Home Blog Page 169

Rockford Area Realtors see trend in baby boomers helping millennial children buy homes – WREX-TV



Rockford Area Realtors are seeing a trend—baby boomers are helping their millennial children buy homes.

“It means everything to me because my parents are awesome, stand-up, the best parents in the world,” new home owner Jammie Bridges said.

She moved into a home in Machesney Park in June and says her parents paid for the down-payment on it. Rockford Area Realtors say its seeing more millennials buy homes and thanks to things like student debt, parents are helping them.

Bridges’ father fixed up the house himself and her mother did the interior design. 

“The house here is a blessing because she has her own place now,” Hank Bridges said. “I just feel better knowing if I went out she’d have her own place.”

Bridges says she’s going to pay her parents back for the money but appreciates the help.

Rockford Area Realtors say it’s also a trend from growing housing market.

What is the Difference Between a Medial and Lateral Unloader Knee Brace?


Degenerative Joint Disease affects millions of Americans and with an aging baby boomer population will most certainly become more of an issue as we try to maintain a healthy lifestyle, and battle against the affects of our youth. The knee joint is one of the most effected areas in the body regarding the “wear and tear” effects of osteoarthritis. More patients and doctors are looking for alternatives to medication and surgery to improve patient mobility, reduce pain and swelling, and prevent the inevitable and dreaded “knee replacement”.

“Unloader” knee braces, or “arthritis” knee braces, are designed to literally bend the knee into a position that reduces the stress and weight on the affected joint, thereby reducing pain and swelling. There are two compartments in the knee, referred to as medial or inner and lateral or outer compartments. The vast majority of patients suffer from medial compartment osteoarthritis (unicarpartmental oseoarthritis). When this occurs, the joint cartilage, synovial fluid are reduced or absent and the result is a “collapse” of the medial compartment.

The knee joint becomes misaligned and what was normally a joint that bears equal pressure to support the body, turns into a painful angular joint, with excessive wear and pressure on the inner compartment, with pain, swelling and in advanced stages, limitation of movement. The angular change caused by this medial compartment arthritis is referred to as a varus deformity. This term refers to an inward angulation of the lower leg in relation to the thigh. If you have ever seen a newborn and looked at their legs, you will understand what a varus or bow leg is. This is a varus deformity.

Likewise, the angular change caused by a lateral compartment arthritis is referred to as a valgus deformity. This term refers to an outwards deviation of the lower leg in relation to the thigh. Many people are familiar with the term “knock knee”. In the old days, you would see movies, where the teenage girl sits with her knees and thighs together, and her feet spread out. This is a valgus deformity.

An “unloader” knee brace corrects the varus or valgus relationship of the leg to the thigh, making the entire leg straighter and aligning the joint back to its level position. By bending the knee joint back into a more aligned position, the brace opens up a gap or space between the leg and thigh bone, so the two bones do not rub up against each other. This reduces the pain or swelling that occurs when two rough arthritis bones come in contact with each other.

When purchasing an “unloader” knee brace, it is important to know if you have a medial or lateral osteoarthritis. This can be confirmed with x-rays, noting the collapse of the knee joint, and the angular changes that are occurring. It is also important to consult with your treating doctor prior to purchasing such a device. Wearing a lateral unloader knee brace with a medial compartment arthritis may result in increased pain, swelling and accelerated joint damage. There are many choices to be made when deciding which arthritis or “unloader” knee brace to purchase. Please check with your doctor and do your research before you choose.

Baby Boomers haven’t had it all their own way – The Telegraph – Telegraph.co.uk


Has there ever been a less fortunate generation of young people? The Millennials, those now aged between 20 and 35, have always been told they’ve never had it so bad. That their parents enjoyed free university tuition, cheap houses and final-salary pension schemes – while their lot has been debt, penury and stratospheric property prices.

David Willetts, the former universities minister, wrote a powerful book about all this that reads like a call to arms. The Baby Boomer generation, he says, “took their children’s future” – and “should give it back”.

I’ve spent the last few weeks making a documentary for Channel 4 exploring what is fast becoming a new political battle line. And there’s no shortage of people preparing for war. You meet them all time in Westminster: the generational jihadis, who blame the old for the plight of the young. They usually propose some inter-generational justice in the form of a wealth tax. It’s a potent idea, much of it based on misunderstanding, but much, too, based on legitimate grievance.

First, the myths. One leading authority on the subject told me that the salary of people in their twenties is lower than was the case a generation ago. Astounding, he said, but demonstrable. When checking this out with the Office for National Statistics (ONS), I discovered a rather different story: that those in their twenties are not only paid more than was the case two decades ago, but their disposable income is a third higher. The halving of the price of clothes, the tax credits that now top up low pay, the economic growth: all have left a mark.

