Retirement Pitfalls
Sacremento Bee, October 28th, 2009
Our three new "Ask the Experts" writers have been busily answering financial questions this month from online readers.Here's a sample of their advice on personal finance, wills/estates and investing.To
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San Jose Mercury News, October 27th, 2009San Jose scam alert: The city has issued an alert for an "elder financial abuse scam."Because
of limited income, senior citizens are more vulnerable to scams that
offer them quick rewards, and overseas crooks
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Chicago Tribune, October 8th, 2009A national consumer advocacy organization added its voice Tuesday to a
growing chorus of concerns about the rapidly growing popularity of
reverse mortgages, comparing the loan product's potential pitfalls to
subprime
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Associated Press, September 24th, 2009Planning for retirement has never been as complicated — or as important — as it is now.Last
year's financial meltdown was the second stock market disaster of the
decade. Millions of baby boomers saw their savings
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Marketwatch, September 17th, 2009Back in the good old days, before the crisis of 2008-09, many experts
suggested that all you needed to do was withdraw 4% per year, adjusted
for inflation, from your nest egg. That strategy, experts said, was a
near
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USA Today, August 25th, 2009Quick question: How much are 401(k) fees removing from your retirement nest egg each year?
If you are either unaware of such fees or don't
know their amounts, don't worry: Nearly 83% of Americans don't know,
either, according
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Forbes, August 18th, 2009The U.S. Department of Justice
is indicting a Miami man for working with two co-conspirators in Russia
to steal 130 million credit and debit card numbers between 2006 and
2008. Breaking into the network of a payment systems
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California Progress Report, July 8th, 2009Just as Congress grapples with the Wall Street, banking and subprime
mortgage mess, California’s legislature is attempting to reshape state
laws governing the financial services industry, hoping to avoid a
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CNN, June 30th, 2009With the uncertainty of the market these days, a lot of investors
are running for cover with their retirement funds. No wonder sales of
fixed annuities surged 74% for the first three months of 2009,
according to research association
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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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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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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 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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The Wall Street Journal - April 14, 2009
YUBA CITY, Calif. -- In 2006, Carol Couts, a 66-year-old widow in Yuba City, Calif., was living in her home, payment-free, when a mortgage broker persuaded her to refinance her no-cost mortgage for one that exceeded
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The New York Times - April 1, 2009
RETIREMENT accounts remain among many people’s most valuable assets, even at today’s depressed values. That means you need to protect them from creditors, a category that can include former spouses or people who have
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