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Seniors Going Back To Work to Salvage Their Retirement Nest Eggs, Says AMAC

WASHINGTON, DC, Oct 25 – Seniors who went back to work after retirement used to do it to keep busy, but the Obama Recession and the uncertainties of the Affordable Care Act have made it an economic necessity for more and more older Americans, according to Dan Weber, president of the Association of Mature American Citizens.

“Two recent Gallup surveys show that there are more post-retirement job seekers out there than ever before, mainly because they’ve lost confidence in the economy.  The historically destructive recession that started as the president took office and his inability to speed up the recovery have seniors scrambling for ways to salvage what’s left of their retirement.  Bear in mind that while the net worth of all Americans has declined sharply during this period, seniors have been hardest hit.”

In one study released a few days ago, Gallup concluded that “Americans’ biggest financial concern is funding their retirement, with 61% worried about having enough money for that. This worry has been exacerbated by the recession’s aftermath, which has perhaps caused more seniors and baby boomers near retirement age to remain in the workforce and postpone retirement until they have replenished their nest eggs.”

Gallup also reported that confidence in the U.S. economy is hovering at lowest levels in five years and that its Standard of Living Index is down to discouraging levels, Weber noted.

The debut of Obamacare, he said, has been an unmitigated disaster and that while there may be fixes for the innumerable so-called glitches in its technological architecture, more substantial troubles may lie ahead.

“News coverage has put a spotlight on the fundamental flaws of the law.  For example, people are finding out that their health insurance premiums are increasing faster and higher than anticipated.  They are also discovering that deductibles are going to be super high.  But, most important, the law is already having a negative impact on the job market—with employers opting for part time workers to avoid staggering new health insurance costs.”

Weber cited yesterday’s New York Times, one of the most liberal newspapers in the nation, which headlined its front page coverage with this banner: Health Care Law Fails to Lower Prices for Rural Areas.  The story noted that: “As technical failures bedevil the rollout of President Obama’s health care law, evidence is emerging that one of the program’s loftiest goals — to encourage competition among insurers in an effort to keep costs low — is falling short for many rural Americans.”  It went on to note: “rural areas and small towns have far fewer carriers offering plans in the law’s online exchanges. Those places, many of them poor, are being asked to choose from some of the highest-priced plans in the 34 states where the federal government is running the health insurance marketplaces.”

Read more articles by Daniel C. Weber

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99 Comments on "Seniors Going Back To Work to Salvage Their Retirement Nest Eggs, Says AMAC"

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Lucy Mauterer
2 years 8 months ago

The big terror for Seniors is the ACA. Yes, we are still having to work in our later years. No one fully expected that. Many of us planned for retirement hoping we would not be a burden to our loved ones. However, the economy due to the current regime’s fiscal practices, has not only not recovered, it has begun to slide backwards again. Seniors need to band together and support one another in this uncertain time. Everything we can do to help one another make each dollar stretch a little farther or to make a little more money each month is something.

Joe
2 years 8 months ago

I worked in manufacturing until I was 70. (2008) I was terminated as the company went in another direction. Was off work two years, Wife passed away and I found a need to go back to work. I was fortunate to find a part time job that turned into full time. (2011) Social Security wasn’t cutting it. I had no other income. I just turned 75 (2013) and don’t know how long I will be able to work. I am in good health, thanks be to God. I will continue for as long as I can.

Michael J. Clark
2 years 8 months ago

Will some out there, please tell me why the RINOS are still helping and covering up for worst and dumbest pres. in the history of this great republic of WE THE PEOPLE…………….IMPEACHMENT is in order………

the seniors all must put a stop to all the fraud in d.c. period……………..before it is to LATE………………..mjc

peter ferretti
2 years 8 months ago

Never vote for an INCUMBENT and IMPEACH, IMPEACH, IMPEACH !!!

peter ferretti
2 years 8 months ago

Please don’t vote for any incumbents! Repubs. could have solved most of our present and future problems by Impeaching Obama 3 years ago. Also, could get Mexico to try OBAMA at the Hague for illegal gun running into their Country. Germany, France , and Spain should drop all diplomatic and trade contact with the US until we have a new Pres.

