, or they wanted to have some time to enjoy what was left of their lives.  I can relate to this group, as I recently retired from the job I had held for the past ten years and now I feel suddenly liberated!

No matter why they retired, the good news is that nearly all of the older Baby Boomers who had already retired said on the survey that they either "liked it somewhat" or they "liked it a lot." I plan to be in the latter group.

On the other hand, the Boomers who have not yet retired continue to predict that they will work until they are about 71.  This predicted retirement age has actually increased.  As recently as 2011, Boomers were predicting that they would quit working at age 69.  Many of these Boomers are listening to the financial planners who recommend that Boomers work as long as possible and delay collecting their Social Security benefits until age 70, so they can maximize their benefits as much as possible. 

My conclusion about all this is that people seem to be happy to retire early when they can, even if the retirement wasn't entirely planned.  However, those who decided to wait are often doing it for sound financial reasons.

Results of a Gallup Poll

I was interested in seeing slightly different results from the Gallup Poll, although this poll also indicated that people are definitely retiring at an older age than in the past, but sooner than they had expected.  However, the numbers that came up in the Gallup Poll were somewhat different than those in the Metlife Survey.  Here are some facts they discovered:

The average retirement age according to Gallup is now age  61; it was 59 about ten years ago and it was 57 in the early 1990's.

Currently, about one-third of workers say they plan to retire when they are age 66 or older.  In 1995, only 14 percent planned to wait that long.  Again, there is that five year discrepancy between when people say they plan to retire and when they actually are retiring.

My conclusion from both the Gallup Poll and the Metlife survey results is that, while people hope to wait to retire at age 66 or older, Baby Boomers are actually retiring much sooner.  I am sure the reasons that were given in the MetLife survey would be the same for the people contacted by Gallup.

If you have retired in the past three to five years, it would be interesting to my other readers if you would leave a comment letting us know what age you were when you retired and whether or not this was the age you thought you would retire.  Personally, I retired at age 64, about two years sooner than I had originally predicted, but I am happy I made that decision.

If you are starting to make your retirement plans, you may also be interested in checking out the topics below.  Each of these index articles contains an introduction plus links to a number of articles on that general topic:

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement



You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Source of Gallup and MetLife Statistics:

http://finance.yahoo.com/news/column-boomers-arent-working-forever-154655258.html

Photo of grandfather and his grandson courtesy of www.morguefile.com

Sunday, June 23, 2013

Consumer Financial Protection Bureau for Older Americans

There is a new government agency that has been established to help protect older Americans from financial abuse and scams against the elderly.  It is called the Office for Older Americans - Consumer Financial Protection Bureau. The opening of this new agency is significant because so many senior citizens have been victimized in recent years both by scam artists and members of their own families.  In addition, a number of retirees have been financially destroyed when they became involved in investments that were inappropriate for them.  This agency was created during the recent Great Recession when it became obvious that many older Americans had lost a significant amount of their assets.

In addition to the financial losses that have been caused by risky investments and scams, many senior citizens have been victimized by family members and financial consultants whom they believed to be reliable and responsible. Often large amounts of money have been drained from their accounts before they realized it. 

The mandate for this new agency covers a variety of types of financial elder abuse.  In fact, many of us have already benefited from the first actions taken by this agency, including requiring that credit card statements be simplified.  The agency is headed by Skip Humphrey, the son of former Vice President Hubert Humphrey.  In an interview in the March, 2013 AARP Bulletin, Mr. Humphrey said that the agency's goals are to prevent citizens from getting ripped off and to help people make smart financial decisions.

Consumer Financial Protection Bureau Projects

This new agency has already accomplished a great deal.  However, they have many other plans that will help protect both senior citizens and the general public.  Here are some of the changes they hope to implement over the next few years:

They plan to investigate credit reporting bureaus and require that they make it easier to fix mixtakes on credit reports.

They are in the process of writing easy-to-read guides to help people choose financial advisors.

