US Media Studios Shares Retirement Tactics for Boomers

A search on any website about financial or retirement news will usually turn up several articles geared toward the Millennial generation. US Media Studios takes time to share some retirement tactics for Boomers instead.

For the Baby Boomer Generation

Employees in their 50s and 60s spend most of their careers working hard, working long hours, and socking away money in retirement accounts. They know if or when they can retire. They know how much more they need to save before they can retire. They have a solid understanding about health care, social activity and perhaps even part-time work they might engage in after full-time works ends.

It is also essential that career employees in their 60s know that retirement account withdrawals are permitted and without penalty. If older workers in their 60s are let go, they can withdraw and use some of their retirement savings to help with expenses. There are circumstances, such as unexpected medical expenses, which can force someone to dip into savings also. However, it is best to avoid that and to continue to save as much as possible before finally retiring.

US Media Studios reminds that employees in their 60s might want to keep working until they have a good nest egg stashed way. Most 401(k) plans have catch-up limits. Workers can contribute up to $23,000 a year. Roth IRAs have a limit of $6,500. It’s best to diversify savings accounts so not all of the savings “eggs” are in one basket. The best bet is to keep working as long as possible or as long as one can afford to. Use retirement savings to live from as a last resort.

US Media Studios Takes On Teen E-Smoking Topic

The good news is that rate of teen smoking is going way down. The not so good news is that e-smoking, or “vaping”, has increased.

Cigarettes versus E-cigarettes

The US Centers for Disease Control reports that about 11 percent of high school students said they smoke, and 24 percent of high school students admitted they used e-cigarettes during the 30 days before the Centers ran their report. Even though regular cigarette smoking is way down, there is a rise in vaping. Medical professionals credit the heavy marketing campaign about the health risks of smoking, the rise in age to buy cigarettes or show ID to prove age.

E-Cigarette Laws

Starting in August 2016, the US Food and Drug Administration will ban the sale of e-cigarette and e-cigars to anyone under the age of 18. Health warnings will not be added to the packaging as there are laws in place allowing manufacturers time to change boxes, etc. Other areas of concern regarding teen health are the uptick in hookah usage, and teenage boys smoking flavored cigars. US Media Studios notes that vaping is not all the healthy, and more so when the vapor contains nicotine.

Why Are E-Cigarettes Bad for Teens

A team from a leading public health school found that many e-cigarette flavors deliver diacetyl, a chemical that causes "popcorn lung" found in workers at microwave popcorn packaging plants. Other researchers found formaldehyde, which is known to cause cancer, and is common is regular nicotine cigarettes. Vaping may be the next cool thing to smoking, but its health affect on teens is not so cool.