NewRetirement Retirement News Digest : Retirement Pitfalls
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NewRetirement Retirement News Digest

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

Retirement Pitfalls (RSS)

Ask the Experts: Do your homework on reverse mortgages
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 Read More
Action Line: You've got phony mail
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 Read More
Reverse-mortgage boom raising concerns on potential pitfalls
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 Read More
Lesson: The best-laid retirement plans melt down
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 Read More
Five ways to make your nest egg last a lifetime
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 Read More
Are fees draining your 401(k) retirement savings?
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 Read More
Avoiding The Identity Theft Underworld
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 Read More
Protecting Seniors From Reverse Mortgages
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 Read More
The trouble with annuities
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 Read More
Retirees may well worry about health-care reform
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. Read More
Mortgage crisis robbing seniors of golden years
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 Read More
Police officers work to help senior citizens avoid common scams
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 Read More
2 Firms Accused of Fraud in Debt Settlement
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 Read More
Older Borrowers, Out in the Cold
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 Read More
Protecting Retirement Accounts From Creditors
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 Read More
 
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