Stimulus checks being sent to millions of Americans are seen as a lifeline for many. The economic calamity caused by the COVID-19 pandemic has resulted in massive unemployment, shrinking bank accounts, and tightened family budgets, and the $1200 check can provide a little breathing room while paying for some essentials. But for retirees who aren’t… Continue reading 5 Wise Things Retirees Can Do With Their Stimulus Checks
Tag: retirees
Membership in Social Groups After Retirement Linked to Longer Life
Membership in social groups such as book clubs or church groups after retirement is linked to a longer life, with the impact on health and wellbeing similar to that of regular exercise. That is the finding of research published in February 2016 in the online journal BMJ Open. A release from the publishers notes that… Continue reading Membership in Social Groups After Retirement Linked to Longer Life
How Artificially Low Interest Rates Have Penalized Retirees
Retirees who depend on interest from savings to make it month to month haven’t had much to cheer about for several years. Interest rates were so low they might as well have been set at zero.Those low rates have been great for Wall Street, but not so great for retirees. Short term, Wall Street would… Continue reading How Artificially Low Interest Rates Have Penalized Retirees
Retirees Need Help in Addressing Substance-Abuse Issues
Researchers say that older Americans suffering from substance abuse often do so not because of retirement alone but because of many circumstances, such as the death of loved ones, that occur at that stage of life. Currently, close to three million Americans aged 55 and older suffer from alcohol abuse — and that is expected… Continue reading Retirees Need Help in Addressing Substance-Abuse Issues