MaryEtta
2 years 8 months ago

I am 61 years old, and was forced into early retirement because I was forced out of my nursing job because of my health and could no longer do bedside care. I applied for hundreds of jobs on at least 20 web-sites for head hunters. I went to interviews and tried for 2 years to get a desk job. No one will hire me at aged 61 with over 25 years of experience at the bedside and department director level. Many of my colleagues that are 60 or older are being replaced with “candidates the are a better fit to the job position.” Translation, 20 year olds with no experience who will be cheap patient care but not experienced to give quality care. God help us all.

silver rabbit
2 years 9 months ago
Just a suggestion for those looking for other ways to invest their funds and receive a reasonable interest rate. If you know of well established, financially sound, small business in your area you might consider talking with them and negotiating a loan to one or more of them in lieu of their standard business lines of credit with the banks. My husband and I do this with a firm in our area. We charge them a small setup fee and 6% annually on the balance. The payment plan is structured for the benefit of all and the loan pays off and can renew every year. As small business owners ourselves we have become aware of the fact that the banks are taking longer & longer to either grant or renew business lines of credit for small businesses, and their fees are becoming rediculous. These LOCs provide the cash flow for… Read more »
PaulE
2 years 9 months ago

Very good suggestion in our current economic environment silver rabbit. The most important aspect of your message is that people have to be willing to think outside the usual confines of simply relying on savings accounts or CDs from banks to generate decent interest rates. They also have to be willing to accept a small degree of risk (there really is no such thing as risk free anymore anyway), but if as you say they are very careful screen prospective business owners, this is certainly a very viable option.

Fred
2 years 9 months ago
Where the hell was I when they passed Medicare! It is as big a crock as Obamacare.I pay over $6000.00 a year for Medicare + Supplement and my wife’s BC/BS and she has a high deductible on that.I presently have a hernia and after much research I have found several surgeons that I wish to due the repair.However they do not accept Medicare and Medicare does not reimburse unless you go to one of their doctors.I will have to pay the total cost of the surgery myself which I really can’t afford.I was happy with my BC/BS but when I reached age 65 the government made me go on Medicare,this is wrong.The government should not be in the healthcare business(or any business in the public sector field). We are all going to be broke and that is the aim of the liberals,they want everyone living in large cities and dependent… Read more »
Alfred L. Kreps
2 years 9 months ago
I will be 81 next week. Both the wife and I are still working. I am in the 62nd year of the same career having began at the age of 19. We have been most blessed with reasonable success and the ability to develop a reasonable net worth. However, as one person stated, we work but the government taketh away. We are on Medicare but still pay over $25,250.16.00 for our health . In addition our financial success is respected by having our government take $463.02 per month from our social security check. Then, because the results of working hard, saving and investing, we pay on 85% of our gross social security check at our ordinary income tax rate. We paid income taxes on the funds contributed to FICA and FUTA, began paying FICA at the age of 12, received nothing on those funds from good old Uncle Sam, now… Read more »
Charles Allman
2 years 9 months ago

Why has there not been an outcry against the Fed’s money policy wherein they pump billions of dollars into the economy each month and thereby depress the interest rates for savings while also devaluing the currency? This policy
effectively targets senior citizens who have responsibly saved for retirement and who now are having those savings eroded by devaluation and by interest earnings of less than 1% on CDs and other “safe” investments. Meanwhile, the actual inflation rate is being grossly under-reported. I am certain that the 1.5% SS increase feted for 2014 will not begin to cover the rising costs of nearly everything else.

wayno12
2 years 9 months ago

Obama, Reid, and the socialists (‘democrat’s’) LOVE this.
While they suck in huge incomes, they want the rest of the country;
DUMB (ala the ‘school’ system)
POOR
SO POOR you have to work your entire life
SICK – so sick you can’t vote against them
Dead – so they can vote FOR you – like Cook County and Chicago!

