Sunday, October 05, 2008
The financial crisis that toppled major Wall Street banks and snarled credit markets around the world has also taken a toll on nest eggs, forcing people to rethink when and if their savings will allow them to retire.
More than half of people surveyed in an Associated Press-GfK poll released Wednesday said they worry that they will have to work longer because the value of their retirement savings has declined (Associated Press, Oct. 1, 2008).
Talk about an inconvenient truth. I know the feeling. I watched the monster eat a giant hole in my IRA in September.
posted at 03:36:39 PM | permalink
Tuesday, September 23, 2008
Isn't that the way we all want it to be?
I think so. This article, by Jane E. Brody in the Times' Personal Health column, is one of many I've seen lately offering encouragement that the final years of life don't have to be a prolonged period of discomfort, distress and suffering.
"There is increasing evidence that the societal burden of increased longevity need not be so drastic," says the article. "Long-term studies have shown that how people live accounts for more than half the difference in how hale and hearty they will remain until very near the end."
posted at 09:51:38 AM | permalink