They plan to require operators of nursing homes and similar facilities to resolve problems with unpaid bills quickly so they can help officials discover if the person has been scammed or is no longer able to handle their finances because of dementia.

They are writing a guide called "Money Smart for Older Adults" to help people learn how to avoid getting scammed.

Senior citizens will also be encouraged to report scams that occur.  Many older Americans are hesitant to report these events because they are embarrassed or afraid that their families will take away their independence.

The agency also plans to tackle the issue of risky reverse mortgages, which have left many senior citizens homeless.  This is an issue that has also been discussed before in this blog, so I was especially pleased that some changes may be made to that program.

How to File a Complaint with the Agency

If you feel that you have been scammed or treated unfairly in any financial situation, you can file a complaint with the Consumer Financial Protection Bureau.  In fact, you are encouraged to do so because you may help prevent the same thing from happening to others.  The agency has set up a website where you can register your complaints and then follow up by tracking their progress.  However, for people who are less comfortable with computers, the agency offers a variety of ways you can file a complaint.  Here is the agency's contact information:

Office for Older Americans
Consumer Financial Protection Bureau
P.O. Box 4503
Iowa City, Iowa 52244

Phone:  (855) 411-2372 (toll free)

Fax:  (855) 237-2392 (toll free)

email:  info@consumerfinance.gov

Website:  http://www.consumerfinance.gov

Complaint website:  consumerfinance.gov/complaint

The more information you give the Consumer Financial Protection Bureau, the better they will be able to do their job.  This is especially important because studies indicate that currently only about 4% of victims ever report that they were scammed.  Increased reporting will also improve the effectiveness of this new agency.

If you are interested in learning more about ways to have a well-planned retirement, you may want to click on the index articles shown below.  Each one contains an introduction plus links to a variety of articles on that topic:

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement


You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Photo of older Americans courtesy of www.morguefile.com

Thursday, June 20, 2013

Advantages of Senior Apartments

A few weeks ago, a Baby Boomer friend of mine moved his mother into a senior apartment.  Her husband had recently died and the 83 year old woman was no longer able to keep up the home where she lived, either physically or financially.  My friend checked out a variety of housing options before deciding on a senior apartment complex.  His mother did not need a nursing home and she could not afford to move into a luxurious over-55 retirement community.  He was able to locate a senior apartment complex for her in a safe, desirable suburban community in Orange County, California, within a 20 minute drive of all three of her adult children, and his mother was delighted with the selection.  Now that she has been living there for a few weeks, my friend told me that his mother has made friends, begun to participate in the weekly Bingo games in the community center, and has started taking classes at the nearby senior center.

Senior Apartment Advantages

Why should you choose a senior apartment rather than an apartment complex that is open to people of all ages?  One of the major advantages with senior apartments is that the residences are typically safer for the elderly than those that are open to the general public.  For example, apartments for seniors are more likely to be designed with accident prevention in mind.  Residents are less likely to have to deal with poorly lit or uneven walkways.  Multi-story buildings have elevators.  The bathrooms typically have grip bars.  Even in high rise and mid-rise buildings, the residences are normally on one level and often have wider doorways and similar design changes that could allow for wheelchair access should that become necessary in the future.

There is one more reason why senior apartments are safer for the residents.  Crime is extremely low in these communities.  The elderly are significantly more likely to be victims of crime when they live in mixed age housing where a few predators may see them as easy prey.  Senior complexes often have limited access entries, monitored lobbies and other layers of protection.

In addition to safety, there are other reasons why these complexes are preferable.  They are often built near shopping centers, medical facilities and senior centers.  They usually offer a variety of clubs, activities and age-appropriate exercise classes.   Older adults may feel more comfortable getting into a swimming pool or taking a yoga class when they are with other people their own age.  The facilities frequently organize parties and other social events, so that elderly residents are less likely to suffer from loneliness and depression.  Many of them have exercise rooms and some, especially in colder climates, even have indoor pools.