And today, two in five of teenagers go to university, whereas most of the reviled Baby Boomers didn’t even finish school. They are the besteducated generation in history. Then come those things you can’t put a price on. One woman I interviewed spoke eloquently about her situation: a degree, debt, but no job. When the cameras stopped rolling, I asked about her plans for the weekend. She was jetting off to Copenhagen for £40 return with similarly cheap accommodation via Airbnb. These modern blessings – the budget airlines, the gadgets, the peer-to-peer apps that let you stay in any city for the fraction of hotel prices – explain why even the most aggrieved Millennial would not wish to wake up in 1996.

Baby boomers not slowing down with age – Montana Standard


Mike Kloser was a professional mountain-bike racer, and after his career was over he spent years traversing unmarked wilderness courses in adventure races.

Once he hit his 50s, Kloser, who lives in Colorado’s Rocky Mountains, saw no need to slow down much. On any given day, he can be found riding the trails around the Vail Valley, running up and down Aspen Mountain, competing in obstacle races or skiing the snow-capped mountains.

“I’m not the kind of guy that likes working out indoors,” the 53-year-old Kloser said. “I’d rather be out in a blizzard skiing or doing something outside than working with a trainer in a gym.”

Kloser already was inclined toward more adventurous activities. He is, after all, a former professional athlete and lives in an area where fitness is woven into the way of life. But he isn’t alone among his baby boomer peers.

An adventurous generation growing up, many boomers have barely slowed down in their 50s and 60s. The oldest of the baby boomers hit 70 this year.

Golf, tennis, water aerobics, treadmills? Those are all fine, but also can be a bit boring for a generation that likes to have fun.

So as previous generations tended to steer away from extreme sports, baby boomers seem to gravitate toward them. They can be found among the mostly younger crowds surfing, rock climbing, mountain biking, ocean kayaking, even skateboarding and skydiving.

According to a 2015 National Sporting Goods Association study, there were 698,000 people between ages 55 and 74 who participated in off-road mountain biking, 402,000 doing open-water scuba diving, 155,000 snowboarding and another 49,000 into skateboarding.

“We all have that in us, like why shouldn’t we be having fun doing what we love to do?” said Barbara Odanaka, a children’s book author who started a moms skateboarding group in Southern California. “We’re not just stuck to typical activities, typical behaviors as our parents’ generation was.”

Baby boomers come by this call to action honestly. They grew up in an era when fitness moved toward the forefront of American society. Surfing, jogging and weightlifting all became popular as boomers came of age. People began paying more attention to their health.

According to AARP, less than 24 percent of American adults exercised regularly in 1968. That number was up to 59 percent by 1984. Life expectancy also rose from 69.7 to 75.4 years in a span of 30 years ending in 1990.

Living longer than their parents, baby boomers also stayed active longer.

“I think the mentality of our age group has changed,” said Kloser, director of activities at Beaver Creek Resort. “We’ve been active 20 or 30 years of our lives, and we just aren’t ready to become a seven-day-a-week couch potato. We want to keep active.”

Odanaka, 54, has done it on a skateboard — with other baby boomers from around the country. She skated as a kid, even earned a spot on Hobie Skateboards’ amateur team, but gave up to focus on competitive running. She was steered back to skateboarding a quarter century later by a therapist who told her to find something she used to enjoy as a way to take a break from a colicky baby.

Odanaka immediately rekindled the connection with her board and started riding every day, often joining the neighborhood kids who would knock on the door to see if she could come out to skate.

While promoting her first book, “Skateboard Mom,” in 2004, she hosted an event at a skate park and invited other skateboarding moms. That event launched the International Society of Skateboarding Moms, which evolved into the nonprofit Skateboard Moms & Sisters of Shred.

The organization now has roughly 400 members, ages 20 to 70, across the United States. Odanaka also has a group she skates with locally, often turning heads as they roll up and down the slopes of the skate park.

“The teenagers usually look at us like, ‘Oh my God, what is this?'” said Odanaka, a former reporter for The Los Angeles Times. “And I can’t tell you how many times the little kids have asked me for money for the soda machine or to tie their shoe. But by the end of it, there’s usually one kid who says: ‘I wish my mommy skated like you.'”

Rich Dad’s Prophecy, by Robert Kiyosaki – Review


If You Could Know the Future, Would You Invest Differently?

Rich Dad’s Prophecy is the book by Robert Kiyosaki that is subtitled:

Why the Biggest Stock Market Crash in History Is Still Coming…

and How You Can Prepare Yourself and Profit from It!

This book was written (with Kiyosaki’s co-author and partner, Sharon Lechter, C.P.A.) in 2002. All of the predictions made in this book are right on track – if not ahead of schedule.

