NewRetirement Retirement News Digest : Politics and Legislation
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NewRetirement Retirement News Digest

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

Politics and Legislation (RSS)

State Employees' Credit Union Rolls out Consumer-Friendly Reverse Mortgage
MarketWatch - August 4, 2008   RALEIGH, N.C., Aug 04, 2008 (BUSINESS WIRE) -- State Employees' Credit Union (SECU) is pleased to announce a consumer-friendly reverse mortgage designed to help senior members utilize the wealth in their homes in Read More
Seniors Get a Gift from the New Housing Law
Kipinger - August 4, 2008 When trying to figure out who benefits from the new housing law, don't forget to count seniors who are in the market for a reverse mortgage. These mortgages let seniors convert some of their home equity into a stream of income, Read More
Inside Congress's housing repair kit
The Boston Globe - July 31, 2008 The sweeping housing legislation signed yesterday by President Bush provides a tax credit for first-time home buyers, higher mortgage allowances for expensive markets such as Boston, property tax breaks, and a variety Read More
Fit, Not Frail: Exercise as a Tonic for Aging
The New York Times, June 24 2008Fact: Every hour of every day, 330 Americans turn 60. Fact: By 2030, one in five Americans will be older than 65. Fact: The number of people over 100 doubles every decade. Fact: As they age, people lose muscle mass Read More
Medicare Savings vs. the Lobbyists
The New York Times, June 25, 2008To cut costs and reduce fraud in one corner of the sprawling Medicare program, Congress called for competitive bidding on medical equipment that is provided to elderly and disabled Americans and set a sensible schedule Read More
The Great Seduction
The New York Times, June 10, 2008 The people who created this country built a moral structure around money. The Puritan legacy inhibited luxury and self-indulgence. Benjamin Franklin spread a practical gospel that emphasized hard work, temperance and Read More
Squeezed older homeowners seek reverse mortgages to pay loans
Sacbee, June 4th, 2008Pressured by a faltering economy and often burdened by loans they took out during the housing boom, more Sacramento-area homeowners are looking to reverse mortgages for an escape route. But many are finding the road blocked by Read More
Pension Debts: The Next Financial Crisis
Seeking Alpha, June 1st, 2008Book review: While America Aged by Roger LowensteinWhere were you while America aged? I’ve been following the issues in this book written by Roger Lowenstein for over 20 years. As an actuary (but not a pension actuary) Read More
Bank failures to surge in coming years
Marketwatch, May 23rd, 2008IndyMac, Corus, UCBH under pressure as credit crunch slows economy.By April, Gary Holloway was almost three years into retirement. He'd built a new home by a lake in Texas, bought a boat and was working on his golf Read More
Empty Nest Egg
NYtimes, May 4th, 2008 The future of Americans’ pensions has not become a serious campaign issue so far this election season. It’s hard to get retirement issues to the front of the line when the nation faces soaring health care costs, global warming, Read More
Entitled to What?
NYTimes, May 4th, 2008 Virtually unnoticed during the primary season, the baby boom generation turned 62 this year and began to draw Social Security benefits. This heralded a milestone in America’s aging, and depending on which of the candidates you Read More
Government benefit programs in trouble
Yahoo News, March 25h, 2008Trustees for the government's two biggest benefit programs warned Tuesday that Social Security and Medicare are facing "enormous challenges," with the threat to Medicare's solvency far more severe.The trustees, issuing a once-a-year Read More
Reverse Mortgage Counseling Industry Leaders Announce Launch of National Housing Counseling Association
BusinessWire, March 24th, 2008A coalition of reverse mortgage counseling agencies and elder care experts announced today a collaboration to launch the National Housing Counseling Association (NHCA). NHCA will act as Read More
Gap in Life Expectancy Widens for the Nation
The New York Times, March 23rd, 2008New government research has found “large and growing” disparities in life expectancy for richer and poorer Americans, paralleling the growth of income inequality in the last two decades. Life expectancy for the nation Read More
When Should Married Men Claim Social Security Benefits?
Center for Retirement Research at Boston College, March 2008Most married men claim Social Security benefits at age 62 or 63, well short of the age that maximizes the expected present value of the average household’s benefits.  That many married Read More
 
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