Another advantage for residents is that special services for senior citizens, such as trips, classes, or tax preparation assistance, are often provided to the residents of these complexes.  Elderly people who live in other communities may not be aware of these services, or they may not have the available transportation to access them.  It is not unusual for retirees who live in more diverse neighborhoods to be isolated from the programs that could help them.

The majority of senior apartments are designed for independent living and have their own kitchens.  It is rare for the complexes to serve meals since they are not nursing homes or assisted living residences.  On the other hand, a nearby senior center may serve low-cost meals, particularly at lunchtime, for those who wish to purchase them.  Some seniors may also be eligible to receive services from Meals on Wheels. 

Availability of These Residences

Senior apartments are located throughout the United States in virtually every city and large town.  They are more difficult to find in small towns and rural areas, although a few do exist.  Another concern is that many of these complexes have long waiting lists.  Here in Orange County, California, I have known of individuals who had to wait six months or longer in order to get into one.  However, everyone I know was eventually able to successfully secure an appropriate residence, though sometimes they were not able to get into their first choice.

The best way to get on the waiting list is to visit a over-55, age-restricted complex in your area and discuss availability.  If there is a waiting list, or if they are eligible for the government voucher program for low-income seniors, the management can connect you with the housing authority in your state.  For example, in California there is a website at:  http://www.calregistry.com/housing/srapts.htm where you can find available senior housing and learn how to get on the waiting lists for the properties that interest you.  Other states will have similar online registries.


What If Someone Needs Extra Care?

Residents of senior communities often find it easy to find caregivers and access extra help, when needed.  For example, if a person has hip replacement surgery or becomes injured, it may be possible to temporarily share a caregiver with a neighbor, or at least get a good recommendation to help you find a person who has worked with other residents of the community.  Neighbors often reach out to each other in these communities, as well.

What About the Cost?

There are a variety of types of apartment complexes for older Americans.  Many of them will accept government vouchers that are available to low income seniors.  This can be a life saver for the average Social Security recipient who only receives about $1200 to $1300 in benefits.  While many normal complexes also accept Section 8 vouchers, there are far more amenities available for retirees in residences that have been designed especially for them.

If you are interested in reading more about places to retire or other retirement information, check out the index articles below.  Each one contains a little general information as well as links to a number of helpful articles on that topic:

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement


You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Photo of apartment complex courtesy of www.morguefile.com


Sunday, June 16, 2013

Social Security Cost of Living Increases Under a Chained CPI

Since 1975, Social Security beneficiaries have received automatic annual COLA's or cost-of-living adjustments.  These were set up so that our benefits would increase every year in which there was inflation.  Over the decades, COLA's have protected millions of retirees from losing their ability to survive on their benefits plus, ideally, their retirement savings and/or a pension.

Historically, the cost-of-living adjustments have amounted to as much as 14.3% in 1980 down to 0% in both 2010 and 2011.  In 2013, the COLA was only 1.7%.  The amount of the increase each year has traditionally been based on the Consumer Price Index (CPI-W) for the year preceding the increase.  For the average Social Security beneficiary who was receiving $1,240 in 2012, the 1.7% increase raised the amount they were receiving to $1,261 a month. 

The Consumer Price Index that has been used to calculate the size of the of COLA's is based on the prices paid by urban consumers for a specific list of goods and services.  The inflation calculation that has been used in the past is the CPI-W, which is based on goods and services used by urban American workers.  This has been criticized because some advocates for the elderly believe that the CPI-E (or Consumer Price Index for the Elderly) should be used instead.  It relies more heavily on expenses commonly incurred by senior citizens, such as rising health care costs.  However, CPI-W has been used instead, although it is a less generous indicator of inflation.

Now, however, Congress is seriously considering replacing the CPI-W with the even less generous chained CPI.  According to many advocates for seniors, including AARP, this will effectively be the same as a net benefit cut for retirees, as well as for disabled Veterans, who would also see their COLA adjustments change.