The primary “prophecy” is that a MAJOR stock market upheaval is coming in 2016. This is the year when an estimated 2,282,887 “baby boomers” turn 70 – and are required BY LAW to make mandatory withdrawals from their 401 (k) accounts. In 2017, the number of people turning 70 jumps by 700,000 to 2,928,818, and keeps increasing every year thereafter.

What does this mean? Since the creation of the pre-tax retirement funds, Americans have been given incentives to place/spend their savings on stocks and mutual funds. Markets move up ONLY when more people are buying than selling. 2016 is the year when an astronomical bubble of retirees are forced to make withdrawals. This is stipulated in the law that created 401(k) accounts specifically so that taxes would be due and payable to the Federal government NOT LATER than beginning at age 70.

Kiyosaki tells the story of his “Rich Dad’s Prophecy” based on the enactment of “ERISA” (The Employee Retirement Income Security Act of 1974.) What his “rich dad” foresaw were the problems of passing control of retirement funding to individuals. These problems include:

1. Most people don’t save anything, or way less than needed for retirement and medical expenses – which continue to increase.

2. Those who created 401 (k) accounts were forced to become “investors”, an activity previously reserved for wealthy (and educated) speculators. In the process, the stock market was flooded with funds.

This is exactly what happened:

– Most people without corporate pensions – replaced by optional 401 (k) plans – went right on spending their money on material goods and saving little or nothing (in fact, racking up record amounts of consumer debt.)

– The minority of workers who created investment accounts (still numbering in the millions) injected billions into stocks and mutual funds. The stock market surged to record levels with the inflow of cash.

Note: it is no coincidence that the passage of ERISA in 1974 is the bottom of the market, following a crash in 1973-1974 to less than 600 Dow Jones Industrial Average. 1974 was also the center of a recession brought on by the Mideast “oil embargo” and the “Nixon Shock” following the removal of the dollar from the gold standard.

As Kiyosaki’s Rich Dad predicted, “Always watch for changes in the law. Every time a law changes, the future changes.”

All this background sets the stage for the predicted crash in 2016. With more than 2 million retirees forced to sell stocks (and pay taxes on any gains) the market MUST contract – or implode!

Kiyosaki wrote this book that foresees the impending crash in 2002. This is BEFORE the financial collapse of 2007-2008 (which is continuing today.) During this crash, the market lost 50% of its value from a high of 14,000. (It has since regained 85% back to 12,000.)

Americans continue to have pitiful savings rates. In addition, record unemployment brought on by the current recession has forced many who DID save and invest to drain their retirement accounts. The number of new wage earners will not offset the number of people retiring. After years of recession, there are actually fewer people employed, they are making less and investing less.

Combine theses problems and you have a market in an irreversible decline. As millions of other workers watch the value of their investments and retirement accounts decline and they will also start selling – trying to salvage what value remains even if they have to pay penalties.

The process continues, and the market spirals downward at an accelerated pace! In the process, the retirement savings and investment accounts of millions will be wiped out.

Bottom Line: the prediction of a 2016 crash is likely optimistic! It may be here sooner since retirees can withdraw funds earlier – they will only delay withdrawals until age 70 if they don’t need the cash earlier!

Kiyosaki balances the dire prophecy with optimistic advice, specifically how to build your “financial ark”. He writes, “Sometimes your greatest opportunities come at the greatest times of crisis. And for those that have positioned themselves well, it’s not about surviving disaster but rather achieving financial independence and wealth.”

He continues, “But this is not something to fear. Rich Dad’s Prophecy reveals not only the best ways to safeguard wealth but how to actually prosper from the events to come. The fears, dreams and actions of the baby boomers will control our economic future. You should consider building your own personal financial ark to stay afloat in the turbulent waters ahead. In Rich Dad’s Prophecy, you’ll discover how to prepare to prosper from the coming financial disaster. It’s a must-read for those who want to maintain and grow their wealth in the coming years.”

Rich Dad’s Prophecy will do more than educate you about the predicted stock market crash. You will learn how to build your own personal “financial ark” that will assure that you not only survive the storm, but profit from the coming turbulence. To learn more about Rich Dad’s Prophecy – as well as Kiyosaki’s other books, resources and seminars – please visit the Rich Dad website at RichDad.com.

Baby boomer mega-concert kicks off at Coachella site – CBS News


INDIO, Calif. — For thousands of middle-aged rockers, the concert of a lifetime is here.

The Desert Trip music festival starts Friday in Indio, California, featuring six legendary acts over three days: the Rolling Stones, Bob Dylan, Paul McCartney, Neil Young, Roger Waters and the Who. It will be the first time ever they’ve all performed at the same event.

The concert is being staged at the same Southern California desert venue where the Coachella Valley Music and Arts Festival is held each spring.

But unlike Coachella, Desert Trip is targeting the more affluent baby boomers who grew up with the festival’s featured rockers. Luxury camping, gourmet dining and yoga classes are among the amenities being offered. The festival repeats next weekend.

