September 2006 - Posts
Business Week Online, September 27th, 2006Nowadays the old American dream of owning your own home outright can seem like just that: a dream. For reasons good and bad, Americans are increasingly carrying mortgage debt later in life. Retirees or soon-to-be
Read More
The Hill, September 26th, 2006Members and aides will glimpse a familiar sight
this morning on the Capitol’s West Lawn: angry physicians, wearing lab
coats and toting picket signs.
With just days left before lawmakers leave town to campaign,
lobbying
Read More
Yahoo News, September 27th, 2006Corporations and caregivers are
taking unprecedented action to prepare for the wave of 90 million Americans
who will be 65 and older over the next 40 years, essentially doubling today's
senior population.According to
Read More
Miami Herald, September 25th, 2006A panel of experts agreed Saturday that fraud in billing Medicare for HIV/AIDS treatments is a massive problem.
''We're very concerned,'' said Sandra Colón, a Medicare
investigator. ''This healthcare fraud is endangering
Read More
It's difficult to save for two major expenses like retirement and a
child's education - how can you do it without being completely strained?CNN Money, September 25th, 2006My wife and I recently bought a home and are now looking into
getting a jump on
Read More
The New York Times, September 24th, 2006THIS hearing aid looks more like an earring. Its tiny triangular body comes in
exuberant colors like sunset orange, racing green or cabernet red; a slender
wisp of wire uncoils gracefully from the body to an
Read More
Mortgage 101.com, September 19th, 2006DEAR BOB: I am a 74-year-old widow. About
six years ago, I added my daughter's name to my home's title in joint
tenancy with right of survivorship so she wouldn't have to worry about
probate costs when I pass on.
Read More
PR Web, September 19th, 2006According to Daniel Katz, Vice President of Operations for Settlements for Life,
senior citizens who are contemplating cashing in their life insurance
policies could receive 5 times or more than the cash value of their
policy
Read More
The Motley Fool, September 19th, 2006Target-date asset-allocation funds are designed to be held until a
specific year in the future -- the year you intend to retire.
Initially, the funds hold an aggressive mix of stocks and bonds, but
they gradually
Read More
Rutland Herald, September 19th, 2006The booming retirement market is about to have a new source of
information available on television. John Erickson, an innovator in
retirement communities, is preparing to launch "Retirement Living," a
new television
Read More
When realtors lie, everyone loses.Mortgage101.com, September 18th, 2006DEAR BOB: My mother signed a listing
contract to sell her Lauderhill, Fla., condominium. She said the
listing agent told her a 6 percent sales commission and a six-month
listing
Read More
Frost Illustrated.com, September 19th, 2006Question: I worked as a teaching assistant for a
couple of years in the 1970s, and then quit to raise a family. I am now
working again but plan to quit work when my husband retires. I will
only have about
Read More
The classic car market is on fire, thanks mostly to nostalgic baby boomers with plenty of cash.MSNBC.com, September 18th, 2006In 1991, shallow pockets forced Bill Wiemann to sell his 12 muscle cars. He got
$200,000 for a collection that included a '69
Read More
Senior Journal.com, September 13th, 2006Senior citizens finding it
difficult to think clearly may jump to the conclusion they are
experiencing the early signs of dementia. That may not be the case, say
researchers, it may just be lack of red
Read More
MSN Money, September 13th, 2006Most boomers say they don't want to retire and move to Florida or Arizona or
even Belize. They want to stay where they are, near family and friends and in
the home that they already know and love.
That may not work
Read More
Online News Hour, September 12th, 2006Why do some Americans live longer than others? Race, class, and gender have long
been accepted as factors. Less clear has been why some groups are at greater
risk than others.
In a new study, Harvard researchers
Read More
Hampton Union, September 12th, 2006There are some big changes coming to a retirement plan near you. In
August, President Bush signed into law the Pension Protection Act of
2006 (PPA). The law affects both traditional defined benefit pension
plans and
Read More
Annapolis Capital, September 12th, 2006I worry that I could lose my job because of mergers, buyouts and the
growing trend to downsize. It would be hard to get another job that
pays as much, and I have major expenses. And I worry about retirement.
