February 2008 - Posts
Center for retirement research at Boston College, February 2008As the baby boomers begin to retire, a great deal remains unknown about
the evolution of wealth toward the end of life. In this paper, we
develop a new measure of household resources that
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Center for retirement research at Boston College, March 2008Income tax provisions affect the buildup of retirement assets during
workers’ careers and after-tax income following retirement. This paper
uses the Urban Institute’s DYNASIM model to
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Center for retirement research at Boston College, December 2007
The official poverty measure in the United States fails to reflect
modern day economic resources and spending needs. The official measure
is based only on cash income and does not
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The Union Leader, February 27th, 2008Reverse mortgage loans will no longer be counted as income for older
residents seeking municipal tax breaks, the town's chief financial
officer said yesterday.Last year, 15 residents 65 or older were
denied exemptions
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The New York Times, February 26th, 2008Houses are getting cheaper by the month. Everything else is becoming more expensive.
Several economic reports released on Tuesday provided fresh evidence
that the economic pain of a prolonged slump in housing is
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The Atlantic Online, February 23rd, 2008It is cliché to speak of sleepy little
country towns, but my mother’s hometown goes beyond sleepy into Rip van
Winkle territory. Newark, New York, has more churches than bars. Neat
clapboards and stately Victorians
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Fox Business, February 22nd, 2008With today’s retirees living longer than expected, many of them are
turning to other sources of income in their golden years. A buzzword
among many seniors is “reverse mortgage,” though critics say they’re
often too
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The Memphis Daily News, February 22nd, 2008For
more than 30 years, David Sorin owned and operated barbecue
restaurants. Also during that time, he worked as a consultant, helping
other people get their businesses up and running.Most recently, the 65-year-old
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The New York Times, February 22th, 2008WASHINGTON — Prodded in part by some of the nation’s biggest banks, the
Bush administration and Congress are considering costly new proposals
for the government to rescue hundreds of thousands of homeowners whose
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The New York Times, February 21th, 2008HAUPPAUGE, N.Y. — The men gathered in a new golf clubhouse here a
couple of weeks ago circled the problem from every angle, like caddies
lining up a shot out of the rough. “We have to change our mentality,”
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CNNMoney, February 10th, 2008Retirees short on savings can benefit from these complicated loan products where the bank pays you.Mortgage payments sucking you dry? Boomers short on retirement
savings may have another option: reverse mortgages. Can these
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The Palm Beach Post, February 18th, 2008Now that the subprime mortgage business has
crashed, many lenders are reviving their incomes by persuading older
homeowners to take out reverse mortgages.
Many retirees report being pleased with their reverse
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The New York Times, February 19th, 2008Living past 90, and living well, may be more than a matter of good
genes and good luck. Five behaviors in elderly men are associated not
only with living into extreme old age, a new study has found, but also
with
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MSNBC, February 19th, 2008Five things to consider before you (or your parents) join the frenzyDoesn't it seem like every time you turn on
your television or open your newspaper, you see an advertisement for a
new financial product? The industry is constantly
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The Washington Times, February 19th, 2008More Washington-area residents
are turning to reverse mortgages for retirement income as traditional
sources of credit grow scarce.
In the D.C. area alone, the number of home-equity conversion
mortgages (HECMs),
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Yahoo News, February 12th, 2008CHICAGO - Living to 100 is easier than you might think. Surprising
new research suggests that even people who develop heart disease or
diabetes late in life have a decent shot at reaching the century mark.
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The Wall Street Journal, February 5th, 2008As the first wave of baby boomers hits retirement age,
life overseas beckons. But be warned: Retiring abroad can have its
logistical headaches.
Many of today's graying expatriates are heading
permanently
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BusinessWeek, February 5th, 2008
As Washington policymakers struggle to keep the U.S. out of recession,
the swirling confusion over the housing market is making their job a
lot tougher. Will American consumers keep shopping or be forced to pull
back?
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The New York Times, February 5th, 2008For more than half a century, Americans have proved staggeringly resourceful at finding new ways to spend money.In the 1950s and ’60s, as credit cards grew in popularity, many
began dining out when the mood struck
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