Know Anyone Over 50?

"Were you aware that the so-called "Seniors" are greatly outpacing those between 20 and 34 when it comes to starting a new business?  This article touches on the reasons behind that fact."

'Seniorpreneurs:' A Booming Market For Boomers

SIOUX FALLS, SD - 

What are you going to do when you retire? Millions of baby boomers ask themselves that every day and the answer is "start their own businesses." 

People over the age of 50 make up the fastest growing group of entrepreneurs in the country.

62-year-old Lisa Rinaldo was an educator in Los Angeles for 30 years. She recently retired in Sioux Falls near her son and grandchildren.

"I'm going to sit in my rocking chair and read all the books I brought with me and play with the grand babies," Rinaldo said.

But Rinaldo's retirement didn't last long.  In a 360 career switch, she started a tech company producing and selling electrically conductive pastes.

"Our company name is Prohm-tect because an ohm is a measure of resistance in electricity and we protect against ohms," Rinaldo said.

Her product was invented by her father. 

"I didn't want to see these formulas lost when my dad is gone one of these days. I felt he had developed excellent products and I wanted to carry this forward for him and our family because they do have so much potential," Rinaldo said.

Is 60 the new 50?  There are actually more entrepreneurs between the ages of 50 and 65 than there are between the ages of 20 and 34 and there are three important reasons for that.

Why is Pharmanex 6S Necessary?

New York Attorney General Targets Supplements at Major Retailers

By ANAHAD O'CONNOR

 FEBRUARY 3, 2015 12:00 AM

The New York State attorney general’s office accused four major retailers on Monday of selling fraudulent and potentially dangerous herbal supplements and demanded that they remove the products from their shelves.

The authorities said they had conducted tests on top-selling store brands of herbal supplements at four national retailers — GNC, Target, Walgreens and Walmart — and found that four out of five of the products did not contain any of the herbs on their labels. The tests showed that pills labeled medicinal herbs often contained little more than cheap fillers like powdered rice, asparagus and houseplants, and in some cases substances that could be dangerous to those with allergies.

The investigation came as a welcome surprise to health experts who have long complained about the quality and safety of dietary supplements, which are exempt from the strict regulatory oversight applied to prescription drugs.

The Food and Drug Administration has targeted individual supplements found to contain dangerous ingredients. But the announcement Monday was the first time that a law enforcement agency had threatened the biggest retail and drugstore chains with legal action for selling what it said were deliberately misleading herbal products.

Among the attorney general’s findings was a popular store brand of ginseng pills at Walgreens, promoted for “physical endurance and vitality,” that contained only powdered garlic and rice. At Walmart, the authorities found that its ginkgo biloba, a Chinese plant promoted as a memory enhancer, contained little more than powdered radish, houseplants and wheat — despite a claim on the label that the product was wheat- and gluten-free.

Three out of six herbal products at Target — ginkgo biloba, St. John’s wort and valerian root, a sleep aid — tested negative for the herbs on their labels. But they did contain powdered rice, beans, peas and wild carrots. And at GNC, the agency said, it found pills with unlisted ingredients used as fillers, like powdered legumes, the class of plants that includes peanuts and soybeans, a hazard for people with allergies.

Is the Economy Getting Better?

This from the Chicago Tribune, a devastating blow to those who are proclaiming that "everything is doing just fine" in the US economy.  Dennis
Almost half of US households exhaust their salaries

The Federal Reserve has declared economic growth "solid." But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.

Nearly half of U.S. households — 47 percent — say they spend all of their income, go into debt or dip into savings to meet their annual expenses, according to an analysis of Fed survey data released Thursday by the Pew Charitable Trusts.

They could not withstand a serious financial emergency," said Diana Elliott, a Pew research manager who co-wrote the analysis. "That really is the contrast to the macroeconomic story" of a recovering economy.  "Macro indicators tell us a lot, but they don't tell us what is specifically happening within families," she said.

If a typical middle-class household had to weather a period of joblessness without any income, they would exhaust their available savings within 21 days, the analysis found. If that same family also cashed in all their retirement investments to get by...