March 2008 - Posts
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
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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
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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,
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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
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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
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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
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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
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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
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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
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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
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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-
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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
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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
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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
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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
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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.
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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.
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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
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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
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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
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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
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