How
Read More
Forbes.com, September 12th, 2006Most elderly and disabled people on Medicare
will see their premiums rise to $93.50 per month next year, a 5.6
percent increase. That's lower than anticipated.
However, the news was not as good for
wealthier beneficiaries.
Read More
Senior Journal.com, September 11th, 2006The Department of Health and
Human Services (HHS) will announce Medicare Part B premiums for 2007
later this month, which will increase significantly for all seniors and
dramatically for seniors with
Read More
The Capital online, September 11th, 2006
Ted sets the helicopter down on Norris Glacier and we all clamber out to gingerly walk about and feel the crunch underfoot.
This is a kick! My favorite part of the Alaskan cruise. Swooping low
over glaciers,
Read More
Best Syndication.com, September 11th, 2006A reverse mortgage is a loan or line of credit you take against your
house from the equity in your house that you do not have to repay, as
long as you live there. You can choose to pay it off if you sell your
Read More
Orlando Sentinel, September 10th, 2006Question: Is it true that Medicare fraud goes on unchecked year after year, costing us taxpayers in the millions?
Answer: No, it is not true. The added and unnecessary burden on
taxpayers for Medicare fraud and
Read More
The New York Times, September 10th, 2006As hairdresser to the stars, Connie Nichols, an 86-year-old retiree (Apt. 225),
has been on intimate terms with Olivia de Havilland’s hair, Ethel Merman’s hair,
Doris Day’s hair and Natalie Wood’s hair, which
Read More
Post-Gazette.com, September 9th, 2006Trish Richert recently signed a binding employment contract. In exchange for
taking care of a 77-year-old woman -- arranging and taking her to doctors'
appointments, doing her bills, keeping her house tidy -- Ms.
Read More
Seattle PI.com, September 7th, 2006When people enroll in a Medicare drug plan later this year, the
first option for paying their monthly premiums will no longer be
through a deduction in their Social Security check. Instead, the
government will encourage
Read More
Palm Beach Post, September 6th, 2006Frequently, I am asked how Social Security fits
into the federal budget. Since the federal government's current fiscal
year ends on Sept. 30, I thought this might be an opportune time to
look at this issue.
By law,
Read More
The Center for Retirement Research at Boston College, September 7th, 2006Pension coverage in the
private sector has shifted from defined benefit plans where professionals manage
the money to 401(k) plans where participants invest their own accounts.
Read More
The Motley Fool, September 6th, 2006Ask around, and you'll likely discover a consensus that a good way
to sock wealth away for retirement is to buy a sizable home and enjoy
living in it for many years, while it appreciates in value
considerably. Then,
Read More
United Press International, September 6th, 2006The funded status of a typical U.S. pension plan
fell 1.4 percent in August as liabilities rose 3.5 percent, an industry
analysis shows.
Mellon Financial Corp. also said Wednesday the rise in liabilities
Read More
MSN Money, September 5th, 2006Antoinette Lucero figured she'd never find a job. Unemployed and on
welfare for five years, she wondered who would hire a deaf woman with
little training.But the 29-year-old single mother learned about
a free program sponsored
Read More
Toledo Blade, September 3rd, 2006It's not the money nor the part-timers' benefits
that Carol Yates cites when talking about what she likes best about her
job as a salesman in the children's department at Borders Books, Music,
Movies, & Cafe."I
Read More
People's Weekly World, August 31st, 2006What the Republican-controlled federal government couldn’t do with
Social Security may have been achieved with pensions, as Congress this
month passed the biggest pension law changes in 30 years. The full
impact
Read More
Seattle Times, September 1st, 2006About 6,500 Washington residents will be receiving letters from the
federal government instructing them how to pay back money they
mistakenly received as refunds for their Medicare drug-plan premiums.
The seniors are
Read More
ABC News Tampa Bay, September 1st, 2006Seniors are becoming one of the fastest-growing groups on the Internet.
A new study shows that elders enjoy online mental stimulation and connecting with others.
Eighty-year-old
Bob Kronish, of Boca Raton,
Read More