January 2006 - Posts
SF Gate, January 22nd, 2006
For home builders, they are among the weightiest
questions for the next 20 years: Where will the Baby Boomers move when
they sell the homes where they've raised their families?
Will they opt for the stereotypical post-retirement
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New York Times, January 21st, 2006
CAUTION: Reading this article may provoke self-inflicted slaps to
the head and utterances of "Why didn't I do this five years ago?"
In 1999, Farhad Aghdami, a
trust lawyer in Richmond, Va., suggested to
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Seniors Being Turned Away, Overcharged Under New Prescription Drug Program
The Washington Post, January 14th, 2006
Two
weeks into the new Medicare prescription drug program, many of the
nation's sickest and poorest elderly and disabled people are
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Are reverse mortgages the right direction for older Americans?
MarketWatch, January 20th, 2006
The number of Americans
over age 65 is expected to double in the next 30 years to 70 million.
And those older Americans will be living longer. But with
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The New York Times
The death knell for the traditional company pension has been tolling
for some time now. Companies in ailing industries like steel, airlines
and auto parts have thrown themselves into bankruptcy and turned over
their ruined pension
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Pew Research Center, December 8th, 2005
As the oldest of the nation’s 75 million baby boomers
approach the age of 60, a Pew Research Center survey released today
finds many are looking ahead to their own retirement while balancing a
full plate
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The New York Times, January 6th, 2006
I.B.M.,
which has long operated one of the nation's largest corporate pension
funds, said yesterday that it would freeze pension benefits for its
American employees starting in 2008 and offer them only a
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Bankrate, January 5th, 2006
It's time to consider whether to keep your home equity
line of credit or get rid of it.
Rates on credit lines have been rising for a year
and a half. Meanwhile, long-term
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The web address below has the reverse mortgage act as released from
the Congressional Budget Office.
http://www.cbo.gov/showdoc.cfm?index=6971&sequence=0&from=7
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The Herald Tribune, December 12th, 2005
Ronnalyn Crain plans to retire in about three years, but she's not as worried about her finances as she was in the past.
Crain
has accumulated modest savings from her career as a rental property
manager.
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Reuters, December 15th, 2006
WASHINGTON - The U.S. House passed a bill late
Wednesday to eliminate the cap on federally insured reverse mortgages,
which allow the elderly to convert part of their home equity into
income without selling their houses.
Read More