Seniors at risk as retirement fuels substance abuse
A CARON Treatment Centers adviser notes retirement isolation and low mood can drive misuse of prescription meds and alcohol among seniors. Experts warn elderly patients are three to five times more exposed to drugs, with up to half in assisted living facing substance issues. Mental health, purpose, and transition stresses compound risk, experts say.
MENTIONED IN THIS ARTICLE
Center For Applied Research Solutions
Santa Rosa
Calif
Jamie Huysman
Caron Treatment Centers
Janet Taylor
New York
AARP
Taylor
Huysman
Lynnette Khalfani- Cox
AskTheMoneyCoach.com
Bob Stammers
Investor Education
CFA Institute
When to claim Social Security impacts retirement checks
The timing of collecting Social Security greatly affects lifetime benefits. Delaying past full retirement age raises monthly payments by about 8 percent per year, while claiming at 62 reduces them to about 75 percent. A reader turning 62 now earning $60,000 could see roughly 1,200 monthly at 62, 1,600 at 66, and about 2,300 at 70, illustrating the trade offs.
MENTIONED IN THIS ARTICLE
America
Social Security Board of Trustees
Social Security Administration
SSA
Delaying Social Security Offers Bigger Checks After 79
The piece compares benefits by retirement age, noting a break-even around 79. It explains that delaying can yield higher monthly payments, with a theoretical example showing about 37 percent more by age 90, and advises weighing health, savings, and planning with advisers.
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Rodney Brooks
Portiguy
USA Today
Paidatage
George Petras
Jeff Reeves
InvestorPlace.com