• The Delphos Herald Senior Lifestyles -
has financial, social benefits
MS — The need to save for retirementis something professionals start hearingabout from the moment they begin theirareers. Whether it’s parents extolling thevirtues of retirement plans or employerswho encourage their employees to takeadvantage of their retirement programs,saving for retirement is never far from theminds of professionals.As important as such savings can be,many workers are deciding to delay theirretirements. As much as men and womennvision retiring to a faraway seaside villafor their golden years, such retirementsare not terribly common, and many old-r workers have begun to recognize the
conomic and social benets of delaying
retirement. Those undecided about when
they want to say goodbye to the ofceshould consider the following benets to
• Fewer years to worry about nancing
your lifestyleThanks to advancements in medicineand more andmore people liv-ing healthier life-styles, men andwomen are nowliving longer thanin years past.While living lon-ger, healthier livesis a plus, it doeshave an effect onretirement. Be-cause people cannow expect to live longer, they must en-sure their money lasts long enough. Bydelaying retirement, men and women will
have fewer retirement years to nance.• More chances to save money
It might be your dream to retire early,but you could be doing yourself a greatdisservice by ending your career prema-turely. Men and women at or near the endof their careers are often making moremoney than they ever have, which enablesthem to save more than they have in thepast, especially if children are full grownand supporting themselves. Take advan-tage of these high-salary years, even if itmeans working an extra few years. If youdo, when you retire you could have sub-stantially more in savings than you wouldhave had you retired early.
• Stay socially activeIn addition to economic benets, delay
ing retirement has social benets as well.
Many people get the bulk of their socialinteraction with colleagues and cowork-ers. When men and women retire, theseopportunities for social interaction candwindle rather quickly, and it’s not un-common for retirees to battle feelings of isolation. Delaying retirement allows youto easily maintain contact with friends andcolleagues, and can lead to a better qualityof life.
• The chance to give back
Many older professionals view retire-ment as being put out to pasture, wheretheir years or experience aren’t utilized.However, individuals who delay retire-ment can use their extra years around the
ofce as an opportunity to leave a legacy
for the next generation. This is something
professionals nd especially valuable as
their retirement draws nearer and theywant to leave a lasting mark, be it on theircompany, within their industry or in thecommunity in which their company oper-ates. Delaying retirement provides moretime to build this legacy, and can create a
greater sense of fulllment when men and
women do decide to retire.Delaying retirement is growing in-creasingly popular. Men and women oftensee it as a chance to build a bigger nestegg and leave a more lasting legacy with-in their company and community.More and more men and women arechoosing to delay their retirement, a de-cision that has both economic and social
730 W. Market St., Lima, OH 45801 • 419.227.3361 • www.stritas.org
CompassionExcellenceHuman Dignity Justice Sacredness of Life Service
The Region’s Leaderin Healthcare.
No matter what brings you to our hospital, we’re committedto meeting your needs as well as those of your family andthe communities we serve. From advanced technology and minimally invasive surgery to our caring staff of skilledprofessionals, we help patients ﬁnd the road back to thepeople, places and activities they care about.For more information visit www.stritas.org.
ARA — Finding the Medicare coveragethat best fits their needs and their pock-tbooks is challenging for many seniors.Health care plans make changes to their cov-rage. People’s health conditions change.
Not keeping on top of these changes can
mean problems. Suddenly seniors may findthey don’t have needed coverage, their doc-tor no longer takes their plan, or they facesteep medical or prescription drug costs.That’s why it’s essential to reviewMedicare coverage and individual needsach year, and to use the Medicare annualopen enrollment period to make changes tooverage. Medicare annual open enrollment
runs from Oct. 15 through Dec. 7, with new
benefit choices effective the following Jan.1.“Getting started early is key,” says Maryale Walters, senior vice president of theAllsup Medicare Advisor, a Medicare planselection service. “Choosing Medicare cov-rage is complicated, even when you havelots of information on the Web. It can beifficult to get current plan information andto get an apples-to-apples comparison of plans.”Walters offers these tips for seniors tomanage and lower their health care costs.
1. Be an informed consumer
Millions of seniors, their families andcaregivers will be pleased to know that forthe third straight year the average basicMedicare prescription drug premiums willremain steady.Since enacted, the Affordable Care Act
has helped more than 5.4 million peoplewith Medicare save more than $4.1 billion
in out-of-pocket prescription drug expenses.
Tips for seniors
on managing health care costs
See TIPS, page 12