Dylan is set to kick things off Friday, just after sunset.

© 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

Millennials VS Generation X Vs Baby Boomers and Beyond


Sometimes you just have to get it out of your head. A departure from comics for a bit with an imperfect journey through the last 5 generations

The 5 Ways Baby Boomers Changed Sex And Desire Forever – Huffington Post


A few years ago, Huff/Post50 ran a post boasting how the Baby Boomer generation changed sex forever and in dramatic ways. In today’s world of broadening acceptance, that post seems like a relic. Do you agree? Here’s what we wrote, edited for updates:

Yes, Virginia, there was a time when everyone waited until their wedding night to have intercourse. And perhaps even more shocking: Yes, that’s actually what they called it. For real. Everything about what currently occurs in our bedrooms has completely changed since boomers came of age — including the fact that “what we do in our bedrooms” is no longer only being done in our bedrooms. Sex has spilled over on to our kitchen counters, our beaches and the front seat of our Ferraris if “The Wolf of Wall Street” is to be believed.

While boomers may not have invented sex (the way we did the internet), we certainly pushed its envelope and altered the way it is done, with whom, when and where, and even why. Here are five things boomers have done to change the course of the history of sex:

1. Boomers made outdoor sex OK.
What? You thought Woodstock was about the music? Sorry to disappoint, but nobody was really listening to Jimi Hendrix. That’s right. And while the Rock and Roll Hall of Fame knows of no head count of babies born nine months later, 1967 wasn’t dubbed “The Summer of Love” because of Ritchie Havens singing “Freedom.”

But freedom was at the core of things. In 1965, five years after oral contraception got FDA approval, 6.5 million American women were on the pill, making it the most popular form of birth control in the U.S. and freeing a generation from the fear of unwanted pregnancies.

2. Boomers made indoor sex more interesting.
Anyone remember Plato’s Retreat? Me neither. But the notorious swingers’ club epitomized the free-sex atmosphere of pre-AIDS New York City. Clothing was optional, only couples were admitted (although encouraged to mingle), and the centerpiece of the experience was a public “mat room” for exhibitionist sex. Going to the mats took on a whole new meaning when Plato’s opened in 1977.

AIDS, of course, changed everything.

3. Boomers took honoring thy neighbor to the biblical level.
Long before car keys were collected at parties from those who drank too much, suburban swingers in the 1970s collected them for a different reason. As they entered the party, the men would deposit their car keys in a bowl by the front door. On the way out, the women would fish a set of keys from the bowl and that’s who they’d go home with.

Boomers invented the American Swinger.

A Psychology Today report in 2013 dubbed the 1971 study by Gilbert D. Bartell “the most in-depth look on the swinging culture to date.” And here’s what Bartell found: Of the estimated one to two million American Swingers, most were middle-class suburbanites. In a fact that can only amuse, the Bartell study found that a whopping 42% of the male Swingers were salesmen. More than three-fourths of the female Swingers were stay-at-home housewives, most of them with kids. Contrary to what some critics believed, Swingers tended to be anti-drug and “anti-hippie,” not at all aligned with the lifestyle or values of the counterculture. Swinging, Bartell found, was something quite different than the “free love” of the sexual revolution, and its advocates wanted to have little to do with the rebellious, anti-establishment youth culture. Mostly, they just wanted to have sex with someone other than their spouses.

4. Boomers changed the language of sex.
Calling sex “intercourse” went out the window long before Bill Clinton wished Monica Lewinsky would have. While our former Prez “didn’t have sex with that woman,” the term for doing the nasty (that’d be circa 1977) used to be balling in the 1960s. For a while, women were “boinked,” “porked” or “got laid.” Sometimes, we got “nookie” or were “screwed” and occasionally they had a “slap and tickle.” Today people “hook up.” And of course, the F-word has been around since the cavemen and that’s probably who still uses it the most.

5. Boomers changed dating rituals.
Because we fumbled them so badly, obviously! Aside from inventing the internet, which made it possible for online dating sites to exist, boomers totally blew dating. We may have originated the one-night stand, but we always struggled with long-lasting relationships. Maybe the bad bar scene and the people our mothers fixed us up with were just the kiss of dating death. Admit it: If anyone today bellied up to the bar next to you and asked you what your astrological sign was, you’d probably run for the exits, right? Yes, much safer to sit with your tablet swiping Tinder prospects to the side.

Nowadays, you see someone’s profile and start following them on Twitter. You check out their LinkedIn profile and see who they’re friends with on Facebook. One of the selling points of some dating apps is that they actually show whether you have friends in common so you can do some real-time investigating. The result is that long before you meet the person, you know his or her online persona, which as one younger friend noted, sometimes is a total disconnect from the real person.

Still, we think it probably beats putting your keys in a bowl.