The oldest baby boomers start turning 65 on January 1st, and the biggest generation has plenty to worry about as it starts filing Medicare applications. The road to retirement security is filled with potholes. My list of the five threats to retirement security that worry me most looking ahead to 2011 is at Reuters.com. [...more]
A mortgage is a contract. Maybe that’s why Brent White has drawn so much attention in the red-hot national debate about the ethics of strategic default on mortgages. White, a law professor at the University of Arizona, is outspoken on strategic default—the notion that it’s okay for homeowners who are underwater on mortgages to simply [...] [...more]
I have no clue where the stock market will be tomorrow, next week or next year. But this much seems clear on the economic outlook: jobs and housing have a long way to go before they recover–the two are linked closely. My colleague John Wasik at Reuters.com takes a look this week at the housing [...] [...more]
How much will you need to live on in retirement? You’ll often hear the big financial services companies offer this rule of thumb: Plan to replace 80 percent of your working income in retirement. Ellen Wagner tossed the rule of thumb out the window when she retired in 2008. Instead, she developed a plan to [...] [...more]
Most Americans prefer to stay in their homes as they age, and the trend is accelerating as a result of new technology and grassroots initiatives such as intentional villages. National Public Radio’s Science Friday ran a good story on the challenges facing families and communities will face in the years ahead. Featured guests include NPR correspondent Jennifer [...] [...more]
