Bridge employment – working during retirement

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For some, leaving workforce continues years after retiringbridge employment

By Adam Allington, Associated Press

March 29, 2016

“The transition from employment to retirement used to be marked by a date on a calendar, along with some sheet cake, and maybe a gold watch.  Those days are long gone for most workers in the United States.

Today, the journey toward complete withdrawal from the labor force can last many years.  Economists refer to the transition period as ‘bridge employment.’  As more and more Americans either choose, or are forced, into bridge employment, the expectation of what retirement actually means is rapidly changing.

‘We shouldn’t even use the word ‘retirement’ any more.  It obscures more than it enlightens,’ says Boston College economist Joseph Quinn.

Quinn’s research has shown that for many seniors today, retirement is not a one-time event, but rather a process.  He attributes it to a changing economic picture that encourages more seniors to choose work over leisure.”

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Medicare Advantage

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Medicare Advantage: Know the Pitfalls

Source:  http://squaredawayblog.bc.edu/squared-away/medicare-advantage-know-the-pitfalls/

Social Security Credits for Moms?

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From the Center for Retirement Research…

Social Security Credits for Moms?

August 4, 2016

“Social Security’s benefits were designed for the typical family when the pension program was enacted in the 1930s….  A spouse, usually the wife, is guaranteed half of her husband’s full retirement age benefit under the program when she reaches her full retirement age – whether she works or not.  When her husband dies, her survivor benefit equals his pension benefit.

Social Security credits

But women who marry and become divorced within 10 years are not eligible for these benefits.  Nor, of course, are single working women, who receive benefits based solely on their own work histories.  Increasing numbers of women reaching retirement age today either were in short-term marriages or never married and won’t receive a spousal or survivor benefit. The problem is that most of these women are mothers.”

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Making money last in retirement

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By Adam Zoll | 03-21-2015 09:00 AM

Source:  http://morningstar.com

Note:  Not a live video as the host states.  It is a recorded version.

Pay gap major cause for retirement insecurity

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pay gap
sbeconomic.com

Women more likely than men to face poverty during retirement

by Adam Allington, Associated Press

July 10, 2016

CHICAGO — “During their working years, women tend to earn less than men, and when they retire, they’re more likely to live in poverty.

These are women who raised children and cared for sick and elderly family members, often taking what savings and income they do have and spending it on things besides their own retirement security.

The National Institute on Retirement Security, a nonprofit research center, reports that women are 80 percent more likely than men to be impoverished at age 65 and older. Women age 75 to 79 are three times more likely.”

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Do you have your NPS Senior Pass?

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The National Park Service (NPS) is celebrating its 100th birthday today!  

You can enter any of the 412 national parks for free from August 25 through August 28.  Seniors can celebrate for a lifetime with a NPS Senior Pass.  Here are the specifics from the National Park Service website:NPS Senior Pass

  • $10 Lifetime NPS Senior Pass
  • For U.S. citizens or permanent residents age 62 or over.
  • May be obtained online, in person at a federal recreation site or through the mail using this application form. The cost of obtaining a Senior Pass through the mail or online is twenty dollars ($20). Ten ($10) for the Senior Pass and ten ($10) for processing the application. Applicants must provide documentation of age and residency or citizenship.
  • May provide a 50 percent discount on some amenity fees charged for facilities and services such as camping, swimming, boat launch, and specialized interpretive services.
  • Generally does NOT cover or reduce special recreation permit fees or fees charged by concessioners.
  • Note: Golden Age Passports are no longer sold. However, these passes will continue to be honored according to the provisions of the pass.

For more information or questions go to:  http://store.usgs.gov/pass/senior.html.

About the author of LLR

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My PicThe Living Life Retired (LLR) author/administrator, Sherry L. Christensen, retired at the age of 55 from teaching business/marketing and advising DECA in a public high school.  She worked in industry for 20+ years before becoming a teacher.  A proud mother of one married daughter, her favorite little people, her three grandchildren, call her “Nanni.” Sherry became divorced in 2004 after a 21 year marriage.

Sherry holds an associates of science degree from Amarillo College, a bachelors of business administration degree from the University of North Texas, and a master of arts degree in educational leadership from the University of Northern Colorado.  She holds a teaching license and a K-12 principal license as well as a Career and Technical Education (CTE) credential.

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