Showing posts with label senior citizens. Show all posts
Showing posts with label senior citizens. Show all posts

UPDATE: Police Say Missing 86-Year-Old Man Found Safe

The Indianapolis police located an 86-year-old man who had been reported as missing from the near north side on Wednesday.

The IMPD reports that Willie Griffin was found safe on Wednesday evening. He had been last spotted earlier that same day, Wednesday, April 9, in the 1600 block of Capitol Avenue.

What sets Amber Alerts apart from Silver Alerts?

Certain criteria must be met regarding a person's disappearance before the police can officially classify it as such. Amber Alert or a Silver Alert .

Amber Alerts are issued when children younger than 18 are thought to be kidnapped and at risk. Law enforcement must possess details regarding both a potential perpetrator and their vehicle before activating such an alert.

Silver Alerts pertain to missing and at-risk adults or children. These alerts occur far more frequently regarding missing individuals. The criteria for initiating Silver Alerts weren’t extended to cover children until just last year.

In both cases, these warnings should be provided by law enforcement.

金融資産8100万円で「労働をいつやめても問題ない」66歳男性が現役時代にお金 を使えばよかったと思う理由

相次ぐ物価上昇で「もはや老後資金は2000万円では済まないのでは」と、不安が増す昨今。ただ、「現役時代にもっと貯蓄すべきだった」と嘆く人がいる一方で、「元気なうちにお金を使うべきだった」と悔やむ人がいるのも事実です。

実際、年金生活でどれくらいお金が必要なのか。いくら貯蓄があれば安心して老後を迎えられるのか。All Aboutが実施したアンケート調査から、広島県在住66歳男性のケースをご紹介します。

回答者プロフィール

回答者本人:66歳男性

同居家族構成:本人のみ

居住地:広島県

リタイア前の職業:不明

リタイア前の年収:450万円

現在の金融資産:預貯金8000万円、リスク資産100万円

これまでの年金加入期間:国民年金40年、厚生年金(加入期間不明)

現在の収支(月額)

老齢年金(国民年金・厚生年金):14万9200円

障害基礎年金や障害厚生年金(障害年金):なし

遺族基礎年金や遺族厚生年金(遺族年金):なし

その他(企業年金や個人年金保険など):なし

年金以外の収入:給与収入5万円(荷物配送の仕事を週3回程度)

ひと月の支出:約10万円

「金銭面には余裕がある」

現在、およそ預貯金8000万円、リスク資産100万円を保有しているという投稿者。

自身の老後資金について貯めすぎと感じているか、それとも足りないと感じているか、との質問には「現役時代にもっと使っておけばよかった・正直貯めすぎた」と回答。

その理由として「健康状態に問題がないため。今のところ大きな病にかかった経験がなく、持病もない。戸建てを購入してローンも支払いきっており、現在1人暮らしなので、出費も限られている。金銭面には余裕がある」と語ります。

「老後資金は5000万円程度でもいいのでは」

現役時代は、老後資金として「6000万円」貯めることを目標にしていたそう。

「病気や事故など、何かトラブルがあった場合に、とりあえず備えておいた方がいいと思っていた金額」だと言い、「できるだけ自炊」をして食費を抑えた他、「酒やタバコなどの嗜好品には昔から手を出さなかった」ことで、目標金額の達成に至ったようです。

しかし実際に年金生活を迎えた今、老後資金は「5000万円」程度でもいいのでは、と感じているという投稿者。

「もっと、自分の趣味や娯楽を見つけるためにも、若い頃から、もう少しいろいろと旅行をしたり、バイクやカメラなど興味を持ったものに金銭を費やしたりしていれば、現在もう少し人とのコミュニティを持てたのではないか」と、心残りがある様子でした。

「金銭を使ってでも、若い頃にいろいろな経験を積んでおくべき」

とはいえ、今の生活の満足度については「満足している」とのこと。

「今現在、自分が生活している中で、特に金銭的には不自由はしていない。アルバイト等の労働をいつやめても、今の年金受給額なら、1人暮らしには特に問題もない」と言います。

老後資金に不安を抱えている現役世代には、「自分が興味を持った物事には、金銭を使ってでも、若い頃にいろいろな経験を積んでおくべき」とアドバイス。ただ、「過度な金銭の出費は、後々生活を苦しめるので、できる時に少しでも副業などをして、貯蓄をしておけばいいと思う」とも補足されていました。

ーーーーーーーーーーーーーーーー

※本文カッコ内の回答者コメントは原文に準拠しています

※エピソードは投稿者の当時のものです。現在とはサービスや金額などの情報が異なることがございます

※投稿エピソードのため、内容の正確性を保証するものではございません

Scientists Unveil the Brain’s 3 Aging "Waves" Starting Long Before 60

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Regardless of whether you reach 60, 70, or even 80 years old, each person begins to feel 'aged' at distinct moments in their life.

However, our brains experience three specific ‘aging peaks’ during our lifetimes, as revealed by a recent study.

Experts have found that the levels of 13 proteins associated with brain aging increase significantly at ages 57, 70, and 78.

This suggests that these specific age ranges may be critical points where interventions could aid in maintaining brain health for an extended period, according to them.

The group examined the levels of approximately 3,000 proteins in the blood plasma of almost 5,000 Britons ranging from 45 to 82 years old.

The analysis showed that 13 proteins closely associated with brain aging peak at ages 57, 70, and 78 years.

