May 2009 - Posts
Bloomberg, May 29th, 2009Assets in U.S. variable annuities
declined 5.4 percent in the three months ended March 31 as stock
markets plunged and savers scaled back purchases.
Total assets were $1.07 trillion at the end of the first
quarter
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Chicago Tribune, May 27th, 2009Arlington Heights Police Officer Doug Hajek is a connoisseur of scams that target the elderly.One
currently making the rounds involves someone who pretends to be a
grandchild stranded in Canada and needs money wired for
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The National Center for Policy Analysis, May 27th, 2009Many people assume Medicare will cover most of their health care
costs when they retire, and that Medicaid, the health care program for
the poor, will cover them if they need nursing home care.
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The New York Times, May 20th, 2009The deficit at the federal agency that guarantees pensions for 44
million Americans tripled in the last six months to a record high,
reaching $33.5 billion, largely as a result of surging bankruptcies
among companies
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The New York Times, May 19th, 2009The New York attorney general, Andrew M. Cuomo,
sued two large debt settlement companies Tuesday, saying they had
engaged in fraudulent and deceptive business practices and false
advertising. The suits seek to
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CBS News, May 17th, 2009John Bauer was a high school teacher in Michigan before retiring to
Asheville, and getting a part-time job as a tour guide at the Biltmore
Estate.
"Why do I wanna keep on teaching when I can retire financially and I can try
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Marketwatch.com, May 13th, 2009
BOSTON (MarketWatch) -- Make no mistake: A dollar doesn't go as far as
it used to. That's true for all Americans, but the loss of purchasing
power is especially insidious for Americans aged 62 and older. This
group
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The New York Times, May 11th, 2009One of the most contentious issues in the Congressional debate over
health care reform is over whether to create a new public plan to
compete with private insurers. Senator Charles Schumer of New York is
making strenuous
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Yahoo News, May 13th, 2009The financial health of the government's two biggest benefit
programs may have slipped over the past year, reflecting the deep
recession that has already bitten into other areas of the budget.The
trustees for Social Security
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The New York Times, May 11th, 2009Re “Schumer Points to a Middle Ground on Government-Run Health Insurance” (news article, May 5): Republican “moderates” who oppose the public option in President
Obama’s health care reform plan are concerned that insurance
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Boston Globe - May 8th, 2009I read with great interest your column about spending in retirement but
want to understand you completely. Specifically: If I withdraw $4,000
for every $100,000 invested, and increase that amount by 3 percent each
year to
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DM News - May 7th, 2009In a letter to a key House subcommittee chairman, US Postmaster
General John Potter again pressed his case for Congressional action on
proposed legislation that would reduce the agency's out-of-pocket costs
for retiree health
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The New York Times - May 1, 2009
RETIREES everywhere whose savings have shriveled in the credit crisis are turning to reverse mortgages to meet their expenses — and in places like Westchester County, where high property taxes also weigh heavily on their
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The New York Times - April 30, 2009
The Senate handed a victory to the banking industry on Thursday, defeating a Democratic proposal that would have given homeowners in financial trouble greater flexibility to renegotiate the terms of their mortgages.
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