President Nixon signed the Social Security COLA law into effect in 1972.  Since then, cost of living increases have been legally mandated whenever the CPI indicates that there has been measurable inflation.  During the past four years, however, the TOTAL cost-of-living increases have only amounted to less than 6%.  Despite this, there is a good chance that future COLA's will be even smaller, should the chained CPI replace the CPI-W as a measure of calculating inflation.

What is the difference between the traditional CPI-W and the chained CPI?  The CPI-W is a formula that measures changes in the cost of items that workers typically purchase.  A chained CPI assumes that, when prices for an item go up, people will substitute less expensive items.  For example, if beef prices rise people will eat more chicken; therefore, they will not actually be spending more money.  This means that the size of the Social Security cost-of-living adjustments do not need to be as large.

At first the difference in the cost-of-living adjustments may not seem to be very much, perhaps just $44 less annually during the first year.  However, the amount of lost revenue continues to compound annually.  For example, AARP estimates that a typical Social Security recipient who is receiving $20,000 a year when he retires at age 65, by age 70 will have lost $662 in cumulative benefits under a chained CPI than they would have earned under a CPI-W.  By age 80, they will have received $5,248 less; and by age 90 they will have lost $14,076 in cumulative payments.

Remember, the CPI-W is already less generous than the CPI-E which many advocates for seniors believe we should be using instead.  To go from a CPI-W to a chained CPI could be devastating for the majority of seniors who will continue to fall behind inflation during the portion of their lives when they may be facing high expenses for medical and personal care.  By the time seniors have been retired 15 or 20 years, very few of them are able to work and recoup the amount of income they are losing to inflation. 

If we Baby Boomers allow this change in the way our future cost-of-living increases are calculated, we could face a very difficult time during our retirement years.  ARRP suggests that everyone who is concerned about this issue write to the President, your Senators and your U.S. Representatives before this change becomes law.

If you wish to see how these changes could affect you personally, use the AARP calculator at http://www.aarp.org/whatyoulose

Resources:

http://www.ssa.gov/cola/automatic-cola.htm
http://www.ssa.gov/pressoffice/pr/2013cola-pr.html
http://www.ssa.gov/pressoffice/factsheets/colafacts2013.htm
http://www.bls.gov/cpi/
http://news.firedoglake.com/2012/10/16/social-security-cola-increase-for-2013-1-7/
http://www.aarp.org/politics-society/advocacy/info-02-2013/the-chained-consumer-price-index-explained.html

If you are interested in reading more about retirement planning, check out the index articles listed below.  Each one contains some general information as well as links to other articles on that topic.

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement

You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Photo of U.S. Capital Building courtesy of www.morguefile.com

Thursday, June 13, 2013

Arthritis and Foods You Should be Eating or Avoiding

One illness that most of us dread as we get older is arthritis.  There is no cure for it and about half of us will experience at least a bit of discomfort from this degenerative disease as we grow older. Some of us will suffer extreme pain and loss of mobility as a result of this diagnosis.  For Baby Boomers, this means that our Golden Years may not be as pleasant as we once hoped.

The U.S. Center for Disease Control keeps records of the prevalence of arthritis in the United States.  Here are some of the facts I found on their website:

Almost one out of two people will have symptoms of osteoarthritis in their knees by the time they are 85.  The rate is even higher if they are obese.

One in four people will have pain from arthritis in their hips during their lifetime.

About 50 million American adults have been informed by their physicians that they suffer from osteoarthritis, gout, rheumatoid arthritis, fibromyalgia or lupus ... which are all related autoimmune disorders.  This number will rise to about 67 million by the year 2030.

By the time we reach age 65, about half of all adults report that they have been diagnosed with arthritis.

Even our children and grandchildren are not immune.  About 1 in 250 children have been diagnosed with some type of arthritis, including rheumatoid arthritis.  (I understand how frightening this diagnosis is.  One of my granddaughters was diagnosed with it when she was only five years old.  While she currently gets by quite well, from time to time she does have a painful flare-up of her condition.)