In particular, one protein known as Brevican (BCAN) is linked to the beginning of dementia, stroke, and motor problems.

A different protein known as GDF15 has likewise been associated with age-related disorders.

The researchers indicated that the spikes observed in these 13 proteins could signify alterations in human brain health at those particular age points.

These might be crucial moments to think about intervening in the brain aging process, they noted, which could aid in postponing the emergence of conditions like dementia.

The study was headed by a group from the First Affiliated Hospital of Zhengzhou University in China.

In the journal Nature Aging, they cautioned that by 2050, it is projected that the global population aged 65 and over will surpass 1.5 billion—underscoring the necessity for a more comprehensive grasp of the aging phenomenon.

In the UK alone, almost one million individuals are affected by this condition, and the figures are increasing. It continues to be our leading cause of death.

"We discovered that the latter part of the fifties may be a possible starting point for brain aging," they stated.

Furthermore, our research indicated that the seventieth and late-seventieth years of life represent crucial stages in the process of brain aging.

These discoveries help fill critical gaps in our understanding of the molecular processes involved in brain aging, which could have significant impacts on the future creation of... markers for brain aging and tailored treatment targets for various age-related neurological conditions.

The finding arrives merely months following independent research that similarly identified specific decades when the human body experiences the most significant aging—thus debunking the notion that the process happens steadily over time.

In September, researchers from Stanford University found that age-related changes such as decreased metabolic rate, wrinkles appearing in the skin, and heightened susceptibility to illnesses peak significantly around ages 44 and 60.

These alterations may result in weight gain or increased sensitivity when consuming alcohol.

Professor Dr. Michael Snyder, who specializes in genetics at Stanford University and is also the lead researcher for this particular study, commented, "Many people think everyone ages progressively over time. However, what we found was that most changes do not occur steadily."

To counteract the effects of these significant demographic shifts, the researchers recommend that individuals nearing the ages of 44 and 60 increase their physical activity and embrace a better nutritional regimen.

The group examined information gathered multiple times from blood and stool samples as well as oral, skin, and nasal swabs taken from 108 individuals aged 25 to 75 in good health across California during an average timeframe of 1.7 years.

In their examination, researchers found that during the process, 81 percent of the detected molecules such as proteins and RNA underwent alterations across at least one phase.

The team finally determined that substantial dysregulation happens during two primary stages — the first being around age 44, which triggers the largest change, followed by another notable increase at age 60.

Dr. Steve Hoffmann, a computational biologist at the Leibniz Institute on Aging in Germany, informed The Wall Street Journal: "These findings likely correlate closely with our personal observations or those shared by individuals noticing an abrupt decrease in their physical health."

'Determining and examining these elements must take precedence in upcoming studies,' stated Dr. Xiaotao Shen, who previously was a postdoctoral scholar at Stanford Medicine and is currently an assistant professor at Nanyang Technological University Singapore.

For individuals in their 40s, notable alterations occurred in the levels of molecules associated with alcohol, caffeine, and lipid metabolism. Additionally, there were variations observed in indicators linked to cardiovascular diseases, along with changes in markers pertaining to skin and muscle aging.

A comparable yet less significant 'wave' of aging was observed around the age of 60.

Dr. Snyder suggested that some of these alterations might be linked to lifestyle or behavioral patterns that tend to occur within specific age brackets.

Read more

Major Social Security Changes Affecting 3 Groups of Older Americans: What You Need to Know

Multiple modifications to Social Security have been implemented this year, affecting approximately 68 million individuals who rely on Social Security benefits. These alterations include some positive developments for recipients—particularly beneficial for those potentially facing financial shortages. retirement savings .

The purpose of the cost-of-living adjustment (COLA) is to ensure that Social Security benefits align with inflation, allowing recipients to preserve their ability to buy goods and services even as expenses increase. The benefits have gone up by 2.5%. As of January, based on data from the Social Security Administration (SSA), which increases retirement benefits by approximately an average of roughly $50 each month .

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This rise is somewhat smaller than the previous one. present yearly inflation rate of 3% , which has continued cooling since reaching peak levels in 2022.

For instance, in 2024, the Cost of Living Adjustment (COLA) was established at 3.2%, whereas in 2023—amidst high inflation—it surged to an impressive 8.7%. Consequently, although this year's COLA is significantly less, it aligns with a decrease in inflation rates.

The highest possible benefit for individuals retiring at their full retirement age (FRA) has gone up as well, potentially leading to larger monthly payments. For the year 2024, this change means that maximum benefit was $3,822. This year, the maximum benefit amounts to $4,018—and for someone, it could go up to $5,108. waits until they reach the age of 70 to claim their benefits.

However, these are not the sole modifications. Below is crucial information regarding the alterations and the three key segments that will be affected.

1. U.S. citizens nearing retirement age

One major change for individuals approaching retirement is an extension of two months. FRA For those born in 1959, the Full Retirement Age (FRA) has gradually risen since 1983 after Congress raised it from 65 to 67.

This year, individuals who reach 66 years old will need to wait ten months before receiving their full benefits, making November 2025 the soonest eligibility date. You still have the option to apply for your benefits earlier though. as young as 62 years old , you'll face a lasting reduction in the sum of your monthly payment — potentially around 30%.

Next year, the ceiling for taxable wages will rise from $168,600 in 2024 to $176,100. Consequently, those with greater incomes will notice a larger portion of their salary being allocated towards Social Security taxes; however, this adjustment aims at bolstering Social Security funds, as forecasts predict potential shortfalls. partially depleted by 2037 unless changes are made.

