January 2009 - Posts
Social Security Online - January 2009
Michael J. Astrue, Commissioner of Social Security, and Patty Duke, Academy Award, Golden Globe and Emmy winning actress, today unveiled Social Security’s new online retirement application and launched the agency’s
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The Wall Street Journal - January 25, 2009
As the credit crisis has worsened, more seniors have turned to federally insured reverse mortgages to tap home equity and, in some cases, to prevent foreclosure.
While still a very small share of the borrowing
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The New York Times - January 24, 2009
In recent months, one particular event has instilled fear and even panic in households across the nation: the arrival of the 401(k) statement. Those who can bring themselves to open the envelope or click on the e-mail
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US News & World Report - January 23, 2009
President Obama plans to strike a new Social Security and Medicare "bargain" with the American people, he told the Washington Post last week. "What we have done is kicked this can down the road. We are now
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Center for Retirement Research at Boston College - January 20, 2009
With the economy sliding ever deeper into recession, questions arise about how older workers are faring and how their fate relative to younger workers compares to the past. The
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San Francisco Chronicle - January 18, 2009
It's time for Uncle Sam to be the ultimate activist investor.
Because the government has poured more than $200 billion in taxpayer money into financial companies and more may be on the way, little discipline
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Forbes - January 16, 2009
Missouri's treasurer says the state's retirement account is among thousands of investors and financial institutions entangled in an investment scheme.
Bernard Madoff, the former chairman of the Nasdaq Stock Market (nasdaq:
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Chicago Tribune - January 18, 2009
Typically, credit cards aren't the first things that leap to mind when you think about retirement.But many people saving for retirement are cutting back on contributions to their accounts these days. And many retired
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Orlando Business Journal - January 16, 2009
Consumer Credit Counseling Service of Greater Atlanta and Consumer Credit Counseling Service of Central Florida & The Florida Gulf Coast have merged.
The agencies provided credit, housing and bankruptcy
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http://www.originatortimes.comOriginator Times - January 13, 2009
Despite turmoil in the broader mortgage market, data released in December by the Department of Housing and Urban Development shows that on a calendar year basis, the number of federally
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Investors - January 15, 2009
New federal rules, a tough housing market and devalued retirement investments will likely spur more seniors to consider reverse mortgages.
They'll get some welcome financial flexibility, but with some risk.
These Federal
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The New York Times - January 14, 2009
As home values across the country continue to plummet, the authorities say a new breed of swindler is preying on the tens of thousands of homeowners desperate to avoid foreclosure.
Until recently, defrauders tried
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Consumer Reports - January 2009
When bad investments happen to good people, there's only one thing to do short of weeping: Turn to Plan B. That's where most of us are now. We're viewing the shards of our broken retirement nest eggs and making choices
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The New York Times - January 13, 2009
At the International Consumer Electronics Show in Las Vegas, I stepped onto an ordinary-looking white bathroom scale. The scale sent a signal via Bluetooth to a control box, which read my weight aloud.
It was my
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The Press - January 12, 2009
In the wake of big investment losses, many Americans have turned to “Plan B” to strategize and rebuild their retirement nest egg, according to Consumer Reports’ latest retirement survey. There is a lot of ground to
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Rueters UK - January 8, 2009
The market for reverse mortgages, which allow older Americans to borrow against their homes while living in them, is growing fast but advocates for aging Americans say they should only be used in specific instances.
While
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Chicago Tribune - January 11, 2009
With more companies cutting their retirement plan matches and implementing pay freezes, 2009 is shaping up to be a bad year for the nest egg.The Pension Rights Center counted about 20 major corporations in December
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US News & World Report - January 9, 2009
Conventional wisdom holds that the retirement we will have is a function of how well we planned for it. But a new survey found that Americans who have done some planning for retirement reported worse losses,
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The Washington Post - January 11, 2009
The miserable stock market has wreaked havoc not only on your personal portfolio but also on your company's pension fund. The pension plans of the companies in the Standard and Poor's 500-stock index were underfunded
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Reuters - January 6, 2009
Older Americans are spending less on entertainment and restaurant meals as the recession forces them to focus on paying for essentials such as food, gas and medicine, a survey released on Tuesday said.
A survey of Americans
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ABC15 - January 9, 2009
Have you thought about taking cash from your credit cards or home equity? How about liquidating your retirement savings? According to Bankrate.com, these are all bad decisions people are most likely to make in 2009.
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Google News - Jan 2, 2009.
The safety net is almost gone, the nest egg is cracking.
Many Americans have recently found themselves changing retirement plans after losing a substantial amount of home equity as the housing market and the overall U.S.
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Yahoo News - January 6, 2009
The Social Security Administration, envisaging the near-future prospect of 10,000 baby boomers applying for benefits every day, has put together a new online service that will allow people to get their benefits without ever
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The Wall Street Journal - December 22, 2008
Older Americans who banked on selling their homes to finance care in assisted-living facilities and retirement communities have seen their dreams go up in smoke amid the housing-market bust. At the same time,
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Christian Science Monitor - December 22, 2008
As families gather to celebrate Christmas this week, money could be an unpleasant subject, given pronounced declines in real estate and stock markets. But now more than ever, families should use this as an
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