Common Arthritis Treatments


Once we have begun to develop the pain and stiffness associated with arthritis, the most common treatments are over-the-counter or prescription pain relievers, and many seniors consume large quantities of these medications in order to alleviate their discomfort. Unfortunately, this can contribute to other health problems.  However, what if you could reduce the amount of painkillers you take by adding certain foods to your diet, and eliminating your consumption of others?  It would certainly be worth a try.

Below are three lists of foods which affect arthritis in our bodies, according to the AARP website.

Arthritis and the Best Foods to Eat

Fatty Fish like sardines, herring, tuna and salmon
Other Omega-3 foods such as flax seeds, soy beans, walnuts, pumpkin seeds and canola oil
Vitamin D from the sun or low-fat milk
Extra-virgin olive oil
Sweet peppers, citrus fruits and other foods containing Vitamin C
Brazil nuts
Onions and leeks
Tart cherries - fresh, frozen, canned or dried
Green tea - but make sure you drink the caffeinated, not the decaffeinated, kind


Foods to Avoid If You Have Gout or Gouty Arthritis

Shellfish - clams, oysters, mussels
Red meat
High-fat dairy foods
Beer
Anchovies, Herring, Mackerel
Organ meats like liver, brain, kidney and sweetbreads

(I found the mention of herring interesting, because it is considered good for other types of arthritis, but not gout.  It is important to know the type of arthritis that is causing your pain.)

Foods to Avoid for All Types of Arthritis

Sugar
Sunflower, safflower, corn and soybean oils
(Both are common in many commercial baked goods and snacks.  Anyone who suffers from arthritis should avoid baked goods, especially those that are ready-made in the grocery store.)


Resources:

If you are interested in learning more of the specifics about why these foods are good or bad for people suffering from arthritis, you may want to go directly to the full article on the AARP website, shown below:


http://www.lifescript.com/health/centers/rheumatoid_arthritis/tips/fight_arthritis_10_foods_that_help_and_hurt.aspx?utm_source=outbrain&utm_medium=cpc&utm_campaign=arthritis_rheumatoid

CDC Statistics on arthritis:

http://www.cdc.gov/arthritis/data_statistics/arthritis_related_stats.htm

If you are interested in reading more about medical issues as you age or about planning your retirement, check out the index articles listed below.  Each one contains general information as well as links to additional articles on that topic:

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical topics for Baby Boomers

Money and Financial Planning for Retirement

You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Photo of tart cherries courtesy of www.morguefile.com

Sunday, June 9, 2013

Ghosting or Identity Theft of the Deceased

Every year, 2.5 million dead Americans have their identities stolen, according to a report in the March, 2013 AARP Bulletin.  That works out to about 2,200 deceased individuals every day.  This statistic absolutely floored me, because I had no idea the practice was so common.  In fact, until I read the article, this was an issue that I had never thought about at all.  Admittedly, every once in a while I have heard about a criminal who assumed the identity of someone who was dead.  However, to be honest, usually the incidents I heard about involved characters on television crime dramas. This was not something I thought should concern me or people I might know in my own neighborhood!

Identity theft of deceased individuals is called "ghosting" and it has become incredibly widespread.

How Ghosting Happens

How do criminals get the information they need from a deceased person in order to steal their identity?  For the most part, we give it to them. 

First, the thieves go through obituaries in the newspaper to find the name, address and birthdates of the people they plan to target.

Next, they use websites on the Internet to purchase that person's Social Security number.  With just that information, they have everything they need in order to steal an identity.

What Do the Criminals Do With the Stolen Identity?

Thieves can commit a number of crimes once they have stolen an identity, whether the victim is alive or not:

First, they may open credit card accounts and make purchases in the name of the deceased person.  Often, this can go on for months, because the deceased and their heirs are not receiving the credit card statements, which may be sent to a P.O. Box or dummy address.  In addition, the deceased are not reviewing their credit reports.  Their heirs are probably not reviewing the credit reports, either.