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2. U.S. citizens receiving disability or veterans' benefits

Individuals in America facing disabilities or health issues that hinder their capacity to work might experience an increase in their Social Security Disability Insurance (SSDI) payments. This program is intended to assist those who are primarily incapable of working due to such challenges.

As long as your income doesn't exceed the "substantial gainful activity" limit, you can continue earning money and receiving SSDI benefits. This rule applies according to the guidelines. SSA .

By 2025, this limit will increase by $70 to $1,620 per month for the majority of recipients, whereas an individual who is legally blind and receives SSDI benefits can earn as much as $2,700 monthly.

Veterans can expect a boost in their VA disability compensation by 2.5% due to the Cost of Living Adjustment (COLA). The same raise at 2.5% will apply to surviving spouses who receive dependency and indemnity compensation benefits.

Additionally, there could be boosts in payment levels and expanded coverage for new areas. presumptive conditions , potentially enabling several veterans to become eligible for benefits they previously did not qualify for.

3. Americans who are employed while receiving their benefits

For senior citizens in the U.S. receiving Social Security benefits while still working—whether through part-time jobs or gigs to add extra income—the government sets a limit on earnings. If this threshold is exceeded, the SSA will reduce some of these benefits. The same rule applies to individuals below Full Retirement Age (FRA) who collect survivors' benefits and continue to work.

The positive development for individuals attaining their Full Retirement Age this year is that the earnings test limit It has risen to $62,160 in 2025 (previously at $59,520 last year). Once your earnings surpass this level, the Social Security Administration deducts $1 for each $3 earned. Should you be several years shy of Full Retirement Age, they will withhold $1 for every $2 over the limit of $23,400 (an increase from $22,320 in 2024).

Luckily, the earnings test limit doesn’t apply during the month when you attain your full retirement age. This implies that regardless of your income level, there will be no reduction in benefits.

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Safety Courses for Older Drivers: Australian State Takes Action to Reduce Road Deaths

Senior motorists are disproportionately represented in South Australia’s road fatalities, leading local authorities to initiate safety courses aimed at updating older drivers' skill sets.

On March 27, the South Australia Police will be holding an event. two free sessions At their new Road Safety Centre in West Beach, they aim to keep road users informed about updated traffic regulations.

Aimed at drivers who are 70 years old and above, these road safety courses are also available to license holders of all ages, and they will include an evaluation of the participants' suitability to drive.

The South Australia Police aims to "decrease the disproportionate number of elderly individuals involved as casualties in traffic accidents through education about Australian driving regulations and changes made since they last updated their knowledge; coexisting safely on roads [and addressing] the top five reasons for such incidents."

It aims to teach elderly residents about "alternatives to driving, pedestrian safety, and safe use of electric mobility devices."

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In the previous year, 88 drivers met fatal ends on South Australian roadways, where over 43 percent of these tragic losses involved individuals who were 65 years old or above; specifically, this accounted for 38 casualties.

This figure is notably above the national average, as individuals aged 65 years or more constituted 25 percent of all road user deaths in Australia last year, accounting for 327 out of 1324 total fatalities.

This isn’t the first attempt by South Australia to assist elderly motorists stay current; the South Australian Council on Aging had earlier introduced the Moving Right Along initiative.

ABC News More than 2500 drivers have participated in this educational initiative up until 2019, after which the former South Australian Government discontinued its annual contribution of reportedly $100,000 to fund the program.

The announcement of the police-administered course was made only a few months following when a 97-year-old South Australian woman grabbed public attention as she failed her second practical driving test. battled to have her license restored .

In South Australia, drivers who are 85 years old or older must undergo an annual practical driving assessment. If they accumulate 20 or more points, it counts as a failure. According to reports, the woman received 182 points on her initial test and 128 on her subsequent one, which resulted in her license being suspended.

Although an appeal was made to the South Australian Civil and Administrative Tribunal (SACAT), the decision stood firm, even when her grandson or representative argued that the practical test evaluator’s "judgments were largely shaped by, or significantly swayed due to, the candidate’s age."

MORE: A 97-year-old Aussie battles to retain their driver’s license following two unsuccessful exams.

14 Chic Short Haircuts for Women Over 70

Those times have passed where age mandated a traditional hairstyle. Nowadays, numerous trendy short hairstyles are available for women over 70. These cuts are low-maintenance, beautifully accentuate their distinct facial characteristics, and radiate personal style and self-assurance.

Short hairstyles are ideal for mature women as they are both easy to manage and fashionable. With age, hair tends to become finer and weaker, but opting for a shorter cut can make it appear fuller and thicker. Moreover, many short cuts highlight one’s facial characteristics, resulting in a revitalized and younger-looking look.

Stylish short hairstyles for women above 70 years old

When selecting a short hairstyle for women over 70, take into account aspects such as hair type, facial contours, individual fashion sense, and daily routine. Below are some of the most flattering short hairstyles for older ladies above 70 years old:

1. Classic pixie cut

Among the finest short haircuts for those over 70 who wear glasses is the iconic pixie cut. This enduring and stylish short hairstyle features finely layered strands that produce a gentle, textured appearance. The sides and nape are trimmed close, whereas the crown maintains a bit more length.

