Retirement Pitfalls
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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US News & World Report - March 31, 2009
We like to think that if we plan and save throughout our working lives, a secure retirement is within reach. But retirement often happens unexpectedly. A lay off, health problem, or the illness of a relative
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The New York Times - April 1, 2009
Justin Williams worked as an engineer at Honeywell International for 31 years, and when he retired last April, he knew he could not afford to stop working. His home in suburban Maryland, on which he had spent his
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US News & World Report - March 18, 2009
Stocks are rallying, bonds are soaring, and your mortgage rate could fall again now that the Federal Reserve has agreed to take on billions worth of new Treasuries and other securities to support the ailing
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The Consumerist - March 19, 2009
In its recent annual report to the Mortgage Banker's Association, the Mortgage Asset Research Institute described three emerging mortgage fraud schemes that are either new or increasing in popularity.
Foreclosure
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US News & World Report - March 12, 2009
Do you remember 2007? Baby boomers, although they were never prolific savers, were optimistic about their retirement prospects. The stock market was trending upward nicely and home values were inflating fast.
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CNN - March 15, 2009
As the country frets about extricating itself from the financial mess, there is one group of Americans to whom the rest of us owe the most sincere words of apology.
That group consists of the oldest of our fellow citizens -- the
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Bloomberg - March 3, 2009
The Chicago Transit Authority retirement plan had a $1.5 billion hole in its stash of assets in 2007. At the height of a four-year bull market, it didn’t have enough cash on hand to pay its retirees through 2013, meaning it
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CreditCards.com - March 2, 2009
Are Social Security and private pensions exempt from garnishment?
Dear Credit Guy,I have recently retired and have only my Social Security and a private pension. If I quit paying my credit cards, can my Social Security
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