Mike Murray
2 years 9 months ago
It amazes me how “out of touch” they are. I got gas in downtown Baltimore yesterday and I first had a lady with tears approach me for money telling me “she hasn’t used in a month and her daughter needs food.” She offered to give me her wedding band when I gave her five dollars. I told her to “just go take care of you daughter” and she left. The sad memory has been stuck in my head ever since. Started pumping gas and two other guys approached me panhandling (at first) and left me alone after learning I had helped the lady out that worked at the CITGO station at 1PM- broad daylight. You can’t even stop for gas as a working American without being surrounded by those that have become accustomed to living on charity. The State Department puts out warnings about visiting Mexican border towns and so… Read more »
David Sole
6 months 27 days ago

Mike, sorry, but I think you fell for a well-known scam. The scammers hang around gas stations and ask for money for gas to get home. I fell for it once myself. Be safe.

Stugee1
2 years 9 months ago

One of the best arguments for concealed carry I’ve heard in a while. When you have only seconds, the police will arrive in minutes.

Richard Marier .
2 years 9 months ago

Wish I could go back to work. Cant because of poor Health. Thanks

Arthur
2 years 9 months ago

The “Robber Barons”, otherwise known as the “Banksters” are alive, well, and continue to thrive as they did 2000 years ago when they were thrown out of the temple. I believe they were called the “money changers” and we were warned of them then by a well known individual. Those who fail to learn from history…………………..

rawheadrex
2 years 9 months ago

Where can we get some straight talk on how to make some decent return on what we have in the bank? We took a huge shot when the bubble burst in 2008, but we have recovered with a huge blessing from God. We do not like the gold and silver enticements we hear daily and we do not understand stocks sufficiently to feel comfortable in that environment, but our CU interest rates are pathetic and we do not feel comfortable with our funds there considering what this administration may do as regards seizing our assets.
Any suggestions?

PaulE
2 years 9 months ago
For the average retiree, keeping all your money in the bank is of course not going to generate any decent return as long as the Federal Reserve continues to hold interest rates at effectively zero. Not to mention that the Fed by printing all this extra money is devaluing the current value of dollars already out there. That policy isn’t likely to change until at least March or June of 2014 under Janet Yellen, as she is even more dovish than Ben Bernanke. Even then, it will be several more years before interest rates on savings return to anything approaching what we were used to before 2009. So keeping all your money in a low interest bank account isn’t going to generate the kind of returns you need to fund a decent standard of living. Eventually, the Federal Reserve will announce the start of tappering, the easing back of the… Read more »
Paul
2 years 9 months ago
I am 55 years old and working (thank God!). I know I will need to work for quite some time yet as I am not able to retire anytime in the near future. For those of you going back to work because of economic necessity, may you be blessed with a job that is good for you in some meaningful way. If any of us “older folks” out there in the work force can ever help one another find work, please go out of your way to do so – because generally the hiring “deck is stacked against us” older folks. So why is there is a “stacked deck?” A primary reason many companies do not want to hire older employees is because they place a very high value on short term profit. Very simply corporations reward their executives for short term profitability. As such, companies will not generally want… Read more »
Rick B.
2 years 9 months ago

I once read a book, The Peter Principle, many years ago — probably not long after it was published. It explained that people are promoted in an organization or profession until they finally reach a position where they are no longer competent, and that is where they remain. Barrack Hussein Obama: Community Organizer; Illinois Senator; U.S. Senator; President of the United States.

You be the judge.

Kevin Seitz
2 years 9 months ago

It’s the plan from the occupants of the Obama Mosque ( formerly known as the White House) to not only completely wreck the nation and the economy, but to kill off all of us who are receiving Social Security benefits (except for the able-bodied freeloaders who faked issues to get undeserved benefits) by forcing us to return to work at jobs that many are not physically able to perform, but must try in hopes of being able to buy food.
But, since the political hacks chose to swindle the Trust Fund’s assets to finance vote-buying programs for the able-bodied freeloaders, Social Security benefits are reduced for those who legitimately qualify, putting many, like myself, into a precarious financial position, so those political hacks can continue to buy the freeloader’s votes to keep from having to get honest jobs themselves.