This hairstyle can be adapted variously, ranging from smooth and refined to messy and fun. Additionally, it requires minimal upkeep, making it perfect for individuals seeking an attractive but fuss-free hairdo.

2. Layered bob

Are you searching for stylish layered haircuts suitable for those over 70? Look no further! These hairstyles feature layers that enhance both volume and texture. Generally falling just above the chin, they create an appealing outline around the face. Layers can be adjusted according to personal taste, whether you prefer a slicked-back, smooth, laidback, or messy appearance.

3. Textured crop

A modern hairstyle known as the textured crop can make someone who is 70 years old look very fashionable. With its short, uneven layers, this cut gives off a deliberately messy yet chic vibe. It’s especially appealing for mature women as it accentuates their facial characteristics, offers a vibrant and up-to-date aesthetic, and requires minimal upkeep.

4. Curly bob

A curly bob stands out as the ideal short hairstyle for a 70-year-old woman who has naturally curly hair or permed locks. The layered design of this cut accentuates her curls and brings more springiness. This full-bodied look is certain to boost an elderly lady’s confidence and gracefulness.

5. Short shag

A short shag is an exciting and modern hairstyle perfect for women who want to inject some personality into their appearance. This cut features layers that lend movement and vitality to the hair.

6. Asymmetrical bob

This fashionable and up-to-date "classic" bob features one side longer than the other. It provides an exclusive and refined appearance that can be customized, with the asymmetry adding a modern touch.

7. Tapered cut

For women over 70 seeking an elegant, fuss-free appearance, a taper haircut is perfect. This hairstyle features progressively shorter layers toward the back of the neck, resulting in a tidy finish.

8. Blunt bob

A choppy bob hairstyle appears sleek and refined. The crisp, well-defined borders lend an air of sophistication and modernity to this cut. It’s perfect for individuals seeking a simple yet chic appearance without much maintenance. Furthermore, this haircut complements various types of hair textures, rendering it both adaptable and fashionable.

9. Pixie bob

This is an ideal short hairstyle for a 70-year-old woman. Combining features of both the pixie cut and bob, this look is simple to upkeep and can be modified according to different tastes, whether you prefer a neat and tidy appearance or something more relaxed and laid-back.

10. Feathered cut

The feathery haircut is gentle and voluminous. The hair layers are designed to look like feathers, accentuating the inherent texture of the hair. Ideal for individuals with thin hair, this trendy style provides extra volume and substance.

11. Layered wavy bob

This hairdo features a traditional bob enhanced with soft curls, giving off a relaxed, seaside vibe. Perfect for those seeking a fashionable and vibrant image. Moreover, it’s low-maintenance and doesn’t demand much work to keep up appearances.

12. Modern shaggy pixie

This chic short choppy hairstyle is ideal for those over 70 with fine hair. Its casual and effortless nature makes it perfect for women seeking a relaxed yet fashionable appearance. The asymmetrical layers lend a messy, textured feel. This shaggy pixie cut is simple to maintain and style.

13. Spiky cut

The edgy hairstyle is unquestionably distinctive and favored by individuals seeking a hint of whimsicality in their appearance. This look involves styling the shorter layers upward to form spikes.

14. Short tapered pixie

Are you uncertain about which hairstyle to go for? Starting with a tapered pixie could be your answer. This adaptable look suits various hair types and facial contours.

Final word

Stylish, practical, classic, and sophisticated short haircuts are ideal for women over 70. As ladies grow older, their hair care requirements might evolve, yet this shouldn’t diminish their sense of attractiveness. These mentioned hairstyles provide numerous opportunities to express individuality and self-assurance while still being low-maintenance.

The .co.ke website has shared an article featuring low-maintenance hairstyles suitable for a 60-year-old woman with thin hair. Ease of styling frequently plays a crucial role when choosing hairstyles for older women who have delicate locks. What then are some top choices for easy-to-care-for tresses for someone at this age with finer strands? To find out more, check out their piece.

Claim Early or Wait? The Surprising Scenarios Where Taking CPP at 60 Makes Perfect Sense

If you decide to claim the Canadian Pension Plan (CPP) earlier than usual, your monthly benefit could decrease by as much as 36%. Can you guess why someone might choose this option?

The Canada Pension Plan (CPP), which is a retirement benefit, is financed through contributions made by both employees and their employers as well as by self-employed individuals across Canada. This plan generally applies to nearly all workers and those who are self-employed outside of Quebec (where they have their own separate program).

To become eligible for CPP benefits, you need to be at least 60 years old and have made at least one contribution to the plan through employment within Canada or received credit transfers from a previous spouse or common-law partner.

The precise amount of your monthly CPP benefit hinges on several factors: your age upon initiating benefits, the duration of your contributions to the program, and your average income throughout your career. Should you choose to begin receiving these benefits at 65 years old in 2025, you might qualify for up to $1,364.60 .

According to the 2021 Census data, the mean overall income for Canadian residents aged 65 and above was $46,080 The typical CPP benefit amount in 2024 was $815 Per month or $9,780 annually, representing about 21% of the typical retiree’s income—thus, for numerous Canadians, the Canadian Pension Plan (CPP) serves as a significant supplement to their retirement funds, alongside personal savings and potentially an employer-provided pension plan.

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The CPP payments decrease if you start receiving them before your optimal age.

For each month you claim CPP benefits before your full retirement age, you face a permanent reduction. 0.6% Of the advantage, up to 36% more if you start receiving CPP at age 60. For each additional month beyond age 60 that you delay claiming, your benefit rises by 0.7%. Should you choose to wait all the way until age 70, this would result in a boost of 42%.

