Businesses Find Opportunity in Idaho

(NewsUSA) – Remember when it was sort of fun to talk about The Number? The Number refers to the amount of money you’d need to retire comfortably, and it was borrowed from the title of a 2006 book by former Esquire editor Lee Eisenberg. Everywhere you went in those comparatively giddy pre-crash days, it seemed, people were tossing around figures — $1 million, $5 million – and often acting like it’d be a cinch to get there if they just gave up one Grande Cafe Vanilla Frappuccino a week. Needless to say, times have changed since then. But unless you like your 1-in-175 million odds of winning Power Ball, the need to soak away as much money as possible – as fast as possible, in the case of aging Baby Boomers – has only become more imperative. “One of the best pieces of advice we give clients is to keep it simple,” says Elaine Smith, master tax advisor at H&R Block, the giant tax preparation firm ( How simple? Read on:* Make automatic contributions to 401(k)s. We now know what can happen if you let market fluctuations spook your use of this convenient savings vehicle. According to a study by Fidelity Investments of millions of their accounts, investors who dumped all their allocations in stocks between October 1, 2008, and March 31, 2009 (the market crash), and stayed out of stocks through last June 30, 2011 (a big upswing), saw an average increase in account balances of only 2 percent. That compares to an average 50 percent increase for those who rode things out with a continuous allocation strategy that included stocks.* Don’t squander your raise. Consulting firm Hay Group says the average raise last year was 2.8 percent. Say your salary’s $50,000. That’s a $1,400 increase, or $26.92 a week. If you put that money into an IRA, in 10 years it would’ve grown to $3,108, based on an 8 percent average annual return. “It’s all about delaying immediate rewards on things like your fifth pair of designer jeans,” says Smith. * Invest your tax refund. The average refund last year was $2,913. Even the interest rate on savings accounts beats the free loan you essentially gave the government. * Take advantage of new fee disclosures. A new law is set to require much more transparency in most 401(k) plans. But why wait? Financial websites let you compare fund expense ratios, and the difference between an actively managed mutual fund charging 1.75 percent and an index fund charging only 0.07 percent — especially if the former’s performance is sub-par — adds up.

Boomers: Don’t Take Old Age Laying Down

Many aging baby boomers expect to exercise well into their seventies, and most plan to live independently for as long as possible. Luckily, companies are designing products that help boomers retain their active lifestyles.

To help consumers find products that are easy to use at any age, the Arthritis Foundation developed its Ease of Use program, which employs testers with moderate-to-severe arthritis to evaluate products. The Arthritis Foundation provides the following tips for boomers unwilling to let age interfere with their favorite activities:

Retirement is a Beginning, Not an End

<b>Retirement is a Beginning, Not an End</b>“></td>
<p>(<a href=NewsUSA) – Chances are, you know someone about to enter retirement. Between aging baby boomers and struggling businesses, many seniors find themselves leaving the workplace. And the numbers of new retirees are only going to rise — nearly 6,000 Americans turn 65 every day.

Retirement is a big transition for a former working stiff, and many people struggle to determine their next step. After all, the retirement age of 65 was established in the late 1800s, when life expectancies were shorter — today’s retirees will live for decades after leaving the workforce.

And longer lives create more expenses. Many retirees will end up pursuing second jobs in order to meet expenses. Only half of all employees earn pensions, and the falling stock market wiped out many a retirement fund.

If you’re planning — or even attending — a retirement party, you should keep these potential uncertainties in mind. For example, a person being forced into early retirement might not appreciate congratulations. It’s more appropriate to express how glad you are to have known or worked with the retiree.

That said, it is still okay to celebrate by acknowledging the retiree’s contributions. If you’re selecting gifts for a retiree, choose something that will commemorate their work, such as a personalized wall plaque or pen holder. The Web site offers heirloom-quality acrylic pieces that feature engraved images or imbedded photographs. Customers can design their gift themselves, creating a unique and memorable gift that any retiree will appreciate.

Of course, retirees today often choose to stay active, pursuing new careers that suit their personal interests or involving themselves in volunteer work.

With this in mind, treat your coworker’s retirement like a transition into a new and rewarding phase of life, rather than just an exit from the workplace. Talk to the retiree’s spouse and friends to learn about their post-retirement plans. If they’re planning on going back to school, for example, you might want to give them a gift certificate to a book store, as well as a gift that commemorates their contributions to your organization.

