Labor Force Projections to 2018:
Older Workers Staying More Active

Mitra Toossi

This excerpt is from an article published in the November 2009 issue of the "Monthly Labor Review."

Abstract:  As the baby-boom generation ages, the share of workers in the 55-and-older age group will increase dramatically; the participation rates of older workers in the labor force are expected to increase but remain significantly lower than those for the prime age group. As a result, the participation rate and overall labor force gowth rate will decline.

Tips for Seniors in Preparing their Taxes

Courtesy of IRS.gov

The following article is for information only and should not be construed as tax advice. Please consult your tax preparer.

Current research indicates that individuals are likely to make errors when preparing their tax returns. The following tips were developed to help you avoid some of the common errors dealing with the standard deduction for seniors, the taxable amount of Social Security benefits and the Credit for the Elderly and Disabled. In addition, you'll find links below to helpful publications as well as information on how to obtain free tax assistance.

Newsbytes

According to a CNN report, workers who are under contract for a union-negotiated, taxpayer-funded government pension might not see all of that money when they retire. Some cities are on the verge of bankruptcy and can't make payments. In California, the two biggest pension systems are $165 billion in debt, thanks to the so-called "100K Club," a group of more than 8,000 retired government workers who each receive at least $1,000,000 in pension annually...

Keep an Eye on Your Eyes:

Iritis v. Blepharitis - Which is It and What Should You Do?

by Amy Wilschke

Recently, a woman — we'll call her "Ms. L." — called me up to subscribe to the paper, and while she had my attention, she told me that she had been undergoing treatment for an eye condition and that our readers might be interested in hearing her story.

Ms. L. had been diagnosed with iritis and her doctor put her on steroids to treat the condition, which were not working and causing her to waste money and time on her treatment. However, her doctor insisted that she had iritis and there wasn't any other explanation for the symptoms she was having.