How Couples Deplete Retirement Savings A new article on highlights how Americans who save for retirement throughout their working lives often hold tight to that savings after they retire. The new study revealed that they eventually do spend much of this money and sheds light on where it goes.  The study focuses on the retirement spending patterns of couples, adding to similar past studies on single retirees. While both spouses are alive, the researchers found that a couple’s wealth remains relatively stable over time – until they start paying for medical care, nursing homes, and other major end-of-life expenses.  Read the full story at

Study Reveals Age Discrimination Affects Women More

source site Age discrimination is not a new concept and has been happening for as long as most of us can remember despite the fact that it is illegal in the US and most western societies.  According to, age discrimination involves treating someone (an applicant or employee) less favorably because of his or her age.

The Age Discrimination in Employment Act (ADEA) forbids age discrimination against people who are age 40 or older.  Despite this fact, age discrimination still exists, especially for female job applicants in their mid-60s according to a recent study of employer discrimination in hiring published by  The study, according to the article,  found “strong and robust” evidence that female job applicants in their mid-60s were much less likely to be called in for interviews for low-skill jobs than were younger women. Evidence of age discrimination among older men was more mixed, the article states, or even non-existent in one occupation.

go site “It seems there was age discrimination for women – no matter what,” said Patrick Button, an economist at Tulane University. The article notes that researchers sent out “more than 40,000 mock applications for jobs advertised online in 12 cities. The “applicants” fell into three age groups – 29-31, 49-51, and 64-66 – and submitted resumés in four job categories: retail sales, office administration, security guard, and janitor”.

follow site The results of the research definitely revealed age discrimination, particularly for positions such as receptionist or office manager in the Office Administration category which tends to be predominantly occupied by women.   The older women were much less likely to be called for interviews, the article stated.  There were also less calls for interviews in the sales and security categories for the older women.  Interestingly, the two predominantly male jobs, security guard and janitor, showed little evidence of age discrimination, the article notes.

see “The findings from this study hold implications for older workers, and particularly women, seeking a change in their full-time job or planning to ease into being fully retired by taking a part-time job”, the article concludes.

Read the full article at >>

Read Facts about Age Discrimination here.

Read about What is Age Discrimination here?


Will Baby Boomers Change the Meaning of Retirement?

A recent article in the discusses how many older Americans want and need to keep working and how that will require a major shift in the way the country thinks about the elderly.

According to the article, “a lot of people don’t want to grow old the way their parents did. The generation of Baby Boomers has drawn criticism—from themselves, among others—for holding overly high expectations for their lives and for pushing too hard to meet them. These are qualities, however, that could serve them nicely as they strive to grow older with some comfort and purpose”, the article states.

This generation of modern retirees will be challenged with not only filling their time but having enough money to retain solvent past retirement.  They also have the challenge of rethinking the way retirement looks.

The question is – do Baby Boomers want to give up their jobs entirely, or shift to part-time or flexible work, as some companies allow?  Read the full article at >>


What Derails a Planned Retirement Date?

According to a recent article by Squared Away Blog, many older Americans today are retiring before they’d planned, resulting in lower monthly Social Security checks, slimmer 401(k) accounts, and more golden years to pay for.

There’s no shortage of research looking into what derails these plans. But, for the first time, a new study by the Center for Retirement Research at Boston College ran a statistical horse race among the various reasons known to impact older workers’ decisions. Health issues finished first in the race, followed by layoffs, and a spouse’s early retirement.  Read Full Story>>