May 2006 - Posts
For retiring Baby Boomers, staying active is about more than just having fun
MSNBC, May 30th, 2006
In Bluffton, newly retired schoolteacher Andrea Flanagan and her husband, Mark,
have some big decisions to make. Not about what to do with the rest
Read More
The New York Times, May 30th, 2006
Depression afflicts people of all ages, but it can be particularly devastating for older
people, who are less likely to seek treatment and more likely to commit Suicide
than younger adults similarly afflicted.
Read More
Variation of the classic insurance product can provide retirement security
MSNBC, May 24th, 2006
It's not news that the
employer-funded pension, once a major component of a worker's retirement plan,
is fast becoming a thing of the past.
Read More
The Jewish Exponent, May 25th, 2006
A reverse mortgage can be a powerful tool for converting home equity into cash
that can help you make ends meet. However, reverse mortgages also present some
financial risk.
The following information, provided
Read More
Parade Magazine, May 21st, 2006
The average size of a house in the U.S. increased from 1,905 square feet in 1987
to 2,450 in 2005. Still, some home buyers—young families as well as
empty-nesters and retirees—are deciding that bigger isn’t always
Read More
SF Gate, April 30th, 2006
Need cash?
Despite the sharp run-up in short-term interest rates, borrowing against the
equity in your home is still one of the cheapest ways to get money.
Indeed, the number of Americans using their homes
Read More
Lawmakers trade swipes as cutoff for drug benefit enrollment passes
MSNBC, May 16th, 2006
Bush administration officials say a last-day flurry of registration for the new
Medicare drug benefit could lead to 90 percent of elderly Americans having
Read More
Fidelity poll shows 83% of workers say they aren't putting enough away, but firm
says that could be a good thing.
CNN Money, May 12th, 2006
An increasing number of Americans agree they are not saving enough for
retirement, according to a new
Read More
Senate Rejects Bill on Low-Cost Insurance for Small-Business Employees
WebMD.com, May 12th, 2006
The Senate turned away a bill Thursday that would have let small
businesses join together to buy lower-cost medical insurance for
workers.
The bill
Read More
As pension plans dissapear, responsable companies digging deeper
MSNBC, May 10th, 2006
Whether you view it as a betrayal of workers
or as an economic necessity, the traditional pension plan appears
destined for extinction as more companies move
Read More
Forbes, May 10th, 2006
As I see it, America is facing a retirement crisis. Picture a scenario
where most people hit age 60 or 65 and have no choice but to keep
working, asking to stay on in their current jobs; or if pushed into
"retirement," forced
Read More
San Jose Mercury News, May 10th, 2006
It's no secret that baby boomers have not been very diligent about saving for
retirement, but that doesn't mean they don't have assets. Many live in homes
that have appreciated greatly in value in recent years
Read More
6.5 million seniors have 6 days to make sense of the Medicare maze and pick a plan
Chicago Tribune, May 9th, 2006
Just days before the deadline, Larry
Mayer still can't decide what to do: Should he sign up for Medicare's
new drug program and
Read More
CNS News, May 9th, 2006
Former
vice presidential nominees -- Democrat John Edwards and Republican Jack
Kemp -- are teaming up to promote the concept of saving money for
retirement.Their message is aimed at people who don't understand the investment
Read More
Houston Chronicle, May 9th, 2006
Senate Democrats threatened Tuesday to filibuster Republican-backed
legislation they said would scale back health insurance for millions.
Republicans said the measure would allow small businesses to offer
coverage
Read More
Washington Post, May 9th, 2006
This is the season of renewal, with flowers blooming everywhere and
plant allergens wafting through the air. Gesundheit! But for Social
Security junkies, this is the time to pore over Social Security's
newest annual
Read More
Reuters, May 9th, 2006
First mortgage originations jumped 14 percent in the second half of
2005 with demand for fixed-rate loans climbing as the Federal Reserve's
campaign of interest-rate hikes began to affect home-buyers' activity,
a trade group
Read More
Financial Freedom Senior Funding Corp. could go public
MarketWatch.com, May 1st, 2006
IndyMac Bancorp Inc. said Monday said it's considering an initial public
offering for its Financial Freedom Senior Funding Corp. as net income at the
reverse
Read More
Medicare Part D is only the starting point for a far larger opportunity
The McKinsey Quarterly, May 10th, 2006
Now that the Medicare Modernization and Improvement Act
of 2003 is in force, large US health insurers are eagerly competing to sign
Read More
Business Week, May 5th, 2006
Let's assume that you have a perfect, carefully
thought-out financial plan for your retirement -- one that takes into
account routine expenses such as housing, food, and medical care,
extras such as travel, and even
Read More
Marketwatch.com, May 4th, 2006
The trustees have spoken. And the financial condition
of Social Security and Medicare seems to be getting worse with each
passing year.
Now, the trustees are saying
the Medicare hospital trust fund will become
Read More
Marketwatch.com, April 30th, 2006
Like the age-resistant Baby Boomers who have embraced
them, target-date retirement mutual funds are getting more aggressive
about pushing back the ravages of time.
These funds -- which combine various
Read More
Yahoo News, May 1st, 2006
The trustees for the government's two biggest benefit programs said Monday that
the trust fund for Social Security will be depleted in 2040, a year earlier than expected,
while Medicare will exhaust its trust fund just
Read More
House bill would allow seniors to access greater equity amount
SeniorJournal.com, April 30th, 2006
The Reverse Mortgage Program, already popular with senior citizens, may get even
better. The U.S. House of Representatives is considering legislation
Read More
The New York Times, April 29th, 2006
Two companies, UnitedHealth Group and Humana, have captured nearly half of the
vast new market for prescription drug insurance under Medicare, according to new
data issued Friday by the Bush administration.
Read More
Yahoo Finance, April 27th, 2006
For the past nine years, the Milken Institute has put on an annual conference in
Los Angeles that gathers several thousand business leaders, economists, and
other experts to discuss the outlook for global capital
Read More
The Washington Post, April 26th, 2006
Do you think your house is your retirement nest egg? Think again, say some
financial advisers.
Many, if not most, homeowners do expect to retire "on the house" according to
the Center for Retirement Research
Read More