Category: Retirement

Retirement-Is Downsizing Right For You?

| January 25, 2012 | 0 Comments
Retirement-Is Downsizing Right For You?

Retirement can be a scarey time for some. I found a great article that discusses important issues concerning retirement. Specifically, downsizing in retirement. Does this affect you?   Source of Information: http://www.aarp.org/work/retirement-planning/info-04-2011/downsizing-in-retirement.2.html Downsizing your home in retirement can be traumatic. Not only that, expensive. I know. My wife, Sara, and I have done it twice. [...]

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New Mortgage Aid Program

| January 12, 2012 | 0 Comments
New Mortgage Aid Program

Ask the Experts Revamped plan helps ‘underwater’ homeowners get lower-interest financing by: Carole Fleck | from: AARP Bulletin | January 11, 2012 Source of Information: http://www.aarp.org/money/credit-loans-debt/info-01-2012/new-mortgage-aid-program-ask-the-experts.html?cmp=NLC-RSS-DAILY-BULLETIN Q. Thanks to the terrible real estate market, my home is now worth a lot less than what I owe on it. I’d like to refinance. Isn’t there a [...]

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Ottawa facing CPP tab for elderly support: report

| December 8, 2011 | 0 Comments

http://www.topix.com/forum/family/elderly/TV5P7FL20MQQI2R64 Julian Beltrame Wed Dec 07 2011 SENIORS AND CPP The federal government may wind up picking up the tab in the future for failing to adequately address Canada’s growing pension deficit, according to a report from the Canadian Centre for Policy Alternatives. Torstar file photo OTTAWA The federal government may wind up picking up [...]

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Senior citizens a bigger slice of US society: census -In just a decade, the age group surged by 15.1 percent,

| December 2, 2011 | 0 Comments
Senior citizens a bigger slice of US society: census -In just a decade, the age group surged by 15.1 percent,

BY Afp Relaxnews NEW YORK DAILY NEWSFriday, December 2 2011, 12:03 PM /Sarunas Krivickas People over 65 make up an increasingly large slice of US society, some 40.3 million in 2010, the US Census Bureau reported Wednesday. In just a decade, the age group — which numbered 35 million back in 2000 — surged by [...]

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Earnings Limit to Rise in 2012-What happens to the benefits withheld?

| December 1, 2011 | 0 Comments

Question: Will the Social Security annual earnings limit change in 2012? A. Yes, it will. In 2011, the earnings limit is $14,160. In 2012, it will go up to $14,640. The earnings limit affects those between 62 and full retirement age who receive Social Security benefits and continue to work. If you earn more than [...]

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Older Americans Need Health Care and Retirement Security

| November 30, 2011 | 0 Comments

by: A. Barry Rand, CEO AARP | from: AARP Bulletin | November 29, 2011  Recently an AARP member in Pittsfield, Mass., sent me this letter: “Social Security will be my main source of income when I retire, if I ever get to. I have a 401(k) also, but it has been hit hard, and I [...]

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Surviving Recession-Workers are barely surviving to make ends meet in an economy with few jobs

| November 30, 2011 | 0 Comments
Surviving Recession-Workers are barely surviving to make ends meet in an economy with few jobs

by: Carole Fleck | from: AARP Bulletin | November 30, 2011 — Photo by Ron Haviv/VII It’s been three years since Barbara Harvey turned in for the night in her Honda SUV, wedged between her golden retrievers and a pile of blankets in a barren parking lot in Santa Barbara, Calif. She’d lost her income, [...]

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Can You Retire Now? The Complete Answer

| November 30, 2011 | 0 Comments

By Neal Frankle It’s entirely possible that you have enough money to retire now but you may not know it. It’s also possible that you are planning to retire now and don’t have enough money. By the time you finish reading this post, you’ll know the answer either way. Retiring early (or retiring anytime for that [...]

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For Many Seniors, There May Be No Retirement

| November 30, 2011 | 0 Comments
For Many Seniors, There May Be No Retirement

By Rachel Louise Ensign | The Wall Street Journal – Wed, Aug 24, 2011 3:00 AM EDT When Angela Gregor’s mother became ill and needed long-term care in the 1990s, Ms. Gregor tapped her individual retirement account for funds and stopped making contributions. Then came the tumultuous stock-market ups and downs of the past decade, dealing the [...]

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Retirement

| November 14, 2011 | 0 Comments
Retirement

  By Wilhelm Schnotz, eHow Contributorupdated March 31, 2011     Calculating retirement age can be a tricky proposition.   The good news is, you can retire any time you feel like it: There are no hard-and-fast rules about early retirement. The bad news is, although you can retire when you’re 38, you may not [...]

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