Geriatrics

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Retirement network sponsoring James Hylton

Retirement Living TV officials announced Wednesday that the cable network will sponsor 72-year-old James Hylton during Speedweeks at Daytona International Speedway.

Hylton will attempt to become to the oldest driver to qualify for the Daytona 500 next week. He's driving the No. 58 Chevrolet for J.C. Weaver.

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Impulse keeps us living in present

If you're a pigeon in Leonard Green's lab, pecking at a green light gets you a tasty food pellet immediately. Pecking a red light means waiting - and oh, how eight seconds can try a pigeon's patience. But then the chute opens and you're rewarded handsomely - 30 pellets!

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Aegin Place: Fastest Growing Non-Medical Homecare Franchise Listed ...

LAS CRUCES, N.M., Jan. 16, 2007 (PRIME NEWSWIRE) (PRIMEZONE) -- Aegin Place, one of the few home health agencies specializing in live-in care only or round the clock care in the client's home, has been listed in the 2007 Entrepreneur Magazine's top 500 annual franchises directory. Of the 9 new home health care agencies listed, Aegin Place has shown the greatest growth. New franchises are generally unranked the first time they are listed. Entrepreneur Magazine screens the new entrants in the publication through a detailed application process. Unlike expensive nursing homes and assisted living facilities, Aegin Place gives older adults assistance with activities of daily living (ADLs) while remaining in their own homes. Aegin Place offers full-time personalized and professional non-medical care for those disabled either by aging or disease.


Sex ed for seniors is a growing need

In some neighborhoods, prostitutes know that one of their busier times of the month will be the first few days after Social Security checks arrive.

At a growing number of nursing homes and assisted-living centers, staff have arranged for one or more rooms to be set aside for senior couples to enjoy some intimate time alone.

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Two More Years for a Better Retirement

When I've written before about our collective need to save more for retirement, I've often cited my favorite retirement resource: our Rule Your Retirement newsletter service. In its pages, Robert Brokamp has explained that to make your nest egg last, you should conservatively plan to withdraw about 4% of it per year in retirement for living expenses. If you end up with a $1 million nest egg upon retirement, you'd withdraw $40,000 in the first year to live on.

That might sound not so bad, but many of us can't count on that $1 million yet. If you've got only $150,000 socked away, and you're eight years from retirement, you'll have to earn an annual average of 27% on your money to hit a million in time. That's nowhere near a reasonable amount to expect. Even the market's historical average annual gain of around 10% is far from a sure thing.



 

 

 

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