Mandy
2 years 9 months ago
I read recently that the economic plan is to strip the retiree generation now of their wealth to keep the country functioning. The shift of $716 billion from Medicare to ObamaCare means that retirees will be paying higher healthcare costs due to smaller Medicare reimbursements to doctors. Retirees will be paying larger amounts and higher premiums the rest of their lives. But the worst of what we are paying for now and for the past years is the extremely low to almost non-existent interest rate. This is unbelievable way of stripping away our savings. How ever heard of zero interest rates and near zero. Something wrong for the Fed and our government to expect us to also pay for the mortgage fraud which is what is happening. They are allowing the banks to recoup the bad loans the government forced them to provide and we, the savers are taking the… Read more »
Michael Santarella
2 years 9 months ago

Could somebody tell me that if we are 17 Trillion in debt, why are we giving Billions to oil rich muslims countries that fund obama and his crew?

Pattie
2 years 9 months ago

The last few years I had been working one day every other week for a CPA firm just to get out of the house and for a bit more money. Now, I’m 85 years old and working 3 days each week because I have to work to survive. I come home so tired that I think that I will surely die during the night. I own my own home, so repairs do come up like replacing and rerouting 60 feet of sewer line, replacing old electrical wiring, etc., etc. I always believed that in my old age, I would sit in a rocking knitting for my grandchildren and great grandchildren. What a joke!

Texas Granny
2 years 9 months ago

PRAY, Yes, even for our leaders in office with whom we disagree.

Richard
2 years 9 months ago
Another tragedy not mentioned often is the artificial tax rate to boost economy by the Obama administration! I am sure that there are many smart seniors who have toiled and saved so that the interest on the savings can provide additional income in their senior (retirement) years. If you had saved $500,000 in a savings account, at 4% interest rate, you could fetch about $1,600 a month in additional income WITHOUT touching the principle amount! At current rate, its only about $12 or so!!!! That was the case with me and I decided to purchase (LA Area) a condo with that money and now renting it for $2,700 a month. I realize that not many will have that kind of money and tragedy is that the artificially lower interest rate is having a devastating impact on interest income, even if they have lesser but substantial amount of savings. I think… Read more »
bill
2 years 9 months ago

The occupant of the Whitehouse should be be referred to as ‘Comrade B HO’ his position is LSoSiC (Lying Sack of S— in Charge?) I figured I’d probably retire @ 70, but that is looking doubtful now.

R Sommers
2 years 9 months ago

obama is doing his best! (to turn the US into a third world muslim country) After all, if you were an incompetent half-breed son-of -a-socialist-slut you’d have a hard time too.

Gary Mickel
2 years 9 months ago

If we go back to a fair tax it eliminates a lot of the problems that I see here as there will be nothing to mooch for or schmooze for by the liberal/socialists in our government. We also need to repeal Obamacare the anything but affordable care act as it takes what belongs to the working citizens that paid their taxes for social security away from illegal immigrants which is who Obama is handing this money to in food, wages in a benefit that was social security, plus giving them free healthcare which none of them worked for or deserve in any way just come to the USA and we will take care of you completely and you never have to work a day in your life to get it.

Alice
2 years 9 months ago

“Oh, for a faith that will not shrink tho pressed by many a foe, that will not tremble on the brink of poverty or woe. A faith that shines more bright and clear when tempests rage with out, that when in darkness shows no fear, in danger feels no doubt.”

“Jesus…the way, the truth, and the life.”

“Even so Lord Jesus quickly come.” Amen.

Donna
2 years 9 months ago

As I read many comments here, I could become very discouraged. Alice you put all into perspective. I too trust in the Living God, Jesus Christ. He told us ” I’ve never seen the righteous forsaken or His seed begging for bread”. He said I will never leave you or forsake you and we can do All things through Christ who gives us strength. Our life here is going to get worse, but with God we will endure to the end. We are His children and are Not to fear because Perfect Love casts out All fear. We need to trust and obey for there is no other way. Our needs will be met each day. The joy comes in knowing Jesus and His love for us. We can share this Perfect Love with those that don’t yet know Him. Thanks again for reminding me.