Retirement is a Beginning, Not an End

div img class=”category-img” src=”” alt=”Five words or less” width=”180″ //divdiv class=”category-listcontent”div class=”category-body” id=”ArticleBody” style=”display: block” (a href=””NewsUSA/a) – Chances are, you know someone about to enter retirement. Between aging baby boomers and struggling businesses, many seniors find themselves leaving …/div/div

Retirement is a Beginning, Not an End

Five words or less(NewsUSA) – Chances are, you know someone about to enter retirement. Between aging baby boomers and struggling businesses, many seniors find themselves leaving …

Students Turn to Promising Profession: Cosmetology

<b>Students Turn to Promising Profession: Cosmetology</b>“></td>
<p>(<a href=NewsUSA) – As unemployment figures continue their rise, one industry has proven to be resilient: cosmetology. According to Empire Beauty Schools, the nation’s largest provider of cosmetology education, more people are seeking to pursue cosmetology than ever before. Over the last year, Empire has seen a boom in enrollment of 33 percent on average nationwide, with some locations seeing student enrollment double.

According to Franklin K. Schoeneman, CEO of Empire, many of Empire’s students attended college, but left when they felt college would not prepare them for the workforce. Other students have turned to cosmetology as a second career choice, looking for the creative outlet and stability that the profession offers.

Funding for post-secondary education in the economic stimulus package, including increased Pell grants and work study opportunities, has further fueled the growth in cosmetology education. The stimulus also increased the HOPE tax credit to $2,500 per year. Families earning less than $160,000 annually may now claim the HOPE tax credits for four years, rather than two.

Tammy Giles, a 39-year-old Empire Beauty School student based in Michigan, has a common story. After being laid off from her job as a retail sales manager and exhausting all of her unemployment, she had to pursue a new profession. Tammy had always been interested in cosmetology, so she set out to get her license, feeling confident in the employment opportunities it would offer. “Everybody wants to look good,” said Giles. “You save your money, even in hard times, and you spend it on what you think is important.”

According to the latest figures from the U.S. Bureau of Labor Statistics, employment of hairdressers, hairstylists and cosmetologists should increase by 12 percent. Many now cut and style both men’s and women’s hair, and the demand for hair treatment by teens and aging baby boomers is expected to remain steady or grow. “The great thing about cosmetology is that it is one job that can’t be outsourced,” said Schoeneman.

To learn more, visit the Empire Beauty Schools Web site at

America Faces Cardiologist Shortage

<b>America Faces Cardiologist Shortage</b>“></td>
<p>(<a href=NewsUSA) – Heart disease remains the number-one killer in the United States. There is no shortage of patients needing cardiologists — and yet there aren’t enough doctors to go around.

According to a new report released by the American College of Cardiology (ACC), the number of practicing cardiologists will need to double between 2000 and 2050 to accommodate aging baby boomers, and a growing population of heart disease patients.

“We have a significant shortage of 3,000 cardiologists in the workplace today, and all indicators are that it’s going to get worse if we don’t do something,” said George P. Rodgers, M.D., F.A.C.C., chair of the ACC Board of Trustees Workforce Task Force.

The ongoing obesity epidemic and new treatments, which allow patients to live longer with heart disease, are increasing the demand for cardiologists. At the same time, more than 40 percent of cardiologists in the current workforce are over the age of 55, and nearing retirement.

Training opportunities for cardiologists are limited — in the 1990s, policymakers wrongly assumed that family practitioners would treat heart disease, resulting in a 25 percent cut in the number of cardiologist training spots. While other medical fields have a growing number of women and minorities, they remain underrepresented in cardiology. African Americans and Hispanics form only 6 percent of all cardiologists, women only 12 percent.

In its report, the ACC recommends solutions, including expanding the number of fellowship positions, reducing known factors that may encourage early retirement and creating incentives for underrepresented minorities to consider cardiology, as well as encouraging a team-based approach to cardiology care that leverages the skills and expertise of nurse practitioners and physician assistants.

“We need to advocate for more training spots and funding for cardiovascular specialists and, in the meantime, find creative and more effective ways of delivering care,” said Alfred A. Bove, M.D., F.A.C.C., president of the ACC. “Team-based care is a major opportunity for improving the current and future workforce crisis.”

For more information, visit