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Babyboomers platform Renew.com receives funding of $3 million

| Nov 20, 2016 08:17 PM EST

Retired senior couple seated in garden chairs appear relaxed looking out

In an effort to bring more information on retirement benefits to baby boomer community, funding has been successfully achieved by Renew.com

For retirees, American companies have waived pensions and healthcare benefit packages in the mid-1980s and as a result, the upcoming boomers also stand underprivileged for any compensation as similar to the parents' career.

In addition to this, approximately 10,000 in the baby boomer generation are retiring every day and this exemplifies that in the next decade also, there is going to be a lot of work for their transition towards senior retirement period.

In an article published at Tech Crunch, it is stated that in the culmination of this growing concern, Renew.com has come forward to be a source of good helpline primarily and raised $3 million in Series A receiving funding from Venrock, Expa and others.

After witnessing the difficulties of people for transition who used the site Oscar Health, that was co-founded by Nazemi, Renew.com website has been co-founded and launched by Nazemi along with friend Tony DeGangi.

"Retirees used to leave work with a host of benefits...They now leave with a cardboard box with a few picture frames from their desk," Kevin Nazemi says.

"The consistent thing was everybody was confused - including my mother, who's a doctor herself," Co-founder says.

Nazemi wants to send own parents where a lot of comfort is experienced at the site whereas the real market for the company is in winning human resource personnel to be able to talk to employees in transition.

Babyboomers states in an article that the process of aging brings more difficulties in doing certain tasks. Apparently,  it's not as bad as it's said about disappointments and frustrations that are caused by distractions. Researchers at the University of Toronto and Harvard University recommend that there are certain benefits due to slow down in focus and this is especially good for people over 50. With the help of behavioral studies and neuroimaging evidence, the researchers discuss how easily, distraction can help seniors with problem solving and for learning new information.

A psychology Ph.D student of University of Toronto and also a graduate student at the Rotman Research Institute, Tarek Amer, agrees with the fact that when people carry high cognitive control, focused attention is maintained.

"Different types of tasks benefit from a more broad focus of attention, and this is usually seen in tasks that involve thinking creatively or using information that was previously irrelevant," Amer says.

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