Should you become eligible for a $1,000 annual benefit at age 65, opting to claim it at age 60 would yield $640 instead. Conversely, delaying receipt until age 70 could provide an amount as high as $1,420 annually; moreover, these payouts typically rise over time due to adjustments linked to inflation rates.

Based on these figures, it appears astonishing that individuals choose to receive CPP benefits at age 60; nonetheless, numerous people still make this decision. statistics provided by the Government of Canada In 2023, 29% of individuals beginning their Canadian Pension Plan (CPP) benefits chose to do so at age 60, with an additional 24% starting them after turning 60 but prior to reaching 65 years old. Approximately one-third (32%) initiated their CPP when they turned 65, whereas just 6% deferred receiving their benefits until they were 70. Therefore, what motivates someone to accept a diminished benefit?

8 factors influencing individuals to claim their Canadian Pension Plan benefits sooner

  1. You're unhappy with your current employment, you wish to retire right away, and require the Canadian Pension Plan to support yourself.

  2. You're set to retire at 60 and you've already experienced numerous years of little or no income.

When determining your basic CPP payment, the authorities will Exclude as many as eight of your lowest-earning years. If you decide to retire at age 60 and include additional lower-earning years prior to claiming your benefits, you might inadvertently decrease your benefit amount.

  1. You face health problems that could reduce your lifespan.

  2. You aim to minimize or eliminate the portion that gets clawed back from your payment. Pensions from Old Age Security (OAS)

The OAS represents another cornerstone of Canada's social retirement framework. It is accessible to Canadian citizens and legal permanent residents aged 65 and above who have lived in the country for a minimum of ten years after turning 18, irrespective of their employment history. As of October through December 2024, the maximum monthly OAS payment The amount is $727.67 for individuals aged 65 to 74 and $800.44 for those 75 years old and above (this benefit is reviewed quarterly to account for changes in the cost of living). However, with regard to OAS, clawed back As your earnings rise above the minimum income recovery threshold of $90,997 in 2024, consider minimizing your CPP benefit to reduce your overall income and thereby increase your OAS payments if you anticipate having considerable retirement savings.

  1. You have a low income and might be eligible for the Guaranteed Income Supplement (GIS) in addition to OAS

In such a scenario, reducing your CPP payments could potentially increase your GIS benefits. Consulting with a financial advisor for guidance related to OAS or GIS purposes would be wise when deciding about taking CPP, since these computations involve complex factors with long-term effects. A professional adviser typically uses specialized tools to simulate various scenarios aiding better decision-making.

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  1. You have no faith in the government.

Some individuals might have concerns regarding the sustainability of these governmental initiatives; however, it’s important to recognize that the Canadian Pension Plan (CPP) operates independently from the government’s overall finances — thus, the government cannot utilize those funds. Moreover, a 2021 The report from the Chief Actuary of Canada indicates that the CPP will stay financially viable for a minimum of 75 years.

  1. You believe you could generate greater returns by managing the funds personally.

Although it may be achievable, you will have to overcome an assured yearly boost of 7.2% up to age 65, followed by an 8.4% hike each year thereafter until reaching 70, along with adjustments made to account for inflation.

  1. When you're planning to retire during a significant market downturn, you aim to start collectingCPP benefits to minimize the necessity of withdrawing funds from your investment portfolio. This way, your investments will have time to recuperate.

Typically, it's unwise to claim your Canadian Pension Plan benefits before the designated age. However, certain situations might justify doing so. When weighing whether this step suits you, seeking advice from a financial counselor is highly recommended.

Sources

1. Canada.ca: CPP retirement pension: The amount you might get

2. Statistics Canada: Income Explorer, 2021 Census

3. Canada.ca: Canada Pension Plan: Monthly Figures for Pensions and Benefits

4. Canada.ca: Canada Pension Plan Retirement Benefit: Timing for Commencing Your Retirement Income

5. Canada.ca: Canada Pension Plan (CPP) - Count of Newly Awarded Retirement Pensions by Age Group, Gender, and Fiscal Year - Canada Pension Plan (CPP) - Count of Newly Awarded Retirement Pensions by Age Group, Gender, and Fiscal Year

6. Canada.ca: How we determine your CPP benefit amount

7. Canada.ca: Old Age Security

8. Canada.ca: Old Age Security: What Amount Can You Expect?

9. Canada.ca: Recovery Tax for Old Age Security Pension

10. Canada.ca: Guaranteed Income Supplement

11. CPPInvestments.com: Sustainability of the CPP

This article If you opt for the Canadian Pension Plan (CPP) at age 60, you'll see a reduction of 36% in your benefits—but there are 8 scenarios where taking it early can be quite sensible. How many of these situations pertain to you? originally appeared on Money.ca

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3 Compelling Reasons to Start Social Security at 62

If you have spent some time researching this topic, you likely have been encouraged to postpone applying for your Social Security retirement benefits for as long as feasible. This advice stems from the fact that the designated full retirement age—when you can receive 100% of your expected payouts—is typically set between ages 66 and 67, varying based on your birth year. Opting instead to claim these benefits at age 70 could result in substantially larger monthly benefit amounts.

On the opposite end of this spectrum, though, lies another alternative. Despite resulting in significantly lower payouts, one could argue for filing as early as age 62. However, make sure not to rush into this decision, as it is an irreversible choice.

