Retirement
What is retirement normally thought as?
What is: the cessation of paid labor
Medicaid is a _____-based program.
What is: need
What is one positive impact of retirement on a person?
What is: expanding leisure time, time for taking care of self, more family time if they live close, more opportunity to be involved in the community, or personal growth
It can help us because it influences our earlier_______ and decisions on later life conditions.
What is: life work, and/or family decisions
What is: income
Retirement most commonly occurs between these ages.
What is: 60-70 years old
This healthcare program for older adults is the largest payer in healthcare.
What is: Medicare
Less social interaction with social connections can lead to this problem.
What policies can our knowledge influence us to make informed decisions regarding later life?
What is: employment policies and/or old age social insurance
This is a source of retirement funded by payroll taxes in retirement.
What is: social security, or 401(k)
This type of retirement involves working in a different occupation after leaving a previous career.
What is: bridge retirement
This act guarantees residents freedom from abuse and the right to file complaints without retaliation.
What is: the Nursing Home Reform Act
Losing routine and purpose can contribute to this mental health condition.
What is: depression
A ____ income allows for better preparation in retirement.
What is: high, or large
This type of retirement involves a clear break between working and not working.
What is: crisp retirement
What year did pensions reach an all time high?
What is: 1980s
A way to start planning in advance for retirement is _______.
What is: create a realistic budget, reduce or eliminate debt, or have an understanding on where your money will be coming from after retirement.
What may delay retirement because individuals need to keep working to meet basic needs?
What is: low income
What are two major factors that could contribute to the decision of retiring?
In what year was Social Security created?
What is: 1935
This is an account, not tied to employers, that could be used to save money and to help one be better transitioned into retirement.
What is: investments
What is: owning items (selling items)