NewRetirement Retirement News Digest : March 2008 - Posts
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NewRetirement Retirement News Digest

Browse the news below to learn about important developments shaping retirement.

March 2008 - Posts

Women will drive boomer retirement
InvestmentNews, March 31, 2008By now you are probably tired of hearing that baby boomers are going to change retirement. The fact is, they are. Yet despite all the talk, the financial services industry still remains mostly unprepared — largely because Read More
Declining Home Values - What Effect Will It Have On Reverse Mortgages?
HULIQ, March 28th, 2008Falling home prices are putting pressure on homeowners across the country. What do the declining home values mean to your Revere Mortgage or your chances of getting one.Many homeowners have seen their equity drop in the last year Read More
Most Older Americans Living Longer and Better
US News & World Report, March 27th, 2008Older Americans are living longer than ever and enjoying better health and financial security, a new report finds. Yet there continue to be lingering disparities between racial and ethnic groups. In 2006, Read More
U.S. Retirement Assets Grew Substantially in Last 10 Years, But Face a Challenging 2008
CNNMoney, March 27th, 2008Although recent market downturns are holding back asset growth, U.S. retirement plans have nearly doubled in value since 1997, research by Watson Wyatt Worldwide, a leading global consulting firm, has found. The 2008 Global Read More
Government benefit programs in trouble
Yahoo News, March 25h, 2008Trustees for the government's two biggest benefit programs warned Tuesday that Social Security and Medicare are facing "enormous challenges," with the threat to Medicare's solvency far more severe.The trustees, issuing a once-a-year Read More
Reverse Mortgage Counseling Industry Leaders Announce Launch of National Housing Counseling Association
BusinessWire, March 24th, 2008A coalition of reverse mortgage counseling agencies and elder care experts announced today a collaboration to launch the National Housing Counseling Association (NHCA). NHCA will act as Read More
Gap in Life Expectancy Widens for the Nation
The New York Times, March 23rd, 2008New government research has found “large and growing” disparities in life expectancy for richer and poorer Americans, paralleling the growth of income inequality in the last two decades. Life expectancy for the nation Read More
Generation Mortgage Adopts Policy to Safeguard Seniors From Buying Unsuitable Financial Products with Reverse Mortgage Proceeds
Trading Markets, March 21, 2008Generation Mortgage Company(TM), an Atlanta-based company specializing solely in providing reverse mortgages to qualified seniors, today announced a set of policies and procedures which apply to purchases of other financial Read More
When Should Married Men Claim Social Security Benefits?
Center for Retirement Research at Boston College, March 2008Most married men claim Social Security benefits at age 62 or 63, well short of the age that maximizes the expected present value of the average household’s benefits.  That many married Read More
Are You Rich?
Barron's Online, March 18th, 2008How much of a nest egg do you need to join the true elite? The tool-and-die man figured he was retiring rich. After selling an Arizona business that he'd built up over 30 years, he retreated to a 30-acre spread on the Read More
More to reverse mortgage warning?
InvestmentNews, March 17th, 2008In the wake of Finra's strong warning to investors last week about the dangers of reverse mortgages, advisers are wondering whether the Financial Industry Regulatory Authority Inc. has more up its sleeve.The New York- Read More
Rescue Me: A Fed Bailout Crosses a Line
The New York Times, March 16th, 2008WHAT are the consequences of a world in which regulators rescue even the financial institutions whose recklessness and greed helped create the titanic credit mess we are in? Will the consequences be an even weaker Read More
Are the Grandkids Worth the Money?
The New York Times, March 14th, 2008Arresting global warming won’t come cheap. Europe and Japan are already spending billions to meet the modest carbon emission cuts that they agreed to in Kyoto 10 years ago. And according to a recent United Nations Read More
A reverse mortgage requires sound advice
Baltimore Sun, March 2nd, 2008Foreclosures are up, and it looks like they won't be coming down anytime soon. Troubled homeowners have a few options to stave off foreclosure, and Congress is looking at creating others. But older homeowners, age 62 and Read More
Retiree couple needs $225K for medical
Yahoo News, March 5th, 2008A couple retiring this year will need about $225,000 in savings to cover medical costs in retirement, according to a study released Wednesday by Fidelity Investments.The figure, calculated for a couple age 65, is up 4.7 percent Read More
Caught unaware: Five not-so-common retirement planning traps/tips
Marketwatch, March 6th, 2008Many a financial firm would have you consolidate all of your IRAs into one account with one firm. Trouble is, there' is a big trap waiting for those who want to roll over their IRA from one place to another. Read More
Going to the Company Elders for Help
The New York Times, March 10th, 2008On a recent Saturday afternoon, John Toppel, a retired Hewlett-Packard sales manager, did not spend his leisure time golfing or mowing the lawn. He spent it at a local electronics store extolling the virtues of H.P. Read More
Buffett’s State of the World: There’s Folly in Wonderland
The New York Times, March 1, 2008The billionaire investor Warren E. Buffett disclosed Friday that he had earned profits for shareholders of Berkshire Hathaway by speculating in the Brazilian currency, the real, and by buying a large stake in a French Read More
Despite Costs, More People Raid 401(k)s for Cash
The Wall Street Journal, February 28th, 2008 Financially stretched workers are increasingly breaking into their retirement accounts to get cash. Over the past couple of decades, the 401(k) account and its brethren Read More
Tapping Into Homes Can Be Pitfall for the Elderly
The New York Times, March 2nd, 2008Erika Baker was 67 years old, divorced and worried about her job when a saleswoman showed up at her door in late 2006. A reverse mortgage, the saleswoman explained, would give Ms. Baker instant access to hundreds Read More
Study finds dogs, robots cheer elderly
The Associated Press, February 29th, 2008Dogs may have a hard time wrapping their paws around this one: Robotic competition is nipping at their heels in the man's-best-friend department. A study by Saint Louis University found that a lovable pooch Read More
 
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