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Sep
17
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Posted by cameron
September 17, 2007 | 1 Comment
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This weekend I checked out the Senate Special Committee on Aging. I wanted to know what they are doing about Social Security, with emphasis on security. I’ll bet most people don’t even know it exists let alone what it does or achieves. They have a website where hearings can be watched on web casts. I [...]
Are you a baby boomer fast approaching retirement age but worried because you haven’t saved enough for retirement? Well you’re not alone because more than two-thirds Americans of U.S. workers say they and their spouses have saved less than $50,000 toward retirement. There’s no time like the present to take stock and take a good [...]
I decided to put together a resource package on the topic of reverse mortgages. Personally I’m not in favor of them but it seems that many people are looking to get cash out of their homes without having to move. AARP have an extensive array of articles on reverse mortgages and this topic shows interest [...]
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Aug
27
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Posted by cameron
August 27, 2007 | 1 Comment
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We are all interested in free retirement planning tools and retirement calculators in particular, so I decided to provide a list of the ones I am aware. Having experienced some of the online calculators and those you can pickup on CD I personally decided to create my own spreadsheet but for those planning for the [...]
The current turmoil in the markets has caused many to sell stock and park their money in short-term instruments. Stock Mutual Fund redemptions have surged which means for many that cash is parked in a Money Market Fund while trying to figure out what to do. Since most Mutual Funds use Money Markets as the [...]
The National Retirement Readiness Index (NRRI) is a measure of the nations financial health as retirement approaches. It is a measure that estimates our ability to sustain our standard of living in retirement. In 1983 the NRRI was 31%, meaning that 31% of the population was at risk of a reduced standard of living in [...]
The credit crunch is beginning to tick me off. Companies that rush to give loans to people or companies that are poor credit risks deserve to go out of business. The herd will be thinner this time next year because it is survival of the fittest. This is capitalism in its purest form, people risking [...]
The two greatest concerns for older people are: 1. Will I have enough money during retirement, and 2. Will my money last? To answer these two questions you must have the following two things: 1. A plan, which I covered in previous posts, and 2. An investment/withdrawal strategy, which is the subject of this post. [...]
It’s been an interesting week on Wall Street. The markets have become extremely violent as just about everyone knows. Pundits are beginning to run for shelter as the credit crunch spreads little by little. I noticed that advisors are retreating to 50% stock positions, which, of course, helps to drive this market down. Although a [...]
The Fidelity Research Institute is an organization funded by Fidelity Investments. According to the Institute boomers have a median household retirement savings of $45,000 in their 2007 report on America’s retirement readiness. It would be easy to say that boomers are far from ready with half being below $45000 and half being above that in [...]
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