The Gallup poll survey question is: Do you, personally, or jointly with a spouse, have any money invested in the stock market right now -- either in an individual stock, a stock mutual fund, or in a self-directed 401(k) or IRA?
Given that Kristine didn't criticize those of us who have children, I don't see why you felt the need to make your comment. Jonathan's emphasis on civil and respectful comments is one the best things about HD.
I am also a retired academic and like you, I didn't experience any pressure to retire. However, there was clearly a bias on the part of the administration against older candidates for tenure-track positions at the assistant professor level.
I think RDQ's comment was a tongue in cheek reference to his much debated previous articles and threads where he argued that everyone's goal should be to be work until they are able to replace 100% of their base pay before retirement.
I don't see any comments in this thread that indicate a desire to take away the freedom to work later in life. Instead, I think the tenor of the comments is that it would be great if we could incentivize workers to work longer that is tempered by skepticism that this will ever happen for a variety of reasons. The current financial incentives to work longer include both the ability to save more employment income for retirement and to be able to delay claiming SS--ideally until 70. Those two benefits are substantial which implies that any additional financial incentives would also need to be substantial in order to have a meaningful impact on when folks decide to retire.
The food in our CCRC is generally excellent. However, we are in an upscale facility in Westchester County which is just north of NYC. Meals are reasonably priced (entrees $15-$25) but there are also occasional gourmet offerings such as the option of signing up for a four course meal next Saturday for $135 per person. That is too pricey for us, but it does reflect the fact that more CCRCs are catering to the rapidly growing number of affluent retirees.
I did my late mother's taxes and her Type A facility provided the information necessary to deduct both a percentage of her annual fees as a medical expense and a percentage of the CCRC's property taxes.
True, but there is clearly a difference between having to pass a physical evaluation and automatically being rejected because of pre-existing conditions regardless of one's current ability to live independently. The conditions I mentioned aren't deal-breakers at our Type B facility.
I know that in NY, Type A facilities are regulated by both the Dept of Health and the Dept of Financial Services that regulates insurance providers. As such, in order to meet actuarial standards, they are allowed to screen and reject applicants based on their health status in a manner similar to LTC insurance providers. Thus, people with certain chronic health conditions, such as MS, PD, and some forms of cancer can be rejected even if they are currently able to live independently. These restrictions and the rise in stand-alone assisted living facilities may limit the number of people in poor health who are admitted to Type A CCRCs.
Comments
The Gallup poll survey question is: Do you, personally, or jointly with a spouse, have any money invested in the stock market right now -- either in an individual stock, a stock mutual fund, or in a self-directed 401(k) or IRA?
Post: Market Turmoil by Dennis Friedman
Link to comment from April 8, 2025
The Fed's survey includes median wealth which, by definition, isn't skewed.
Post: I don’t feel comfortable being “wealthy”
Link to comment from April 1, 2025
Given that Kristine didn't criticize those of us who have children, I don't see why you felt the need to make your comment. Jonathan's emphasis on civil and respectful comments is one the best things about HD.
Post: Kristine Wonders: Does Not Having Children Change How You Plan For Retirement?
Link to comment from March 31, 2025
I am also a retired academic and like you, I didn't experience any pressure to retire. However, there was clearly a bias on the part of the administration against older candidates for tenure-track positions at the assistant professor level.
Post: Worried? Concerned? Confident? About the future of Social Security and Medicare
Link to comment from March 25, 2025
I think RDQ's comment was a tongue in cheek reference to his much debated previous articles and threads where he argued that everyone's goal should be to be work until they are able to replace 100% of their base pay before retirement.
Post: Worried? Concerned? Confident? About the future of Social Security and Medicare
Link to comment from March 25, 2025
I don't see any comments in this thread that indicate a desire to take away the freedom to work later in life. Instead, I think the tenor of the comments is that it would be great if we could incentivize workers to work longer that is tempered by skepticism that this will ever happen for a variety of reasons. The current financial incentives to work longer include both the ability to save more employment income for retirement and to be able to delay claiming SS--ideally until 70. Those two benefits are substantial which implies that any additional financial incentives would also need to be substantial in order to have a meaningful impact on when folks decide to retire.
Post: Worried? Concerned? Confident? About the future of Social Security and Medicare
Link to comment from March 25, 2025
The food in our CCRC is generally excellent. However, we are in an upscale facility in Westchester County which is just north of NYC. Meals are reasonably priced (entrees $15-$25) but there are also occasional gourmet offerings such as the option of signing up for a four course meal next Saturday for $135 per person. That is too pricey for us, but it does reflect the fact that more CCRCs are catering to the rapidly growing number of affluent retirees.
Post: When You Can’t Take Care of Yourself by Dennis Friedman
Link to comment from March 22, 2025
I did my late mother's taxes and her Type A facility provided the information necessary to deduct both a percentage of her annual fees as a medical expense and a percentage of the CCRC's property taxes.
Post: When You Can’t Take Care of Yourself by Dennis Friedman
Link to comment from March 22, 2025
True, but there is clearly a difference between having to pass a physical evaluation and automatically being rejected because of pre-existing conditions regardless of one's current ability to live independently. The conditions I mentioned aren't deal-breakers at our Type B facility.
Post: When You Can’t Take Care of Yourself by Dennis Friedman
Link to comment from March 21, 2025
I know that in NY, Type A facilities are regulated by both the Dept of Health and the Dept of Financial Services that regulates insurance providers. As such, in order to meet actuarial standards, they are allowed to screen and reject applicants based on their health status in a manner similar to LTC insurance providers. Thus, people with certain chronic health conditions, such as MS, PD, and some forms of cancer can be rejected even if they are currently able to live independently. These restrictions and the rise in stand-alone assisted living facilities may limit the number of people in poor health who are admitted to Type A CCRCs.
Post: When You Can’t Take Care of Yourself by Dennis Friedman
Link to comment from March 21, 2025