In this news item courtesy of Red Orbit, Anna Rappaport, FSA, MAAA, chair of the Society of Actuaries' Committee on Post-Retirement Needs and Risks, takes a long, hard look at the concept of retirement. Spanning more years than it has in generations before, many are opting for staggered retirements, where they leave the working world over time and …
Naturally Occurring Retirement Communities
Or, NORC's, are areas that are predominantly senior citizens where supportive services are in place to assist them to stay in their own homes. These communities are a boon for those wishing to age in place and bring together the services offered by existing volunteer and for-profit community organizations in an area. They also focus on educating …