June 2009 - Posts
St. Louis Post-Dispatch, June 30th, 2009Poor oversight of the fast-growing reverse mortgage industry leaves
older people vulnerable to scams and could burden taxpayers, U.S. Sen.
Claire McCaskill said Monday at a hearing on the federally insured
loans.
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National Public Radio, June 29th, 2009 With the recession squeezing wages and
holding back stock prices, millions of Americans are being forced to
rethink their plans for retirement, according to a new survey.Watson
Wyatt Worldwide Inc., a retirement
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Boston Globe, June 24th, 2009I have enough. I hope you find you do, too, when you consider what’s really important in your life.I’ve pondered the question of how
much is enough after receiving a perceptive e-mail from a reader and
review copies of two
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UPI, June 24th, 2009A comprehensive approach could slow healthcare cost increases in the
United Sates even while achieving near-universal coverage, an analysis
indicates.
However, the findings of The Commonwealth Fund study released
Wednesday reveal
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US News & World Report, June 17th, 2009Since the credit and housing meltdown largely removed private reverse mortgages from the market, home equity conversion mortgages
(HECMs)—federally insured reverse mortgages—have been growing steadily.
Now,
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The Washington Post, June 23rd, 2009President Obama today announced an offer by drug manufacturers to
contribute $80 billion over the next decade to narrow the controversial
gap in Medicare prescription drug coverage, a deal the president said
moves
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Yahoo News, June 23rd, 2009The world's 65-and-older population will triple by mid-century to 1
in 6 people, leaving the U.S. and other nations struggling to support
the elderly.
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The New York Times, June 19th, 2009But what should you do right now with the money you have left?
Should you wade back into the stock market, if you bailed out when the
market was plunging? Or if you watched your investments
drop and then recover a
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San Francisco Examiner, June 19th, 2009Over the past few
months, we have heard that Social Security and Medicare have been hit
hard by the current recession. The experts are warning that these funds
may be empty far sooner than previously expected.
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Reverse Mortgage Daily, June 19th, 2009California’s Senate Committee on Banking, Finance, and Insurance
passed a new version of AB 329 by a 9-2 vote on Tuesday and is being
referred to the Committee on Judiciary according to the Senate’s website.
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The New York Times, June 18th, 2009Louis Licata has shelved plans to hire three more employees for his
Cleveland law firm. Jeannie Macone, of Florida, is cutting back on
inventory for her trinket and home décor business. In Ohio, Patrick
Allen
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The Business Insider, June 17th, 2009So far, the collapse of the world economy since April 2008 has been
worse than the collapse in the Great Depression. One glance at the
fall world output, trade, and stock prices puts the recent "green
shoots"
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Marketwatch, June 16th, 2009If things weren't bleak before, they certainly are
now. Men and women retiring today will need truckloads of money to pay
for health-care expenses over the course of their retirement, according
to a new study.
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The New York Times, June 16th, 2009As many as 7 million Americans have long-term care insurance
policies, and many states confronting burgeoning deficits are urging
consumers to buy this type of insurance as a way to protect Medicaid
budgets. But at
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The New York Times, June 15th, 2009The banks
were bailed out last fall, the automobile companies last winter. For
Edward McClelland, a writer in Chicago, deliverance finally arrived a
few days ago.Mr. McClelland’s credit card
company was calling yet
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Yahoo Finance, June 12th, 2009Here's one segment of the mortgage market that's still hot:
federally insured reverse mortgages, which enable senior citizens to
take money out of their homes.In March and April, the number of
reverse mortgages backed
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The New York Times, June 9th, 2009There are two basic truths about the enormous deficits that the federal government will run in the coming years. The first is that President Obama’s
agenda, ambitious as it may be, is responsible for only a sliver of
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USA Today, June 5th, 2009Howard Weiss is 77 and scared.
This year, the semiretired distributor from Phoenix
ran into financial problems and stopped making his mortgage payments.
He was told his home was scheduled for a foreclosure auction in May.So
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Bloomberg, June 3rd, 2009Long-term care insurance may not be a
“cure-all” for the estimated 12 million Americans who will
require such care by 2020, according to Senator Herb Kohl,
chairman of the Senate Special Committee on Aging.
Providers
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