September 2008 - Posts
TIME - September 30, 2008
The Administration and Congress have felt compelled to do something about the "financial meltdown," so an inefficient and inequitable "bailout plan" has been rushed through the legislature despite harsh criticism from the right
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The New York Times - September 27, 2008
IN some bazaars, vendors call out their prices, lowering them on the spot as they vie with one another for a shopper’s business.
That’s the kind of competitive selling — and possible good deals for shoppers —
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CNN - September 26, 2008
It's a scary time for bank customers. But most accounts are safe. Here's what you need to know.
Bank failures are scary - especially during these times of economic distress.
Washington Mutual, once the nation's largest thrift
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The National Examiner - September 23, 2008
The bad news is that current Wall Street jitters are making some Baby Boomers rethink how and when they are going to retire.
Ironically, in some people's minds, that's the good news too. Baby Boomers should
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The Wall Street Journal - September 19, 2008
Even when one's investments are flourishing, facing retirement is stressful. But retiring during a bear market is not only significantly more nerve-wracking -- it's also a lot more delicate. A bad move now
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The New York Times - September 22, 2008
Older Americans with investments are among the hardest hit by the turmoil in the financial markets and have the least opportunity to recover.
As companies have switched from fixed pensions to 401(k) accounts,
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US News & World Report - September 22, 2008
Falling housing prices can make it almost impossible to get out from under a mortgage you can no longer afford. A new AARP Public Policy Institute analysis says depressed home values are hitting baby boomers
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The New York Times - September 19, 2008
Every piece of your financial life involves at least a bit of risk. What made this week extraordinarily rare, and so terribly frightening, was that all of the threats were on display at once.
Sure, investing
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The New York Times - September 19, 2008
It was the end of the worst week for financial markets since 1929, and Treasury Secretary Henry M. Paulson Jr. looked sleep-deprived.
He had begun the week agreeing to let Lehman Brothers go bankrupt, arguing
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Post Crescent - September 16, 2008
A day after stocks tumbled farther than they had since after the terrorist attacks of Sept. 11, 2001, consumers were left to wonder about the effects, particularly on 401(k) retirement accounts.
The fall of two New
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The New York Times - September 16, 2008
WASHINGTON — Late last week, as Lehman Brothers was collapsing, an all-star group of economists was meeting here to ponder the lessons of the financial crisis. The group included Donald Kohn, the vice chairman
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The Washington Post - September 13, 2008
When an investor offers you $50,000 or $100,000 in exchange for 30 percent to 50 percent of your home's future appreciation, is it a good deal?
That's what some investment firms are promoting as an alternative
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Newsday - September 13, 2008
This week's column is devoted to the details of recently passed legislation that most of the press missed or ignored. For there is good stuff of special importance for aging Americans. For example, the press gave good coverage
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CNN Money - September 15, 2008
Question: I’m a 50-year-old woman who has yet to set up any retirement fund. I have $5,000 that I can invest now to get started, and I may be able to invest another $1,000 to $2,000 every quarter. But I wonder whether this
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The Washington Post - September 16, 2008
The stunning events rattling the financial markets are raising a lot of questions about the average person's finances. We talked to several experts to find some answers.
Q What if I have a life insurance policy
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Market Watch - September 11, 2008
The REX(TM) Agreement is a safe, debt-free alternative that allows homeowners in high-value markets to tap their home equity without interest charges or monthly payments
For anyone keeping score, the list of mortgage
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ABC News - September 8, 2008
Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration is seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.
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CNN Money - September 10, 2008
Moshe A. Milevsky is a math whiz who trains his brainpower on retirement planning. His view: Success comes to those who hedge their bets.
Money Magazine) -- The classic vision of retirement planning goes something like
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Forbes - September 9, 2008
What did the rise and fall of home values do to retirement security for people in their 50s and early 60s?
The Center for Retirement Research at Boston College studied the issue and found that homeowners tended to act
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American Association of Retired Persons
The candidate was asked to check either the support or oppose boxes.
Supports
Oppose
The candidate chose not to mark a box
Priorities
I commit to help end gridlock by working across party lines
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US News & World Report - September 3, 2008
Seniors can borrow more at a lower cost
Tapping home equity to finance your golden years is a strategy that's growing in popularity. The housing law signed by President Bush this summer raises the amount
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Consumer Affairs - September 2, 2008
Seniors face big risks and costs
As retirement approaches for baby boomers, or as more and more of their parents are stuck in homes they can't or won't sell, a growing number of Americans are considering reverse
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Center for Retirement Research
House prices rose 60 percent between 2000 and 2007 before the housing bubble burst. The question is whether the housing boom made people better or worse prepared for retirement. If they extracted the equity from their home
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MSNBC - September 1, 2008
Number of Americans staying employed in their 60s and beyond is on rise
CHICAGO - Americans are changing the game plan for retirement, with millions laboring right past the traditional retirement age and working into their
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