August 2007 - Posts
The New York Times, August 30th, 2007Why would some people willingly spend decades — and hundreds of
thousands of dollars — renovating houses they will never own? For a
small but growing number of so-called resident curators living in old
and cherished
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CNN Money, August 28th, 2007Question: With all the woes in the subprime market and
considering the reports that some money market funds hold money in
securities that include subprime debt, should I be worried that my
money market fund may "break the
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The New York Times, August 29th, 2007The economic party is winding down and most working Americans never even got near the punch bowl.The Census Bureau reported yesterday that median household income
rose 0.7 percent last year — its second annual increase
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The Motley Fool, August 29th, 2007Wall Street scams never cease to amaze me. I'm not talking about the
really brilliant ones, the multilayered market-manipulation attempts
that would make a fine premise for a mystery novel. I'm talking about
the dumb
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The Motley Fool, August 28th, 2007It's time for some tough love. After all, I want you to have a
comfortable retirement doing things that you enjoy and have always
desired. That may mean dining in fine restaurants, traveling to the
Galapagos Islands
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Investment News, August 28th, 2007While income annuities are the most cost-effective way to provide
income at retirement, investors are reluctant to purchase them,
according to a new study.Consumers aren’t annuitizing enough of their portfolios, according
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CNN Money, August 28th, 2007Sixty-one percent of financial advisors say that having sufficient
retirement savings to maintain their desired lifestyle is a constant
concern of their clients, reveals Schwab Institutional's most recent
Independent Advisor
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Yahoo News, August 28th, 2007Consumer confidence weakened in August as volatile financial markets
and housing problems took a toll, a private research group said Tuesday.The New York-based Conference Board said that its Consumer
Confidence Index, declined
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Seattle Times, August 27th, 2007Q: I am 60 years old. My financial adviser is
strongly urging me to buy long-term-care insurance (before September,
when Genworth is raising its rates).
My mortgage is paid off (home value: $325,000). My investments
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The Washington Post, August 26th, 2007
Ken Hausman and his partner, Deane Bergsrud, have been together for 27
years, and like many couples their age, they're thinking ahead to
retirement. They both have 401(k) plans at work and individual
retirement
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The New York Times, August 24th, 2007Using virtual reality goggles, a camera and a stick, scientists have
induced out-of-body experiences — the sensation of drifting outside of
one’s own body — - in healthy people, according to experiments being
published
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CNN, August 24th, 2007Many older Americans routinely engage in vaginal intercourse, oral sex
and masturbation, a landmark study into a long-taboo subject reported
Wednesday. "From a societal perspective, I would say that old people are young
people
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The Motley Fool, August 24th, 2007You can't plan for everything. But with some foresight, you can plan for the important things in life.
The basics of retirement planning are pretty simple. Put aside part
of everything you earn, and then invest it.
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Reuters, August 24th, 2007Despite early criticisms, the
Medicare Part D prescription drug plan has succeeded in
boosting drug coverage among older Americans, especially for
those who need it most, according to a University of Michigan
analysis.
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The Street, August 23rd, 2007
If you haven't considered long-term care insurance yet, this might be a
good time -- and not just because health care costs are spiraling. More
and more states are developing long-term care partnership programs that
make
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Earthtimes.org, August 23rd, 2007With
the introduction of several new product and pricing options, there has
never been a better time for seniors to consider a reverse mortgage. In
the first half of 2007, the industry has seen a flurry of new, lower
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The Washington Post, August 20th, 2007Medicare is changing its coverage so that it will no longer pay for
hospital incidents that could have been prevented, according to theNew
York Times.These conditions were caused by negligence or
improper medical
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Marketwire, August 21st, 2007The Life Insurance Settlement Association
published a graphic representation of the life settlement process. "This
is our effort to clear up some of the mystery and misinformation
surrounding the process so that everyone
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The Motley Fool, August 22nd, 2007 ACCORDING TO the 2006 Retirement Confidence Survey,
more than half of American workers have saved less than
$50,000 for retirement.
Let's say you're a typical 40-year-old
working American, with $20,000 socked away
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Health Day News, August 21st, 2007A vaccine designed to combat
a protein implicated in Alzheimer's disease has proven effective in mice,
U.S. scientists say.Abnormal tau protein accumulates into damaging tangles in the memory
center of the brains of
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Reuters, August 21st, 2007Home foreclosures rose 9 percent in
July from June and soared 93 percent from a year ago as states
that once enjoyed a white-hot housing market are now seeing the
greatest number of loan failures, a real estate survey reported
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Associated Press, August 20th, 2007Wall Street pulled back sharply Monday as investors grew pessimistic
over whether the Federal Reserve's efforts to shore up the credit
markets would prove sufficient. Treasury prices surged as investors
sought a safer
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Investor Daily, August 20th, 2007Australia's first life settlement fund has rocketed in the past four
months to become one of the largest of its type in the world with funds
under management (FUM) of half a billion dollars. The Life Settlements Wholesale
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The Wall Street Journal, August 19th, 2007Our column last month about the aftermath of changes
Congress made in early 2006 in the rules for qualifying for Medicaid
assistance for long-term care -- and ways to hold on to a home or other
assets -- generated
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Best Syndication, August 13th, 2007Home equity is the difference between what your home is worth and
the amount you owe on it. For most homeowners their home is their
biggest asset and it usually represents a treasure trove of cash. In
2005 the value
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New York Daily News, August 13th, 2007Lynne Mulhall was surprised by a postcard that warned her about a
potential issue with some of her annuities. "As far as I know, I don't
have any annuities. But you never know," the New Jersey woman wrote.
"Dear
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The New York Times, August 13th, 2007Time was you could tell the urban refugees in places like this:
corporate achievers who quit the rat race to open a bed and breakfast
or a candle shoppe.Jim Moylan represents a new tribe in this bucolic mountain
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Pensions & Investments Online, August 3rd, 2007Standard & Poor’s 500 company pension plans, in aggregate, were
101% funded at the end of 2006, while the latest data from the public
defined benefit system show it to be 86% funded, according to
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Marketplace, August 3rd, 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
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Bowie-Blade News, August 2nd, 2007Since the passage of the 2006 Deficit Reduction Act
with its changes in Medicaid eligibility rules, it is more important
than ever for thoughtful people to consider and reconsider the purchase
of long-term care insurance.
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Marketwatch, August 2nd, 2007"Market investors seeking safety from the subprime fallout bought
Treasury securities, pushing bond yields down and allowing mortgage
rates to drift a bit lower," said Frank Nothaft, Freddie Mac chief
economist, in a news
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