November 2006 - Posts
The GuardianCONVENTIONAL wisdom says that people in their twenties should save for
their pension as early as possible, but for the vast majority this is
unrealistic .Under the age of 30, retirement is too far away to be a
motivating factor. Today's
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Chicago Tribune, November 26th, 2006Once an expensive last resort for elderly homeowners struggling
for financial survival, reverse mortgages are now being sold as retirement
planning tools for affluent people.Despite a softening housing market,
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Orlando Sentinel, November 20th, 2006Question: In your column, you indicated a seller who carries back the
mortgage for a buyer is creating an installment sale to spread out the
profit tax. A carryback mortgage is a true sale reportable to the IRS.
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The Motley Fool, November 17th, 2006Even people who love their jobs probably daydream a little bit about
retirement. After all, by the time you're blowing out the candles on
your "Happy Retirement, Bob!" cake, you'll probably have been working
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Chicago Tribune, November 17th, 2006 Among economists and academics, a
consensus is growing that annuitization--exchanging a lump sum of money
for a lifetime income stream--can go a long way toward helping provide
retirement security for millions of
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Best Syndication, November 17th, 2006As an older American you can turn to "reverse" mortgages to seek
money to pay off your current mortgage, finance a major home
improvement, supplement your retirement income, or to pay for those
unexpected health
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Marketwatch, November 16th, 2006The sky is falling. Or at least that's what the
so-called Merchants of Doom would have us believe. Yes, the merchants
-- politicians, financial firms and the like -- say the baby boomers'
retirement years will be more
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The Journal News, November 15th, 2006With about 75 million baby boomers rushing toward
retirement age, there is a push within the insurance industry to have
more of them consider buying long-term care insurance.Such
policies are intended to cover expenses
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Marketwatch, November 14th, 2006A new accounting rule issued by the Financial Accounting Standards
Board in late September will require companies to show the assets and
obligations of their pension plans on their balance sheets, which are a
standard
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Belleville News-Democrat, November 14th, 2006One of my favorite sections in any newspaper is letters to the editor. And the best ones begin "So ..."
Of that genre, the absolute prizewinner was a letter in my own newspaper that began, "So, speaking for
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The Reporter, November 14th, 2006A recent letter
writer expresses his unhappiness with the current increases in health
plan rates ("50 percent rate hike excessive," The Reporter, Nov. 10).
Here's some information that will ease the pain but will not
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Senior Journal.com, November 8th, 2006The results from yesterday's
election showing Democrats gaining control of the House of
Representatives and close to control of the Senate signals major changes
ahead that directly impact senior citizens.
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Mortgage101.com, November 8th, 2006DEAR BOB: You have said several times the
way to convey title to real estate into a living trust is by a
quitclaim deed signed and notarized by the owner. That's what we did.
But now we want to sell our house, which
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Orange County Register, November 6th, 2006When Marge Ball retired from Coast Community College District in
Costa Mesa in 2002 she planned to spend her time traveling, not for
leisure but for business. The 55-year-old converted Marge's
Tours in Mission
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Fort Wayne.com, November 6th, 2006Eva Mae Minnich, 83, spent a lifetime being careful with her money, setting
it aside for routine bills and saving for larger purchases. Even the word
“mortgage” made her uncomfortable because she doesn’t like debts.
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Orange County Register, November 5th, 2006Has the reverse mortgage finally come of age?
These complex loans let seniors access some of the cash value of their homes
without the burden of a monthly payment.
In theory, the concept's a no-brainer. In
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MSN Money, November 4th, 2006As you round the corner into your 60s, your headlights are probably focused
on one goal: retirement. The life of leisure and freedom the rest of us are
still working toward is now within your grasp.
Maybe.
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New York Times, October 31st, 2006How depressing, how utterly unjust, to be the one in your social circle who is
aging least gracefully.In a laboratory at the Wisconsin National Primate Research Center, Matthias
is learning about time’s caprice the
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