October 2006 - Posts
KCRA.com, October 30th, 2006Elderly homeowners have plenty of equity in their homes once their
mortgage is paid off, but for those who live on a fixed income, paying
for anything outside of normal expenses can pose challenges.Reverse mortgages can offer
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USA Today, October 29th, 2006Gordon Musch stares into a computer monitor and listens while an insurance counselor peppers him with unfamiliar terms.
For Musch, like millions of other seniors and
people with disabilities, it's time to learn again about
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The Shreveport Times, October 26th, 2006
Review your current health-care benefits package and plan early.That's the message the Council on Aging is urging local seniors to keep in mind.
The council is one of several local agencies
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Center for Retirement Research at Boston College, October 26th, 2006The U.S. retirement income system faces an enormous challenge as the
transition to a much older society begins. Fewer employers sponsor traditional
defined benefit pension plans.
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WABC TV, October 24th, 2006These days, the Baby Boomers are
approaching retirement. Most of their parents, too, are still living.
This unprecedented population of elders has given rise to new financial
tools. One among them seems all the rage: the
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Detroit Free Press, October 19th, 2006Social Security checks for nearly 49 million retirees will increase
3.3% next year, an average increase of $33 a month, the Social Security
Administration said Wednesday.The cost-of-living adjustment
means the
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Yahoo Finance, October 19th, 2006As you look ahead to retirement -- or, if you've already entered those years,
consider ways to reshape it -- odds are you may think about some kind of
employment, not just to keep the paychecks coming but to stay busy,
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MSNBC, October 18th, 2006 The title of this article is more ominous
than its content. I don't expect you to have to decide whether you want
to own a home or retire comfortably. I think you can have both -- if
you plan well. But I recently ran across
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For reasons ranging from a need to pay the bills to the desire for personal fulfillment, more older individuals are opting for a post-retirement return to the workforce.Miami Herald, October 16th, 2006Remember when folks worked for the same company for
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Bankrate.com, October 6th, 2006Dear
Dr. Don, My
mother has been having problems with a financial adviser whom she has
known since his childhood. (She is friendly with his mother.) I believe
he doesn't have her best interests at heart.
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Mortgage101.com, October 16th, 2006DEAR BOB: I am considering getting a
senior-citizen reverse mortgage on my home. But what happens after I
die? Who makes the decisions concerning the sale of my home such as
selecting the real estate agent, asking
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For most boomers, real estate is their biggest asset. But making the best use of
it requires planning.MSNBC, October 23rd, 2006Your home is more than your castle, it's your ace in the hole. If you haven't
saved enough for retirement, you figure that
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San Jose Mercury-News, October 10th, 2006Thirty years after they volunteered for the Peace Corps, Vermont
residents Kenneth and June Nicholson signed up again in 2001 and spent
the first years of their retirement teaching in Bulgaria.
Long retired
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Phoenix News, October 10th, 2006"I would never do it again," said Joan Farrington. Farrington is talking about a reverse mortgage.
She first got the idea when she saw this ad on T.V, "My home
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Rochester Democrat & Chronicle, October 11th, 2006A Sept. 12 Speaking Out essay explained how Rochester has convened an Aging in
Place Steering Committee to identify services that can help people stay at home
as they age.
However, because of
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Yahoo News, October 9th, 2006Every eight seconds, another baby boomer turns 60. And as the trendsetters of
the generation head for retirement, they're yearning for their dream homes.
But their idea of housing utopia doesn't necessarily hinge on spending
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The Seattle Times, October 8th, 2006Q: I'm in my 50s with considerable savings. I'm
also pretty good at my sales job. I am like many, however, in that I
know how to save but have no idea how to pragmatically prepare for
retirement income.
Is a $1
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Elder Law Answers, October 6th, 2006As you approach retirement, you must
decide when to begin taking your Social Security benefits. You have
three options: You may begin taking benefits between age 62 and your
full retirement age, you can wait until
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The Boston Globe, October 5th, 2006Federal Reserve chairman Ben Bernanke said yesterday that the burden
from retiring baby boomers will strain the nation's budget and economy,
unless Social Security and Medicare are revamped."Reform of our unsustainable
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PBS, October 5th, 2006REMAKING AMERICAN MEDICINE is a four-part television series for PBS that
follows pioneering individuals struggling to fix our broken health care
system.PROGRAM 1 - SILENT KILLER profiles individuals who are
committed to fixing
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Detroit Free Press, October 3rd, 2006For the first time since they started working for Chrysler, salaried retirees age 65 and older need to arrange for their own health insurance.They have until Dec. 31.Chrysler's
17,600 salaried retirees, dismayed and
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The Daily Independant, October 3rd, 2006Thinking about retiring, but concerned that you might not have
enough income to support your lifestyle? I might have the solution to
your dilemma.
It’s a reverse mortgage. You may have heard of them as
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MoneyWeb, October 2nd, 2006Pete Lydens traveled around the mid-Atlantic states and the Southeast as a city
manager and consultant for 50 years, so he was familiar with many of the
country's retirement hot spots when it came time to decide where to
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Reuters, October 1st, 2006Don’t waste too much time mulling over those retirement rules of
thumb that seem to pop up everywhere. They’ve never been very useful,
but changes in the way people live and work make them even less so.
Here are a couple
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