August 2008 - Posts
Wall Street Journal - August 30, 2008
I've been told by an adviser that I could pull one amount out of my 401(k) to get me to age 59½ without the penalty. Is this correct? I'm retiring at the end of this year and will only be 58 in November.
--Dave
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The Herald - August 31, 2008
"Some people will say reverse mortgages are absolutely too expensive while others will tell you they are the greatest deal on earth. What all the years of talking to seniors about reverse mortgages has taught me is that you
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MarketWatch - February 27, 2008
SAN FRANCISCO (MarketWatch) -- Many people start their Social Security benefits early -- at age 62 -- because they embrace the adage that a bird in the hand is worth two in the bush. It turns out that sometimes
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CNN - August 27, 2008
More banks are in trouble according to the FDIC. Is your bank next on the list? Here’s what to look out for.
1) Get the numbersThe FDIC reported that the number of banks on the “problem bank” list grew to 117 during the second
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US News & World Report - August 26, 2008
Many financial advisers tell clients to make long-term savings estimates for retirement. In theory, this encourages workers to save and invest on a consistent basis. But a new series of studies found that
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Newsday - August 23, 2008
'The best-laid plans of mice and men often go astray," Robert Burns wrote.Two centuries hence, the great Scottish poet could easily have been referring to the plight of many men and women soon after embarking on retirement.
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Courant - August 24, 2008
Brother, can you spare some of your 401(k)?Few people are saving enough for their own retirement, yet many say they are concerned they'll have to help support siblings as well as aging parents in the coming years, a study
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Source: Mass OCABR
Reverse Mortgage Loans: What Borrowers Need to Know
Approved Reverse Mortgage Lenders and Loan Programs
Other Helpful Resources
Industry Guidance on Reverse Mortgages
Professional Financial Advisors: Find
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MSNBC - August 19, 2008
LANSING, Mich. - AARP, the national advocacy group for older Americans, is being accused of age discrimination.
Bonita Brady, a 63-year-old from Michigan, says the group passed her over for a series of jobs because she was too
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The New York Times - August 16, 2008
MANY older adults looking to extract cash from their homes have recently turned to reverse mortgages, rather than take on new monthly debt through second mortgages or home equity lines of credit. But these transactions
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US News and World Report - August 18, 2008
The typical American retires at age 63. Those fortunate few who have traditional pensions, retiree health insurance, and a fully loaded 401(k) will probably be fine. But if you haven't saved enough to fund 30
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US News & World Report - August 18, 2008
The housing bill signed by President Bush on July 30 raises the amount seniors can borrow using federally backed reverse mortgages and lowers the cost of getting the cash. But aging experts say you should
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CNN - August 18, 2008
Washington policy makers and housing industry insiders hope a new tax credit for first-time home buyers will get the moribund housing market moving again.
But most analysts agree that the program is more of a band-aid than a cure-all
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The New York Times - August 16, 2008
If you have just retired or are about to retire, your timing could not be worse.
Leaving the work force just as markets stumble can do real damage to retirement savings. Your nest egg has shrunk just as you need
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The New York Times - August 14, 2008
That catchy slogan, dreamed up by the Fallon Worldwide advertising agency, was pitched in 1999 to executives at Citicorp who were looking for a way to lure Americans to financial products like home equity loans.
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Forbes - August 14, 2008
Tax planning for the efficient transfer of the business cannot be done in a vacuum. There are a multitude of tax considerations to keep in mind when attempting to quantify the tax costs involved in the business transfer.
Certain
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US News & World Report - July 8, 2008
It's been a rough year for retirees—and those eyeing retirement. Crashing stocks have slammed retirement account values. Falling house prices are shuttering dreams of selling the big family home, buying a less
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MarketWatch - August 4, 2008
RALEIGH, N.C., Aug 04, 2008 (BUSINESS WIRE) -- State Employees' Credit Union (SECU) is pleased to announce a consumer-friendly reverse mortgage designed to help senior members utilize the wealth in their homes in
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Kipinger - August 4, 2008
When trying to figure out who benefits from the new housing law, don't forget to count seniors who are in the market for a reverse mortgage. These mortgages let seniors convert some of their home equity into a stream of income,
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San Francisco Gate - August 1, 2008
Not so long ago I was at my father's house, and I heard him on the phone, arranging a visit with someone. When he hung up, I inquired about who he was making plans with.
"A very nice guy who called me," he told me.
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The Wall Street Journal - August 2, 2008
I recently filed for full-retirement-age benefits from Social Security. My current wife and I discovered that my former wife also had filed based on my benefits. We were told by Social Security that she had done
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