Another type of crime occurs when the identity thieves go so far as to file fraudulent tax returns and collect refunds.  In fact, thieves actually collected $5.2 billion in 2011 alone by using ghosting techniques with the IRS!

How to Prevent Ghosting

With a few simple steps, family members can reduce the likelihood that the identities of their deceased loved ones will be stolen:

When you write an obituary, do not include the mother's maiden name, the birth date of the deceased, or any other detailed personal information that could help identity thieves.  In addition, do not include the home address of the deceased or any other family members.  Not only will you make it harder for identity thieves, but you will also make it less likely that your home will be burglarized during the funeral. (Of course, that's an additional problem that can come from releasing too much information in an obituary.)

Make sure you order plenty of copies of the death certificate.  You will need to mail them to each of the credit-reporting bureaus as well as insurance companies, banks, brokerage firms, credit card companies and the mortgage company.  If any of these are joint accounts, have the name of the deceased removed from the accounts as soon as possible.  If they are individual accounts in the name of the deceased only, have the accounts closed.  One of my friends, who has dealt with the death of several relatives, recommends that you get at least 20 certified copies of the death certificate because there are so many places where it needs to be sent.  She believes it is important to request more than you think you will need, because you do not want to have to through the delay of requesting additional certified death certificates.

Contact the Social Security Administration right away.  You can call them at (800) 772-1213 and report the death of your family member. 

Contact the DMV in your state and cancel the drivers license of the deceased.

Even after doing all this, you should wait a couple of months and then check the credit report of your loved one at annualcreditreport.com to make sure there has not been any recent activity.  Do it again a few months later.  If you see anything suspicious, report it immediately.

Being careful to prevent ghosting can also prevent a lot of headaches for the heirs and the trustees of the estate.  No one wants to deal with proving that purchases made or tax returns that were filed were done by criminals and not by the heirs.

If you are interested in learning more about issues related to aging and retirement, check out the index articles listed below.  Each one contains a few comments as well as links to more articles on that topic:

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement

You are reading from the blog:  http://baby-boomer-retirement.blogspot.com

Photo of cemetery courtesy of www.morguefile.com

Tuesday, June 4, 2013

Fascinating Statistics about Baby Boomers

What does it mean to be a Baby Boomer?  As we have all been told repeatedly over the years, we are the generation that was born after the end of World War II, in the years between 1946 and 1964.  Once the war was over, the soldiers returned home, got married and started families.  These young soldiers and their wives, who still remembered the Great Depression that preceded the war, were proud to buy their first homes in the suburbs where they hoped to provide a better life for their children than the one they had known before the war.  These children became known as Baby Boomers.

The very existence of the Baby Boomer generation has had a tremendous impact on American society, beginning with the need to construct new schools when we were children and, later, started families of our own.  Now that we are reaching age 65 at the rate of 10,000 a DAY, we will also be having a tremendous effect on both America's medical system and retirement system.

Although it is easy to make generalities about any group of people, the truth is that you cannot lump us all together.  We are a complicated bunch of people who embrace every political, economic, religious and philosophical aspect of American life.  When I do research for this blog, I am constantly running across interesting facts about our generation and thought I would share some of the more fascinating statistics with my readers.  If you want more details, I have also included my sources at the bottom of this blog post.

Baby Boomer Statistics Affecting Retirement

Every 10 seconds one of us turns 65 (this amounts to between 3 and 4 million Boomers a year).  This means that we are the force behind the rapid expansion in the number of over-55 communities, senior apartments and skilled nursing facilities.

Not only are we currently reaching the age of 65 at the rate of about 10,000 a day, but we will continue reaching retirement age at this rate for the next 20 years!  This will result in more than double the number of senior citizens in our country by 2050.

