Tag Archives: retirement

For Health Aging, A Late Act in the Footlights – NYTimes.com

15 Aug

That’s why the Burbank Senior Artists Colony is remarkable. Opened in 2005, it is a mix of market-rate and low-income apartments. The building looks like an upscale hotel but is built for the arts, with studios, a video editing room, a theater and classrooms.

Residents may arrive with no previous artistic experience or skill as an artist — but artists they become. The theater group that Sally Connors participates in is working with a troupe in London, via Skype, to write and perform a soap opera. Walter Hurlburt shows his oil paintings — for sale — at the colony’s periodic art exhibitions. Residents work with students from a nearby alternative high school to do improv theater, make claymation films and art from recycled items. Suzanne Knode wrote a short movie, “Bandida,” about an elderly woman who takes the bus to rob a convenience store. Then the residents filmed it — and Ira Glass’s “This American Life” television show filmed them — and submitted the film to the Sundance Film Festival. “A pistol, a plan, and sensible shoes,” says the poster.

There’s a video at the link.

via For Health Aging, A Late Act in the Footlights – NYTimes.com.

My Faith-Based Retirement – NYTimes.com

28 Apr

Looks like the baby boomers are busted in retirement. Resilience is shot.

… According to the Employee Benefit Research Institute, for instance, only 22 percent of workers 55 or older have more than $250,000 put away for retirement. Stunningly, 60 percent of workers in that same age bracket have less than $100,000 in a retirement account. Ghilarducci told me that the average savings for someone near retirement in America right now is $100,000. Even buttressed by Social Security, that’s not going to last very long.

What, then, will people do when they retire? I asked Ghilarducci. “Their retirement plan is faith based,” she replied. “They have faith that it will somehow work out.”

I laughed, but it’s not funny. “The 401(k),” she concluded, “is a failed experiment. It is time to rethink it.”

via My Faith-Based Retirement – NYTimes.com.