NewRetirement Retirement News Digest : Economics and the Market
Secure Your Future
 

NewRetirement Retirement News Digest

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

Economics and the Market (RSS)

Stocks: Five Market Mistakes to Avoid
Business Week, November 8th, 2009Markets may have rebounded in 2009, but individual investors are still edgy and shell-shocked. Even as the broad Standard & Poor's 500-stock index remained up 56% since March, the U.S. unemployment rate crept above Read More
3 steps to a better retirement
CNN Money, November 3rd, 2009Question: My husband and I are in our late '50s and haven't put anything away for retirement, although we do own our home. We figure we'll work another 10 years or so before retiring. Do you have any helpful suggestions Read More
Ways to Ease the Pressure of a Cash Crunch
The New York Times, October 16th, 2009MANY retirees are in a cash crunch — with a lower income stream from their investment portfolios, personal expenses that are higher than expected, or both. While most assets can be used to generate liquidity, Read More
Lawmakers Target Medicare and Medicaid Fraud
The Wall Street Journal, October 28th, 2009The federal government needs to further step up efforts to fight Medicare and Medicaid fraud to generate more savings to help pay for a health-care overhaul, lawmakers said Wednesday. "The scale of health Read More
Universal Coverage: A Revenue Windfall?
The New York Times, October 24th, 2009Arthur Ullian is president of the National Council on Spinal Cord Injury and co-author of two studies in the Proceedings of the National Academy of Sciences on the economics of health care. In a forthcoming analysis, Read More
Medicare Fraud: A $60 Billion Crime
CBS News, October 25th, 2009Of all the problems facing the United States right now, none are more important than health care. President Obama says rising costs are driving huge federal budget deficits that imperil our future, and that there is enough Read More
Inflation: Good for Annuities?
Main Street, October 15th, 2009Supporters of annuity plans, who often bill them as "personal pensions," are touting their recession era durability and pushing for federal tax breaks they say will advance their adoption. The economic downturn seems Read More
To Retire in This Weak Market, the Magic Word Is ‘Focus’
The New York Times, October 14th, 2009MICHAEL SURRETT’S investment portfolio hasn’t fully recovered from the market crash, but that didn’t stop him from retiring three weeks ago.“We are no different than anyone else in this economy,” said Mr. Surrett, Read More
Loans That Looked Easy Pose Threats to Recovery
The New York Times, August 26th, 2009When Harvey Clavon took out an exotic mortgage to refinance his home in Santa Clarita, Calif., three years ago, he thought he knew what he was doing.Mr. Clavon, 63, was planning to sell the home in a few years and Read More
Sales of Existing U.S. Homes Leap Higher
The New York Times, August 21st, 2009Sales of previously owned homes surged in July as buyers stormed back to the market, taking advantage of falling prices, lower interest rates and a tax credit for first-time homeowners, an industry group reported Read More
Reverse Mortgages Come to the Rescue
Washington Post, August 10th, 2009 Reverse mortgages have been around for nearly 20 years, but it wasn't until the current financial crisis that they caught on. Seniors are turning to these loans to tap the equity in their homes and generate tax-free Read More
American Incomes Head Down, Threatening Recovery in Spending
Bloomberg, August 5th, 2009Household income in the U.S. is weakening as the influence of the government’s stimulus plan wanes, prompting economists, Federal Reserve officials and a Nobel laureate to warn that consumer spending may struggle. Read More
Boomers, seniors have to rewrite their scripts for retirement
Detroit Free Press, July 22nd, 2009Many people would rather talk about sex than about money, particularly if it means having to disclose that they don't have enough.So it is with some reluctance and shame that many boomers-and-beyond are admitting their Read More
Subprime Brokers Back as Dubious Loan Fixers
The New York Times, July 19th, 2009From the ninth floor of a downtown office building on Wilshire Boulevard, Jack Soussana delivered staggering numbers of mortgages to homeowners during the real estate boom, amassing a fortune.By Mr. Soussana’s own account, Read More
Desperate investors are locking in annuities at low rates
USA Today, July 20th, 2009Low savings rates and a rotten stock market sent record numbers of savers to lock in current rates with fixed annuities — precisely when rates were near rock-bottom. Fixed annuity sales jumped 74%, to $35.6 billion, the Read More
 
© 2004-2009 NewRetirement, LLC. All Rights Reserved.