Nearly half of all American workers (which includes our adult children) have less than $10,000 in retirement savings.   However, even when you only consider older workers, one-fourth of workers in the 46 to 64 year old age group have NO retirement savings or personal savings.

Baby Boomers tend to carry more credit card debt than younger adults in our population.  Approximately 56 percent of current retirees still had outstanding debts when they retired.

Seventy percent of American workers plan to work after retirement, and forty percent of Baby Boomers say they expect to work "until they drop."  (Check the medical statistics below, however; many of us will not be able to keep working for the rest of our lives, even if we want to.)

In 1945, there were 42 workers for every person on Social Security.  Today there are only about 2.5 workers per Social Security beneficiary, and this number is expected to drop even more in coming years.

Without savings, the financial situation for many Baby Boomer retirees will be difficult.  The average retiree only received about $1,230 a month in Social Security benefits in 2012.

Baby Boomer Statistics Affecting the Medical System

By the time we reach 65, about two out of three of us have at least one chronic disease.

On average, we have seen seven different doctors in order to get our medical conditions treated, and this number is expected to grow to fifteen different doctors as we age.  This can create confusion due to conflicting instructions and lack of communication between the various physicians who treat us.

Boomers buy 61 percent of the over-the-counter medications and 77 percent of all prescription drugs that are sold in the U.S.

Boomers and the Economy

Our generation is the largest buying group in the U.S., and we account for 40 percent of our nation's consumer demand.

We control 70 percent of the total net worth of all households in the U.S.  This amounts to about $7 trillion.

We have about 80 percent of all the money currently deposited in savings and loan associations.

We like to travel.  Boomers account for 80 percent of all leisure travel.

On the other hand, Americans over the age of 55 now account for 20 percent of bankruptcies in America.  Over 60 percent of these bankruptcies were caused by our medical bills.  In 75 percent of the bankruptcies that were caused by medical bills, the people actually had health insurance!  This means that having health insurance is not enough to protect our financial situation if we do not also have adequate retirement savings.

Other Interesting Statistics

Boomers watch more TV than any other age group.  (Perhaps we should stop criticizing our teenage grandkids for watching too much TV!)

We also read more newspaper than any other age group.  (This did not surprise me, since most of my adult children and grandchildren barely read the newspaper. They tend to get all or most of their news online.)

We use technology in our jobs, we are internet-savvy, and we enjoy shopping online.  (While many of our parents may still resist using some forms of technology, our generation embraces it.)

We are involved in our communities, with about 29.3% of us regularly volunteering.

About 55 percent of boomers plan to move to a new location when they retire.  About half of those will move to an area that is more than a three hour drive from where they live now.  They will be looking for homes that are smaller and require less maintenance.  This has helped to fuel the housing boom in senior communities and housing.

Despite some of the grim financial and medical statistics listed above, about 34 percent of Boomers love being empty nesters and say that their time alone makes them feel closer to their spouses.  This may also be related to the fact that Boomer women can expect to be sexually active until age 66 or older (according to Time Magazine, April 26, 2010).

The bottom line appears to be that, while Boomers can expect to have to deal with serious financial and medical issues in the future, there are still many reasons for them to look forward to enjoying the coming  years.

More retirement information:

If you are interested in more information about retirement, check out the index articles listed below.  Each ones contains an introduction and links to more articles on that topic.

Gifts, Travel and Family Relationships

Great Places for Boomers to Retire Overseas

Great Places to Retire in the United States

Health and Medical Topics for Baby Boomers

Money and Financial Planning for Retirement

Resources:

http://www.babyboomer-magazine.com/news/165/ARTICLE/1514/2012-02-17.html

http://www.babyboomer-magazine.com/news/165/ARTICLE/1217/2013-04-03.html

http://www.nationalservice.gov/programs/senior-corps

http://theeconomiccollapseblog.com/archives/do-you-want-to-scare-a-baby-boomer

http://www.stageoflife.com/StageRetirement/OtherResources/Statistics_about_Baby_Boomers_and_Retirement.aspx

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