NewRetirement Retirement News Digest : September 2008 - Posts
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NewRetirement Retirement News Digest

Browse the news below to learn about important developments shaping retirement.

September 2008 - Posts

Let Risk-Taking Financial Institutions Fail
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 Read More
Do I Hear 4%? On This Site, Banks Bid for Your Cash
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 — Read More
Troubled banks 101
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 Read More
Wall Street jitters force Baby Boomers to rethink retirement
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 Read More
Professional Financial Advisors: Find out what a financial advisor can do for you at NewRetirement.com.
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 Read More
More to Fear in World of Retirees
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, Read More
Study: Falling Housing Prices Are Jeopardizing Retirement Security
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 Read More
Minimizing Your Own Exposure to Risks
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 Read More
Hoping a Hail Mary Pass Connects
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 Read More
Retirement accounts pounded as stocks sink
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 Read More
Perhaps, It’s Time to Play Offense
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 Read More
These Home-Equity Loans Come With Big Risks
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 Read More
Reverse mortgages can be good deal for elderly
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 Read More
Retirement saving is no gamble
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 Read More
What Market Tumult Means For Average Stakeholders
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 Read More
Jumbo Reverse Mortgages: The Great Disappearing Act of 2008
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 Read More
US Government Takes on Big Role in Mortgage Market
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. Read More
Retirement: Win the game of risk
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 Read More
Study: Impact of housing bubble on retirement
 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 Read More
AARP Voter's Guide Candidate Response - President
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 Read More
The New Rules on Reverse Mortgages
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 Read More
Getting a Reverse Mortgage: Smart Move or Something to Avoid?
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 Read More
The Housing Bubble and Retirement Security
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 Read More
What retirement? Many find they have to work
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 Read More
 
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