April 2008 - Posts
The Slate.com, April 15, 2008Subprime was just the beginning. Wait until California's prime borrowers start handing their keys to the bank.California is to mortgage lending what Chicago is to pork bellies.
For years, that meant it was a place with soaring
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NYTimes, April 20th, 2008CONVENTIONAL wisdom recommends that investors start with a high
allocation of stock in their portfolios when they are young and reduce
it as they approach retirement.
That makes intuitive
sense: In your 20s, you may
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NY Times, April 21st, 2008EVEN for people who have built up a decent nest egg, deciding how to
use it is one of the demands of early retirement. The good life may be
within reach, but the financial logistics still require careful
attention.
“We were
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NYTimes, April 21st, 2008WITH his longtime New York
City estate and business law practice winding down, Robert Rubinger was
ready to retire five years ago, at age 76. But his wife, Nancy, who was
then 66, was not.
Ms. Rubinger had started working
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NYTimes, April 21st, 2008EDWARD M. HOUGHTON, a human resources executive at Pitney Bowes,
was sick of traffic jams and unpredictable hours. Bina Kozak, who
matches patients to cardiologists at a Scripps Health clinic in San
Diego, wanted to volunteer
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HeraldNet, April 20th, 2008The soft national housing market and chaotic mortgage environment have
sent lenders and investors back to the drawing board in an effort to
come up with new ideas and produce an alternative to corral new
business.The latest
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MSNBC, April, 21st, 2008But with M.D. endorsements, is the field more credible — or risky?For thousands of years, magicians, alchemists,
even a few fringe medical practitioners have fueled an unbounded
optimism that we can blunt the ravages of time,
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L.A. Chronicle, April 20th, 2008Many seniors have taken out a reverse mortgage and are enjoying the
benefits of receiving cash from the equity in their home. However, many
still find, for various reasons, that the money they receive is still
not enough.
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Delaware Online, April 20th, 2008Plan may be solution for older borrowers whose assets are dwindling, but experts say beware.Jane DelSordo has been so happy with her reverse mortgage from WSFS Bank that she agreed to appear in the bank's newspaper ads.The
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Yahoo News, April 18th, 2008It turns out the golden years really are golden.
Eye-opening new research finds the happiest Americans are the
oldest, and older adults are more socially active than the stereotype
of the lonely senior suggests. The two
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The New York Times, April 15th, 2008Few products are hated as much as hearing aids.
The devices can squeal with feedback and overamplify background
noises like the click of a turn signal or whir of a ceiling fan. They
must be removed for showering
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Yahoo News, April 14th, 2008Millions of baby boomers are about to enter a health care system for
seniors that not only isn't ready for them, but may even discourage
them from getting quality care.
"We face an impending crisis as the growing number
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George Soros, originally published on FT.com (January 23rd, 2008)The current financial crisis was precipitated by a bubble in the US
housing market. In some ways it resembles other crises that have
occurred since the end of the second world war
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Post-bulletin, April 12th, 2008A recent Wachovia survey reported that more than half of female
respondents ''feel worried'' when they think about being prepared for
retirement. Below is a list of a few things you can do to ensure that
your retirement
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The Washington Post, April 10th, 2008
Fewer American workers are confident that they will have enough money
to retire comfortably, according to a survey released yesterday.
The percentage of workers who said they were very confident about
having
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The New York Times, April 10th, 2008As a professor of computer sciences at Carnegie Mellon University,
Randy F. Pausch expected students to pay attention to his lectures. He
never expected that the rest of the world would listen, too.
But today, more
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LA Chronicle, April 8th, 2008As the baby-boomers prepare for retirement reverse mortgages are going
to be the next mortgage boom according to most analyst. The baby boom
began in 1946 and continued through 1964. During those 19 years, 76
million
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Kiplinger, April 8th, 2008
When you shop for a reverse mortgage, lenders must give you the total
annual loan cost (TALC), the equivalent of an annual percentage rate.
But this doesn't reflect how your pattern of withdrawals will affect
your total
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NuWireInvestor, April 7th, 2008Homeowners can get cash out of their homes using equity, not debtTraditionally, homeowners have converted their home equity into cash
through debt-financing instruments such as home equity loans and
reverse mortgages.
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Reverse Mortgage Daily, April 6th, 2008 At the end of March HUD issued Mortgagee Letter 2008-8
to provide guidance to lenders who are offering the HECM fixed
product. There was confusion on the product which lead to most lenders
requiring 100%
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The New York Times, April 6th, 2008NORMALLY, St. Jakob’s Hall here is home to soccer tournaments or the
occasional hockey game. But on a sunny morning in February, the stadium
offered a corporate face-off every bit as contentious as any athletic
event.
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FoxBusiness, April 2nd, 2008A survey of 213 homeowners who have
received reverse mortgage loans found that the number one reason for the loan
is to pay for daily living expenses. Only 3% say they used the funds from a
reverse mortgage loan to take
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North Country Gazette, April 2nd, 2008Editor's Note: It has been and remains the position of
NewRetirement.com that the decision to purchase any financial product should be made in consultation with accredited advisors or councelors.TALLAHASSEE,
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PR Newswire, April 1, 2008Nearly One Quarter of Affluent Americans Find Retirement Planning DifficultAt a time when the need for retirement planning has never been greater
for individuals and families, a major roadblock exists for many
Americans around
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The Wall Street Journal, April 1, 2008Nest Eggs Shrink, Deferring Dreams; 'Freaked Out' EliteAs the falling real-estate and stock markets erode their savings, many
aging Americans are delaying retirement, electing labor over leisure in
uncertain times.A
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CBSNews, March 31, 2008Older Americans are living longer, and with more money, than previous
generations, according to a new government report on aging.
The report, Older Americans 2008: Key Indicators of Well-Being, comes from the Federal Interagency
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