July 2007 - Posts
Associated Press, July 30th, 2007Nearly one-third of baby boomers ages 51 to 61 are at risk of not
having enough in savings to finance a comfortable retirement, according
to a study being released Tuesday by the Center for Retirement Research
at Boston
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MSNBC, July 30th, 2007Consider it the other drug problem: Millions
of people don't take their medicine correctly — or quit taking it
altogether — and the consequences can be deadly.On average, half of patients with chronic illnesses like heart disease
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The New York Daily News, July 30th, 2007Someone out there wants to place a bet on when you're going to die -
and they're willing to hand you a chunk of cash now, while you're still
alive.
This fast-growing business allows seniors to raise quick
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Brentwood Press, July 28th, 2007 American retirees, some 20 million of
them, are among the largest group of casualties in the war being waged
by their former corporate employers against workers’ and retirees’
earned healthcare benefits.This
tug of
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Los Angeles Times, July 26th, 2007The sun has set on fare discounts for hundreds of thousands of senior fliers. Blame airline cutbacks.
But travelers 62 and older, and sometimes as young as 50, can still
land special deals for hotel rooms, rental cars,
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Consumer Affairs, July 18th, 2007
Iowa Attorney General Tom Miller is launching a probe into long-term
care insurance, following complaints from seniors who say they're not
receiving the benefits they were told their policies would deliver.
Miller
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Marketplace, July 17th, 2007Lisa Napoli: A few weeks ago, a pair
of Irish hedge funds filed for bankruptcy after some risky investments
went south. Ritchie Capital had invested in what are called "life
settlement policies." That's basically where investors
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The Washington Post, July 14th, 2007How are baby boomers who are still carrying hefty first and second mortgages
going to pay them off?
Millions of homeowners refinanced during the "refi boom" of 2003 and 2004 and
took out new loans with 15- or 30-year
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The New York Times, July 14th, 2007Their son, Michael, 23, just moved back home and is looking for a job. Their
daughter, Alison, 20, will start graduate school at Columbia University next month, and they are paying her rent.
In contrast to previous
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The New York Times, July 9th, 2007Despite a vibrant local economy, Atlanta homeowners are falling behind on
mortgage payments and losing their homes at one of the highest rates in the
nation, offering a troubling glimpse of what experts fear
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Senior Journal.com, July 9th, 2007Americans age 62 or older hold an
estimated $4.3 trillion of home equity according to the NRMLA/Hollister
Reverse Mortgage Market Index (RMMI). Although the reverse mortgage
industry has seen tremendous growth
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The New York Times, July 8th, 2007Elderly clients thought they had every reason to trust Michael
DelMonico as a financial counselor. After all, the Massachusetts
insurance agent had become a certified senior adviser in 2002, a
credential he made
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SFGate.com, July 6th, 2007Insurance companies derailed a bill Tuesday that would have required
them to develop rules about selling annuities to persons over 65 years
old.
The measure by Sen. Jack Scott, D-Pasadena, was scheduled to be
debated by
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The Motley Fool, July 6th, 2007
Dear Mrs. Riches:I'm a 45-year-old guy with
a wife and three kids, a stable job, and a retirement account that is
poised to allow us to retire comfortably someday. By contrast, my folks
(now in their early 70s) have
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Inside Bay Area, July 5th, 2007Retired college professor and helicopter pilot J.D. Perrizo was inspired after the attacks of Sept. 11, 2001.
"I wanted to do something for the country," he said.
So when the Dublin office of the California Highway
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Orange County News, July 3rd, 2007
The increasing senior population affects Texas in many ways and the
Texas legislature knows it and they passed a bevy of bills in answer to
the coming surge of seniors.
Two sessions ago, Texas faced a huge
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Danville Register & Bee, July 3rd, 2007Amy
Smithers sat beside her mother-in-law Sunday getting angrier and
angrier at what she was hearing on the speakerphone beside her.
“It
was a man with an accent, like he was from India,” Smithers said. “And
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The Wall Street Journal, June 30th, 2007
A million dollars isn’t what it used to be.Sure, it’s still enough to pay for a comfortable retirement, and it will put you among the richest 2 percent of American adults.But
it won’t put you in the lap
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Kansas City Star, June 30th, 2007If you’re one of the millions of baby boomers turning 59½ this year, 2007 will be a financial milestone of sorts.This
is the year you’ll be old enough to start spending, without penalty,
the money you’ve faithfully
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