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Patience pays off

As has been mentioned, everyone who qualifies for Social Security Individuals entitled to retirement benefits will receive the complete amount they were expecting solely if they begin claiming them upon reaching their full retirement age, or FRA This year’s Full Retirement Age (FRA) is set at 66 years and 10 months for individuals born in 1959. The following year, however, the FRA will increase to a complete 67 years, remaining unchanged thereafter unless modified once more through new legislation.

However, if you decide to postpone claiming these benefits, your future payouts will increase by approximately 0.66% each month, which adds up to an annual boost of around 8%. Specifically for those attaining their full retirement age this year or next year, waiting until age 70 could result in a significant hike of roughly 25% in the amount of your monthly disbursements.

Don’t delay initiating your payments significantly past turning 70. The Social Security Administration ceases to increase your future monthly benefits after age 70, and they will only backpay you up to six months.

Perhaps you considered initiating these payments far earlier than your Full Retirement Age (FRA)? This approach is also feasible. However, doing this significantly diminishes the amount of each payment, potentially lowering it by up to 30% should you decide to start claiming benefits at the youngest eligible age of 62. Quite a hit!

The arguments for making the claim as soon as possible

Why would someone potentially jeopardize their financial stability in the long run by securing these reduced payment rates?

There are indeed several clear-cut reasons for taking this step. The primary one is that you might require this funds just to ensure basic needs like food and shelter, with alternatives such as employment or leveraging any property you own not being viable solutions at present.

Another compelling rationale for initiating Social Security benefits prior to reaching your Full Retirement Age, despite not requiring immediate funds, stems from the potential opportunity to allocate these resources elsewhere. For instance, you might consider investing them in equally secure ventures instead.

And whether good or bad, this benchmark is quite modest. Even though the actual return on your funds locked into the Social Security system fluctuates each year, it generally aligns with the country’s consumer inflation rate or matches the returns on Treasury securities. U.S. Treasury bonds .

From 2008 through 2021—when interest rates hovered around their lowest points—it was not feasible to outperform this rate of return using bonds or certificates of deposit. Now that rates have returned to typical historical levels, many money market funds offer higher yields compared to what you would generally receive from allowing the Social Security Administration to hold onto your funds before you reach full retirement age.

Keep in mind how easy and tempting it might be to avoid actually making this positive move with the money once you have it in your hands.

Another reason to consider taking Social Security earlier instead of waiting is the potential for benefit reductions due to the program nearing financial instability. Should decreased payments become unavoidable (recognizing that such concerns may be somewhat influenced by political factors), it would make sense to receive complete payments for as long as possible before they decrease.

Moreover, earning income while simultaneously receiving early benefits is also an alternative, and potentially a wise choice for many individuals.

Even though earning an income alongside Social Security benefits might decrease those payments, which contradicts a widespread belief, it doesn’t mean you’re losing out. If your benefit amounts are reduced because of wages earned from working, they will be compensated later with larger monthly Social Security payouts in the future. This option essentially lets you enjoy both worlds—you can generate earnings while also collecting benefits without enduring lasting penalties for doing so.

The first idea you came up with is probably your strongest one.

However, if none of these points seem compelling enough to persuade you that claiming Social Security benefits at 62 might be advantageous despite the costs involved? It may just be better this way. Overthinking and poorly planned optimizations frequently lead to outcomes worse than before. Typically, you’re better off utilizing such programs as they were originally meant to be used and adhering to standard practices. retirement and financial plans that have existed for many years.

In spite of that, there’s nothing incorrect about grabbing a pencil and paper to manually work through some genuine figures. For certain individuals, opting for early Social Security can indeed be quite sensible.

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Senior Sensations: Inside Hong Kong Ballet's Exclusive New Program

The Hong Kong Ballet's workshops for beginner dancers who are 55 years old and above are helping seniors in Hong Kong fulfill their youthful aspirations as they dance with spirited hearts.

Everything began with a music box. In her childhood days, Mary Chan was captivated by a graceful ballerina figure perched on top of it, which pirouetted each time the mechanism was cranked.

"Admiring the small doll, I could spend entire days spinning that toy," recalls Chan, who in 2024 had the opportunity to realize a childhood aspiration — learning ballet for herself.

Chan, turning 80 this year, was one of many retirees along with other adults aged 55 and older who enrolled in the Hong Kong Ballet’s latest community engagement initiative called Silver Ballet. This program was introduced as part of their efforts. 45th anniversary last year The courses and three-day camps are tailored for individuals who typically aim to slow down rather than get warmed up, let alone stand on their tiptoes.

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Trainers demonstrate basic positions, movements, and routines at a slow tempo. The aim is not to produce spinning solo performers but to transform ballet into an enjoyable and beneficial activity. This approach helps enhance posture, flexibility, and balance for individuals of all ages who wish to dance.

“I genuinely love dancing and appreciate attending dance shows,” states Chan. “The idea of learning ballet never crossed my mind; thus, becoming a dancer seemed unattainable. When I was younger, things were quite distinct. Both my mother and father encouraged me to concentrate on academics. Even at friends’ parties, I needed to be accompanied by an elder sibling.”

Although Chan could be the eldest member of the Silver Ballet group, this softly spoken elder is perhaps the most exuberant among them. While she lacks the agility for toe dancing or the stamina to hold an arabesque position, she moves with the grace and suppleness of someone decades younger than herself.