W. Reed
2 years 9 months ago

My thoughts also Alice, and I try not to worry, but old flesh does think about this big mess

Jean
2 years 9 months ago

Your comment is a daily echo of my heart, Alice. The Lord richly bless you with His ever-present peace. He IS faithful!

Marion
2 years 9 months ago

Not getting any publicity is the fact that interest rates are so low. A great number of retirees plan on at least 5% to supplement their retirement. Consequently they are not able to do some things they were planning. This is all because this administration has the FED keeping interest rates low.

Pete from St Pete
2 years 9 months ago

When I started preparing income taxes 27 years ago I had many retired clients who were supplementing their social security and pensions with interest from CDs. It has been quite a few years since I had anyone who could earn enough interest to make a difference in their life.

Gary Mickel
2 years 9 months ago

Try 0% not even 5% it yields nothing for retired persons.

MaryAnn
2 years 9 months ago

Those low interest rates are a disaster for small businesses and local economies. Just about every penny seniors get from interest on savings goes into the local eoncomy…restaurants, museums, small businesses providing services, gifts for the grandkids, etc. A lot of baby boomers and older have saved for the future, and cutting back on that interest money which would all be spent is economic madness. Has anyone noticed that the unemployment situation got out of control when those inteest rates on savings went down? Add to that, Obama care (unless we succeed and get the mandate cancelled) is going to be even more money that responsible younger people can’t put aside for savings or spend in the local economy. It’s madness….doesn’t anyone study Economics 101 anymore?

John W. Atwood
2 years 9 months ago

Unfortunately the vertebra in my lower back are disintegrating and I can no longer stand for long periods of time which is mandatory for my profession (pharmacy). I am otherwise able to work mentally but the old body is failing. I am thankful that my nest egg will probably be sufficient but there will be nothing left to pass on to my grands ed fund.
“the spirit is willing, but the flesh is weak”.

Golf Honcho
2 years 9 months ago

Liberalism (aka most of our Federal Government policies and programs today) = Moochers electing Looters to steal from Producers.

john d. larry
2 years 9 months ago

BHO (our president ) is a Muslim! Since Muslims are anti
Western and view anyone that doesn’t believe their (so called Religion) is an unbeliever and deserves to die. This (to me) is not a Religion; for no Religion would allow this to happen (the killing of men.women, children for no reason. It is truly sad to watch our beloved country be vilified and undermined, when our country has been so giving to many other countries around the world. Let us always speak the truth and remember the good people that made our country great.

Joe S.
2 years 9 months ago

Obamacare is the President’s Waterloo, & many of his current supporters will feel the backlash too! For some reason, many Sr. women still vote democrat because they say their parents did as well. It’s deeper than that, but I digress, Obama is NOT a Christian & America is still a Christian right country, but barely. Many of his advisers are from the George Soros cult, the guy who had to leave his country after WW II because of how he collaborated with the Nazi’s, LOOK IT UP! Now Soros wants that lying liberal hag Hillary Clinton to manipulate & that w/b like Obama II.

Wake up America, use the ballot box to improve our country once & for all.

Michael Santarella
2 years 9 months ago

That will be hard to do. There are to many dead people voting and to many liberals voting more than once.

kris littlefield
2 years 9 months ago

That sure is the truth. It’s hard to reason with the dead….The Democrats of today are not my fathers Democrats nor anyone else’s. They are Communists or Socialists masquerading as Democrats.

twelvecats
2 years 9 months ago

Well said, Joe S.

John H.
2 years 9 months ago

Joe S., Will said.

Bob Floyd
2 years 9 months ago

I Amen that.

Elle
2 years 9 months ago

So do I!!

