May 2008 - Posts
US News & World Report, May 27th, 2008As gas and grocery prices rise, some cash-strapped older workers are
rethinking plans to retire. Some 27 percent of older workers say they
are putting off retirement because of the recent economic slowdown,
Read More
Marketwatch, May 23rd, 2008IndyMac, Corus, UCBH under pressure as credit crunch slows economy.By April, Gary Holloway was almost three years into retirement.
He'd built a new home by a lake in Texas, bought a boat and was working
on his golf
Read More
New York Times, May 25th, 2008First thing every morning, Lynn Pitet, of Cody, Wyo., checks her
computer to see whether her mother, Helen Trost, has gotten out of bed,
taken her medication and whether she is moving around inside her house
hundreds of
Read More
CNN Money, May 21st, 2008The loans can help you tap the equity in your house. Just don't get tripped up by greedy salespeople.Last year, borrowers took out more than 132,000 reverse mortgages -
50% more than the year before and almost 10 times as many
Read More
New York Times, Mat 13th, 2008DR. PAUL D. THOMPSON, a 60-year-old marathon runner and chief of
cardiology at Hartford Hospital, stood in front of a medical audience
recently and began his talk with a story about himself.
“I’ve been lifting weights
Read More
New York Times, May 20th, 2008When older people can no longer remember names at a cocktail party,
they tend to think that their brainpower is declining. But a growing
number of studies suggest that this assumption is often wrong.
Instead, the research
Read More
CNN, May 20th, 2008Barbara Harvey climbs into the back of her small Honda sport utility
vehicle and snuggles with her two golden retrievers, her head nestled
on a pillow propped against the driver's seat.A former loan
processor, the 67-year-old mother
Read More
San Francisco Chronicle, May 20th, 2008Americans are worried that
they might not have enough money for retirement, as health care costs
rise and inflation erodes the value of their savings, according to a
survey released Monday.
The study sponsored
Read More
The Motley Fool, May 19th, 2008
Getting income for life and staying in your home as
long as you want sounds like the perfect combination. If you're
cash-strapped and having trouble making ends meet, a product that
promised a deal like that would
Read More
NYTimes, May 17th, 2008The stark truth about managing our money these days is that we are mostly on our own.
Few employers want us around for 40 years, so our income is likely
to have ups and downs and disappear altogether for brief periods
between
Read More
USAToday, May 16th, 2008Patty Stewart of Redlands, Calif., is beginning to think she won't be able to retire at 65. Or 67. Or possibly ever.
Like millions of other people, Stewart is
counting on her 401(k) and her home equity to pay for retirement.
Read More
BusinessWeek, May 13th, 2008In this roundup of B-school research: why women are better savers,
it's good to talk up your rivals, and how a logo can spark ideas.
Women are more motivated than men to save for retirement, according to a recent report from
Read More
CNN Money, May 13th, 2008Some 27% of American workers aged 45 and older are putting their retirement on hold, according to AARP survey.The economic downturn is hitting middle-aged and older American
workers hard, forcing more than one in four to postpone
Read More
MSNBC, May 13th, 2008AARP survey shows 40 percent are helping children with bills The economic downturn is hitting roughly one
in 10 middle-aged and older Americans especially hard, compelling them
to borrow money for everyday living expenses and to
Read More
Los Angeles Times, May 11th, 2008Reverse mortgages are one way for house-rich but cash-poor seniors to
tap into their equity without having to sell. But there are other
options to consider as well. A reverse loan is intended to
enable people 62 or
Read More
Chicago Tribune, May 11th, 2008Reverse mortgages are held out as an excellent way for house-rich,
cash-poor seniors to tap into their equity without having to sell and
move. And they may well be a good choice for some people. But they are
not the only
Read More
Los Angeles Times, May 11th, 2008
Despite extensive efforts to educate workers about saving for retirement, many employees are not doing a good job of managing their company-sponsored 401(k) accounts, a new study indicates.The analysis of nearly 1 million
Read More
NYTimes, May 9th, 2008
MATT Micuda was 12 in 1973 when he surfed for the first time. It was on a board that had come from a friend of the family — a Barry Kanaiaupuni model from Rick Surfboards that was made in 1968.
“I loved it immediately,” he said.
Read More
NYtimes, May 4th, 2008
The future of Americans’ pensions has not become a serious campaign issue so far this election season. It’s hard to get retirement issues to the front of the line when the nation faces soaring health care costs, global warming,
Read More
The Motley Fool, May 7th, 2008
We each have a vision of what we want from our retirement years. Mine involves a lot of travel, maybe on my own by sailboat or small plane, but always starting out from a friendly community of caring neighbors who swap
Read More
FoxBusiness, May 7th, 2008
Lower compensation and less time in workforce harms women's retirement security
Women are at a much higher risk than men of facing economic uncertainty in retirement and, on average, they'll enter retirement with considerably
Read More
NYTimes, May 4th, 2008
Virtually unnoticed during the primary season, the baby boom generation turned 62 this year and began to draw Social Security benefits. This heralded a milestone in America’s aging, and depending on which of the candidates you
Read More
NYTimes, May 3rd, 2008
When David Bunnell, a magazine publisher who lives in Berkeley, Calif., went to a FedEx store to send a package a few years ago, he suddenly drew a blank as he was filling out the forms.
“I couldn’t remember my address,” said
Read More
NYTimes, May 5th, 2008
Edie Gieg, 85, strides ahead of people half her age and plays a fast-paced game of tennis. But when it comes to health care, she is a champion of “slow medicine,” an approach that encourages less aggressive — and less costly —
Read More