She recalls, “As a child, I watched a film featuring the renowned British ballerina Margot Fonteyn. Later, during the 1970s, I had the opportunity to see performances by Russian ballet companies. Their gracefulness and smooth, flowing motions captivated me.”

I began exploring various dance styles after turning 60," shares this dedicated homebody. "I became involved with numerous community organizations and events providing lessons, focusing particularly on Chinese folk and traditional dances. The opportunity to delve into ballet truly thrilled me.

Similar to many contemporary creative and business approaches, the concept for Silver Ballet emerged during the COVID-19 pandemic. During this period, Wu Zhong, the artistic director of the Hong Kong Ballet, Septime Webre He motivated his team to explore innovative ideas, aiming to introduce ballet to the public despite people being unable to attend live shows.

During quarantine, Webre and his team performed small group and duo shows on a hotel balcony, with the isolated spectators viewing from their respective rooms. Additionally, they produced videos for a fresh YouTube channel HKBallet@home features talks, performances, and tutorials created specifically for children, as well as intermediate adult learners. Additionally, there is a five-part series showcasing basic dance moves suitable for seniors to perform from their homes.

Heidi Lee Oi-yee, the executive director of Hong Kong Ballet, states, 'Theaters are not the sole means through which we fulfill our mission.' The pandemic pushed them to broaden their audience base and highlight their skills. With quarantine measures beginning in January 2020, they had established their online platform by March.'

Following the success of the videos aimed at seniors, the local charity Po Leung Kuk invited the ballet company to organize post-Covid performances at community centers for seniors. Encouraged by the enthusiastic feedback, Lee, along with Vency Kwok, who serves as the senior education and community outreach manager, decided to expand this initiative further.

“We organized workshop camps for children, followed by teenagers and adults,” states Kwok. “It seemed only logical to consider, ‘ What about those who are older than Generation X? '"

I didn't feel fully awake until I reached 60 years old.
Mimie Lau Siu-wah

Lee mentions that this particular audience segment was "one the ballet hasn't truly focused on significantly in the past."

Hong Kong seems to prioritize the younger generation, and it appears that the elder population might feel somewhat neglected, particularly within the realm of art,” she remarks. “Ballet often gets seen as something less relevant for seniors. However, one positive outcome from these efforts has been their revived enthusiasm.”

Kwok, whose previous work focused mainly on promoting dance education in schools, shifted her attention towards developing a program tailored for individuals new to ballet, particularly those who may lack the endurance and flexibility required for rigorous exercises. To create an appropriate syllabus featuring age-friendly ballet moves, she sought guidance from the Dance Medicine Research Clinic at Chinese University. However, for certain older participants, what draws them to ballet is precisely the challenge, effort, and complexity involved.

Despite not being able to execute the movements effectively, I put in considerable effort," states Chan, who participated in the first-ever workshop camp. "My bones and tendons are stiff, and I lack muscle mass, yet I persist. Although I tire easily, I remain content, so it’s all worthwhile.

The aim isn’t to be the top dancer; it’s more about maintaining health and enhancing physical well-being.

Coach Kwok emphasizes that "safety is our top priority. We stress to everyone that if a teacher recommends something and they feel unable to perform it, they shouldn’t attempt it at all. Getting hurt isn’t worthwhile. However, it’s wonderful to observe students who may lack coordination putting in significant effort, practicing diligently, stretching themselves both literally and figuratively, and giving dancing their best shot."

The initial in-studio performance of the Silver Ballet ensemble took place last March in the rehearsal hall of the theater. The Hong Kong Cultural Centre's Main Theater Over the course of three days, two distinct groups consisting mainly of novices participated in crafting costumes and mastering a series of dance moves. Swan Lake Following this, all 41 students participated in a demonstration for the invited families and friends.

"Staying occupied and energetic is beneficial, yet maintaining social connections is equally vital," asserts Kwok. "Ballet presents mental challenges as well; considering all the steps one must remember, precise placements on stage, and synchronization with music—it keeps the mind sharp. I believe this could aid in preventing conditions such as dementia. The ethos of our ballet company has always been: ‘always moving forward.’”

The Hong Kong Ballet is not the pioneering group to broaden its educational offerings to older adults. The United Kingdom’s Royal Academy of Dance conducts Silver Swans workshops. According to Kwok, “There are indeed adult ballet sessions available elsewhere and in various institutions locally; however, these typically cater to individuals who have had prior dance experience.”

Following the inaugural Silver Ballet camp, the program grew to incorporate a sequence of weekly sessions. It wasn’t limited to female participants either. Retired high school instructor Derek Chan, aged 64, felt no reservation about being the sole male participant since it satisfied his long-held interest.

He believes that ballet training ought to begin when one is young, as was the case with his daughter, which led him to think he had missed the optimal time to learn.

I'm grateful for the insights gained from the Hong Kong Ballet. It has instilled a sense of pride and confidence when performing in front of my child, friends, and fellow spectators.

A fervent student named Mimie Lau Siu-wah has emerged. Previously working as a real estate executive, she unexpectedly had ample free time after being advised to retire during the peak of the pandemic. Realizing she'd overlooked physical activity throughout her life, Lau resolved to improve her hunched stance. Currently, her dedication is such that she even postponed vacation trips just to make it to class.