Lynn Mohr
2 years 9 months ago
My husband and I worked until we could retire. I retired early as did my husband. We both worked all our lives. It was something we were taught to do by our parents, who also did the same. We put “savings” away each and every week for our retirement! Not a gazillon dollars, but a nice sum of money for working people. We down sized our home, move to the country and started to really enjoy all the things we wanted to do.”Then ENTER Obama.” Still, we were in pretty good shape. But we began to worry about the direction he was pushing this (once) Great Country into. The country of “handouts, free almost everything an d not working” Why work when the “main man” will give us whatever we need, a cell phone, food stamps, lower mortgage rates, or free housing if we need that. WOW, why work, The… Read more »
Evelyn D
2 years 9 months ago

It is the “low information” people…those with their palms getting greased that will sink this great nation because they are the ones that will put the socialists “back” into office…just by out numbering us who feel that self reliance and accountability are the way to go. Everything that the President does “by executive order” is 180 degrees from the way we should be doing things. He will not rest until with George Soros’ help ($$$$$$) he sees our nation in bankruptsy….it has al been planned for years so why don’t the members of Congress approach the situation as it really is…begin impeachment proceedings immediately.

Leo LaBrie
2 years 9 months ago
I am 79 years old and what I see coming in the future, I hate to think I will have to go back to work, who would hire me at my age and the disabilities that I have, impossible. I tried to get a home paid job but after investigating one I learned it will cost me money to make money at home. Obama sure put the screws to the good USA. I have found it impossible to save any money today. I don’t own a car, I don’t own a house, I don’t own any property, I don’t have any insurance, I don’t have any money in the bank, not even any savings for a proper burial or to leave my family. I should be an illegal alien or be in jail where I can get medical care, a place to sleep, food, TV, goof off time and whatever… Read more »
Debbie Degnan
2 years 9 months ago

Leo, I am so sorry that it has come to this for you. I pray that you have everything you need, and that you want for nothing.

Leo LaBrie
2 years 9 months ago

Thank you Debbie, you are very kind. God Bless

John
2 years 9 months ago
My mother who is 74, works full time in medical billing for a group of doctors. She has been doing this for at least 20 years now. I am very thankful she has maintained her health and high level of work. She has a reasonable salary. Goes in at 6:30 am is home by 3PM. All at the same time getting my dad to kidney dialysis who is 76. He continues to maintain a small client list from his insurance business. The work has kept them mentally sharp and I believe a positive for there health and financial well being. My dad has wanted my mom to retire for a few years now but she will have none of that. She works with younger people which keeps her vital. But as many of you have mentioned she does not understand the work ethic and entitlement the new generation’s have. It… Read more »
Ron Breen
2 years 9 months ago

I took early SS. Went back to work at 65 full time. Forgot about that cap on income thing and owed over $7,000 back to SS at the end of the year. Repaying over 36 months through monthly SS deduction from my benefit payment. Whack, whack, whack. The Lord giveth and the government taketh away. We need to eliminate the progressives in all seats of government and get conservative folks elected who have a heart for the people and limited government intrusion.

Travelassie
2 years 9 months ago

Hopefully you’re at least 66 now and have reached your full retirement age. Once you’ve gotten there there is no more “working” penalty, so you can make as much as you want to and it shouldn’t affect your social security.

Sue J
2 years 9 months ago

If you are able to reach your full retirement age of 66 with the thought that you can earn as much as you want
to (or are still able to) and it shouldn’t affect your Social Security benefit— all I can say is Watch Out!
As sure as the American economy has tanked and is barely crawling since the Obama presidency was voted into control in DC—That sounds like a perfect target for the next new source of revenue that they could dig up—particularly because they have already spent your paid-in Medicare money on other things and the SS is your money! The boomers may as well become the next target to pay them back for their fiscal indiscretions—Yes that can always change–nothing is safe or sacred any more!

Kathleen Apgar
2 years 9 months ago

I kept saying from dat 3, Obama was out to destroy this country and turn it into a third world nation, he being the dictator. While even the folks on Fox News kept saying he was in over his head, I said he knew exactly what he was doing. Or he was and is carrying out orders from Geo. Soros to the “t”. We have to educate the young about this man and guickly! We also need to remove establishment Republicans from office, they are doing us in!

SteveD
2 years 9 months ago

Thanks for expending the effort into the universe to do what we can to educate many regarding what our malevolent president intends.

