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Latest News

Study: Elderly population to rise more than projected

Long-range estimates say number of working adults will decline at same time
October 11, 2012
News Wise
A new statistical model predicts that by the year 2100, the number of people older than 85 worldwide will increase more than previously estimated, and there will be fewer working-age adults to support them than previously expected.The findings,
Read More

Boomers said to carry excess debt

Study suggests that those nearing retirement aren't putting enough in savings
October 11, 2012
PR Newswire
Baby boomers aren't saving enough for retirement because they are spending too much on mortgage debt—and carrying that and other debts into their near-retirement years, says a new study from the National Center for Policy a greater percentage
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—Staff photo by Mike McLean

Riverview looks to secure up to $20 million in bonds

Funds would refinance debt, pay for aquatics project, major remodels
October 11, 2012
Mike McLean
Riverview Retirement Community says it plans to pay for a major remodel, refinance debt, and fund ongoing construction through the sale of $16 million to $20 million in tax-exempt revenue bonds.The majority of the bonds would fund remodel at the
Read More
—Staff photo by Treva Lind

Alzheimer's group here sees increase in requests

INW chapter sponsors support groups, classes; stresses early diagnosis
October 11, 2012
Treva Lind
Staff members at the Alzheimer's Association Inland Northwest Chapter in Spokane say they are seeing a rise in demand for support services and information in recent years, in part because of better awareness and diagnosis of the disease.Joan a a
Read More
—Staff photo by Kim Crompton

Designing homes to last their owners a lifetime

Curt Schimanski's new entity, Forever Homes, aimed partly at boomers
October 11, 2012
Kim Crompton
Spokane Valley residential designer Curt Schimanski, who has worked with some of the Spokane area's most prominent homebuilders, believes there is untapped demand for new homes designed specifically to meet the needs of residents as they age.He
Read More

Up to quarter of seniors may exhaust assets on health bills

In final five years, those on Medicare spend tens of thousands of dollars
October 11, 2012
News Wise
As many as a quarter of Medicare recipients spend more than the total value of their assets on out-of-pocket health care expenses during the last five years of their lives, say researchers at New York-based Mount Sinai School of Medicine. In 43
Read More

401(k) fee structures are hard to understand, study finds

Rules changes intended to increase transparency, but some still confused
October 11, 2012
Last summer, the U.S. Department of Labor put new rules in place to make it easier for 401(k) plan sponsors and participants to understand how much they're paying in 401(k) fees. However, a recent national survey of small business owners conducted
Read More

SBA, AARP to aid 'encore entrepreneurs'

Program intended to help those 50 and older who are starting businesses
October 11, 2012
The U.S. Small Business Administration and AARP have teamed up in an effort to improve the chances for success of "encore entrepreneurs," or entrepreneurs over the age of 50, by matching them with successful business owners and community leaders, a
Read More

Bellevue company takes over Beehive Homes facilities in North Idaho

Action at Beehive Homes occurs as retirement home operator revisits Wandermere plan
October 11, 2012
Mike McLean
Regency Pacific Management LLC, a Bellevue, Wash.-based retirement-community operator, has taken over operations at two North Idaho complexes developed and formerly run by Beehive of North Idaho Inc., says the court-appointed receiver that plans to
Read More
—Staff photo by Jessica Valencia

Unemployment causes some to dip into 401(k)s, jeorpardizing retirement

Tough economic times cause some to tap into 401(k), other savings
October 11, 2012
Jessica Valencia
As people lose their jobs due to the economy, more people have started to take money out of 401(k) plans and individual retirement accounts to make ends meet, says Greg Stewart-Longhurst, certified public accountant and founder of Stewart & PS. it
Read More
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