"All of my muscles felt dormant until I reached 60 years old. Currently, I am 66," states Lau. "Initially, I began practicing Pilates. I figured, ‘Alright, now I have plenty of free time and feel quite bored.’ Given my nature, I require an activity to stay engaged. Upon seeing The Butterfly Lovers ballet Last year, I came across an advertisement in the program for Silver Ballet. Immediately, I knew I wanted to participate. I am someone who makes swift decisions. In about five minutes, I had completed everything. I simply reserved my spot online.

I could tell my posture wasn’t correct since I hunched over the computer whether sitting or standing. Additionally, I noticed my bones seemed to be fusing. Whenever I got a massage, they would say I felt as rigid as a piece of wood.

Similar to many of her fellow Silver troupe members, Lau didn't have the opportunity to dance during her youth. She explains, "My mother wouldn’t allow it, claiming it would make my shinbones very large. Nowadays, I understand this only occurs if one fails to engage their other muscle groups appropriately."

When the 41 students took the stage for their condensed performance, Swan Lake ," adds Kwok, "some relatives were absolutely wonderful." They arrived holding signs, much like devoted fans of pop stars. The entire family would join in, bringing along flowers as well.

A camper shed tears after the conclusion of the event. She mentioned, ‘I didn’t imagine being capable of accomplishing such a thing within merely three days.’ Her child continuously expressed gratitude, mentioning how delighted she looked. The girl shared with me, ‘My mom took my siblings and me for ballet lessons when we were young, and I never imagined we’d get to perform ballet together. Today we did exactly that.’

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The article initially appeared on the South China Morning Post (www.scmp.com), which is the premier source for news coverage of China and Asia.

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Scientists discover the brain's 3 ageing 'waves' that starts before 60

  • READ MORE: 4 crucial factors that can protect you from developing dementia

Whether you're turning 60, 70 or 80, everyone starts to feel 'old' at very different times.

But our brains go through three distinct 'ageing peaks' throughout our lives, according to a new study.

Experts have identified that levels of 13 proteins linked to brain ageing spike at 57, 70 and 78.

This suggests that these specific age groups may be critical points where interventions can significantly aid in maintaining brain health for an extended period, according to them.

The group examined the levels of approximately 3,000 proteins in the blood plasma of almost 5,000 Britons ranging from 45 to 82 years old.

The analysis showed that 13 proteins closely associated with brain aging appear in three distinct peaks related to age at 57, 70, and 78 years old.

A specific protein known as Brevican (BCAN) is linked to the beginning of dementia, stroke, and problems related to movement.

Another protein, called GDF15, has also been linked to age-related diseases.

The authors said that the peaks in these 13 proteins may reflect changes in human brain health at these specific ages.

And these could be important times to consider interventions in the brain ageing process, they said, that could help delay the onset of diseases such as dementia.

The research was led by a team from the First Affiliated Hospital of Zhengzhou University in China.

Writing in the journal Nature Ageing they warned that by 2050, it is estimated that the number of people aged 65 years and above will exceed 1.5 billion globally – highlighting the need for a deeper understanding of the ageing process.

In the UK alone, nearly one million people have the condition, with numbers rising. It remains our biggest killer.

'We found that the late fifth decade is a potential onset timepoint for brain ageing,' they said.

'In addition, our study suggested that the seventh and late seventh decades are also essential time points in brain ageing.

'These findings contribute to bridging essential knowledge gaps in clarifying the molecular mechanisms of brain aging, with substantial implications for the future development of… biomarkers for brain aging, as well as personalised therapeutic targets for subsequent age-related brain disorders.'

The finding arrives only months following independent research that similarly identified specific periods throughout one’s lifespan when the body experiences the majority of aging—thus debunking the notion that this process happens steadily over time.

In September, researchers from Stanford University found that age-related alterations such as decreased metabolic rate, aging skin, and heightened susceptibility to illnesses notably spike around ages 44 and 60.

These alterations might result in gaining weight or experiencing more intense effects from consuming alcohol.

Dr Michael Snyder, Professor of Genetics at Stanford University and senior author of the study, said: 'People assume everybody's kind of aging gradually. It turns out that most changes are not linear.'

To offset the impact of these dramatic aging 'waves', the team suggests that people approaching the milestones of 44 and 60 exercise more often and adopt a healthier diet.

The team analyzed data from repeated collections of blood and stool samples and oral, skin and nasal swabs from 108 healthy people between the ages of 25 and 75 across California over a median period of 1.7 years.

During analysis, scientists noticed that 81 percent of the observed molecules including proteins and RNA changed in at least one wave.

The team ultimately concluded substantial dysregulation occurring at two major periods — with the age of 44 causing the biggest shift, and 60 also producing a significant uptick.

Dr. Steve Hoffmann, a computational biologist at Leibniz Institute on Aging in Germany told the Wall Street Journal: 'These studies probably align very well with the experiences we have ourselves, or heard from others who perceive a sudden decline in physiological fitness.'

'Identifying and studying these factors should be a priority for future research,' said Dr Xiaotao Shen, a former Stanford Medicine postdoctoral scholar, and now an assistant professor at Nanyang Technological University Singapore.

In people in their 40s, significant changes were seen in the number of molecules related to alcohol, caffeine and lipid metabolism; as well as shifts in markers related to cardiovascular disease, and skin and muscle aging.

A similar but less pronounced 'wave' of aging was noted at age 60.

It's possible some of these changes could be tied to lifestyle or behavioral factors that cluster at these age groups, Dr Snyder said.

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