Katherine
2 years 9 months ago
Let us choose to be a part of the solution, and not remain a part of the problem. It is “a given,” that there will always be problems going on around us, and it is “a given,” that those problems will affect us, in one way or another. For myself and others, who call themselves conservatives, it seems a bad choice, to continue rehearsing the negative. For those who have been associated with a 12 step program, in any way, during our life time, we will remember that one of those 12 steps says this, ” If we keep doing the same old thing, over and over again, expecting to get different results, it is insanity.” Our words need to be thoughtful and creative, as we address our personal and national problems. Our actions should cause others “to take note.” We should want to encourage others to listen to us… Read more »
BobbyD
2 years 9 months ago
Five years ago when BHO and his democrat majorities lied about the impact that ACA would have on the American people- their health care costs and services; then closed the Republicans out of the discussion and rammed the vote and the law down the throats of the American people… I was 99% certain that those political decisions would come back to haunt them. I just never dreamed, back then, that BHO’s administration could mess- up the rollout so badly. They were so focused on punishing republicans they forgot that there is always great value in having the opposition’s input represented in the final version of a bill, and certainly in one as large as ACA to minimize opposition and assure support and success. If not for those reasons you need bipartisan support for political cover should things go badly. All I have to say is you democrats planted this crap… Read more »
Walt L.
2 years 9 months ago

As a Retiree Back @ Work I observe the “Now” Generation and see why we are in this fix.
So many still believe That which they have been taught in our liberal education system.
Many of us worked while in High School to help out at home and served our country after
graduation. “What a difference a generation makes” Pray Earnestly For Divine Change !!!

John Jasper
2 years 9 months ago

I’m 80 and have never had want for a job. Sales has been my life’s “work”. Having owned four different company’s At 80 I have begun a new sales “job”, with a company that is of interest to me. I now help people with prepaid funeral costs. Very satisfing . And I get to meet lots of people.

Roger Pettiford
2 years 9 months ago

I appreciated reading your note. I, too amd 80, still working. Some years ago, my wife and I purchased a preneed cremation plan. I’ve often thought I might enjoy helpiong folks in that way. Can yuou point me in the right direction? (Las Vegas, Nv.) Thanks in advance.

Roger Pettiford

stephen russell
2 years 9 months ago

Plan to retire in 2018.

Have plans to move to Kona HI with co worker buddy & retire there.
Have IRA & 401K.

May do PT work there.

Only food & gasoline may be expensive on Islands, save local foods, otherwise environment is not as harsh IE AC in winter, heat, snow etc etc

Hey AMAC do a story on retirees in Hawaii alone since statehood.

Faith Bierbaum
2 years 9 months ago

I’m almost 71 years old with diabetes and a couple other medical problems. However, I’m a paid caregiver for the “elderly”. Some of my clients are younger than I. I can’t see the end when I can stop working. It takes everything I earn, and my Social Security to stay even with expenses. Now my medicines are costing more, my co-pays are costing more, and my monthly premium for my Medicare insurance costs more. I just can’t work any more hours to cover these extra expenses due to my health. I didn’t vote for the dictator, and am so disappointed in those who did. What were they thinking?

Joan
2 years 9 months ago

Amen.. My hubby is 78 and is still working.. I am 74 and work from home. We will never be able to fully retire.. WE both have paid into SS all our working lives and will never reap the reward.. It was stolen from us.. I am all for helping out destitute, but, when they are younger and healthier than we are, and refuse to work, “We have a problem, Houston……”

PaulE
2 years 9 months ago
Here are some of the reasons why seniors are forced to re-enter the labor force. That is if they can actually find a job as they compete against the wave of freshly minted college graduates, many of whom are also desperately looking for work in a shrinking jobs market. 1) The Federal Reserve has pushed interest rates to effectively zero to try and compensate for the ruinous economic policies coming out of the Obama administration. This has destroyed the ability of senior to generate sufficient interest on their savings to supplement whatever pension or Social Security they receive. This policy by the Fed is NOT expected to change anytime soon, as Janet Yellen is even more dovish than Ben Bernanke. 2) Rather that institute pro-growth economic policies like JFK, Reagan or even Clinton, Obama has intentionally pursued economic policies that are anti-business, anti-job and designed to re-make the country’s economic… Read more »
Phil
2 years 9 months ago

Well stated , sir. I am in 100% agreement.
Another thing we can do is become active at the grass roots to attend school board meetings and get elected to school boards so the lesson plans and text books are not so radical-left wing.
Also, show up at town meetings and speak calmly and factually about some of the real issues facing the local scene, while bringing a laser beam of focus on a particular wacky , costly project that needs controlled or eliminated….

Wild Bill
2 years 9 months ago

I am 72 years old, hold a Masters Degree in engineering. I retired at 60 from a major manufacturing company, but have worked off and on as other companies find out my special skills both in America and foreign countries. In the last five years, I’ve had NO job offers in America, but have had very lucrative offers in Mexico and Europe. I’ve had to turn those down because I cannot take those long hours aboard aircrafts and waits in terminals.

Huffer
2 years 9 months ago
I, too, am over 70 but I do not have a sad story to tell other then, I’ve spent many hours searching for historical answers to the mess in American government and the social implications it brings and that saddens me. Looking through many conspiracy reports, I’m finding cross references that fit today’s problems. One of these plots can be listened to right here: http://youtu.be/zxSTT5ipcAQ (copy and Google it) As you listen to this, think back to the events mentioned and see if you can fit the actions with these accusations. Many of my family members were involved, unknowingly, with certain undercover groups. Some learned of the direction they were taking (under pretenses) and quit because they saw the Satanic influence. This recording was made many years ago but only recently made available again, this is why some persons named are no longer living. You should find it very enlightening.… Read more »
Phil
2 years 9 months ago

I went back to work (age 65), but had to drop out again, because I was in danger of earning too much, thereby damaging next year’s Social Security. I’d gladly do without it if I could know that my health would allow me to keep working, but I dare not risk it. That detail of the system is also broken!

Let us work without limit — our additional income taxes and social security taxes will help the system. Penalizing seniors for working is another STUPID government malfunction.

Jacqueline Doty
2 years 9 months ago

Seniors have regularly flocked to vote for the liberal who they believe will “take good care of them”.
Welcome to reality folks. You are now “it” on the biggest hit list ever. Bye bye.

Fred
2 years 9 months ago

Agree 100%1

Bob Roller
2 years 9 months ago

Jacqueline Doty,
Another group of Americans sacrificed by our “Glorious”misleaders.
Liberalism is the curse of American life today and so many prefer to
live as Subjects in a Dependency rather than to be CITIZENS in a
Republic. The “Gimme society”has finally triumphed.

Kathy
2 years 9 months ago

Correction ” Cant get a job here” in previous post

Kathy
2 years 9 months ago

North West Arkansas is so prejudiced against anyone over 50, you can even get a job here if your over 50 even with a college degree. I have heard from lots and lots of people over 50 who job hunt here and its disgusting the prejudice against that age group. Seems like people over 50 are just supposed to fade away and not been seen, thing is all the people who are not 50 now will be one day !

Charlie
2 years 9 months ago
The Republicans have run pitiful campaigns. I return the letter below in their postage paid envelopes to help wake them up: To campaign leaders and candidates: October 21, 2013 In the last several national elections I have given money to many Republican conservative causes and campaigns, including yours. I, and many of my friends have been very disappointed with the national Republican leadership, campaigns, and candidates put forth, and felt that our money was wasted. After losing the last 2 presidential elections to an inexperienced leader, Republicans need to change! I am returning this letter in your contribution envelope to inform you that I have decided to not contribute any more funds until I see some changes that will help us win in the future, including: Remove John Boehner as House speaker. He has had his chance. I cannot believe he is resisting further inquiry into the Bengazi scandal. If… Read more »
Judi Button
2 years 9 months ago

We, the older generation, know the old saying, “If it sounds to good to be true, then it isn”t”. The takers and the younger generation have grown up believing that they are entitled to everything they want without having to expend any energy. They believe that if they are breathing thy are entitled. This is how this man got elected. I just read a report that the number on public assistance not outnumbers those in the workforce so now the scale has tipped. I get less optomistic every day that we can right this sinking ship. .Those who elected this man are getting or going to get just what they deserve, unfortunately the rest of us are going to have to suffer along with them.

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