djaworski

6/12/15 - Paying Off the Mortgage Is Becoming Harder for Older Workers (The New York Times)

Older workers, stung by a punishing decline in house prices or high consumer debt, are increasingly unable to pay off their mortgages and are heading into their retirement years with substantial amounts outstanding.They have also been hit by unexpected expenses, layoffs, accumulated credit card bills or college loans, leaving them unable to pay off their single biggest… Read more 6/12/15 - Paying Off the Mortgage Is Becoming Harder for Older Workers (The New York Times)

6/12/2015 - Criminal Psychics See a Clear Path With the Desperate, a Detective Says (The New York Times)

Most criminal cases against psychics in New York begin with a victim walking into a precinct station house and making a complaint, but this is hardly a given. “Most people don’t think it’s a crime,” Detective McFadden said. “They think it’s a civil matter.” The challenge in prosecuting fraud by psychics often begins with the… Read more 6/12/2015 - Criminal Psychics See a Clear Path With the Desperate, a Detective Says (The New York Times)

6/12/2015 - The New Math of Student Loans (The Wall Street Journal)

When it comes to student loans, a little homework can lead to big savings.Over the next few weeks, hundreds of thousands of students and their parents will apply for student loans for the coming college year. Many students will sign up for federal loans, where they will find the best deals.But for a certain group… Read more 6/12/2015 - The New Math of Student Loans (The Wall Street Journal)

6/11/2015 - I.R.S. Adds New Safeguards to Thwart Identity Theft and Fraud (The New York Times)

Reeling from an online attack that allowed criminals to steal personal information and divert tax refunds from tens of thousands of taxpayers, the Internal Revenue Service announced on Thursday a sweeping effort to step up protections against identity theft and fraud. The actions are expected to be completed by early next year, well before the… Read more 6/11/2015 - I.R.S. Adds New Safeguards to Thwart Identity Theft and Fraud (The New York Times)

6/10/2015 - The Price Women Pay for Not Being Financially Confident (The Wall Street Journal)

Women lack confidence in their financial acumen. A study by Merrill Lynch found that 55% of women surveyed believe that they “know less than the average investor about financial markets and investing in general”, as compared to only 27% of men who feel this way. This is especially astonishing given that women overwhelmingly tend to manage the… Read more 6/10/2015 - The Price Women Pay for Not Being Financially Confident (The Wall Street Journal)

6/10/2015 - Reverse Mortgage Ads May Sidestep Potential Pitfalls (The New York Times)

A reverse mortgage is a loan that lets older people tap the equity they have built up in their homes. No principal or interest payments are due until the borrower dies, or moves out of the house. To qualify, a borrower must be at least 62 and have significant home equity. The loans may make… Read more 6/10/2015 - Reverse Mortgage Ads May Sidestep Potential Pitfalls (The New York Times)

6/8/2015 - How to Boost Your Retirement Confidence (U.S. News & Report)

People are feeling better about retirement than they were just a few years ago – although they’re still not as confident as they were back in the halcyon days of the 1990s, according to a recent survey by the Employee Benefit Research Institute. Today, almost 60 percent of American workers are confident that their preparations for retirement… Read more 6/8/2015 - How to Boost Your Retirement Confidence (U.S. News & Report)

6/7/2015 - New study reminds us that Americans are woefully unprepared for retirement (The Guardian)

Are we all in denial or is it simply impossible to save enough for retirement? Is it some kind of toxic combination of the two? Whatever the reason, yet another study – this one from no less an authority than the non-partisan US government accountability office (GAO) – is here to remind us that we’re… Read more 6/7/2015 - New study reminds us that Americans are woefully unprepared for retirement (The Guardian)

6/6/2015 - Want a healthy, rich retirement? Keep working (U.S. News & Report)

Easing into retirement is important not just for marital health, but for mental and physical health as well, says Laura Scharr-Bykowsky, a financial planner in Columbia, South Carolina, who has seen this play out with her clients. “When people just cold-turkey retire,” Scharr-Bykowsky says, “they often have anincrease in depression or problems with their spouse, or they… Read more 6/6/2015 - Want a healthy, rich retirement? Keep working (U.S. News & Report)

6/5/2015 - More evidence of America's shortfall in retirement savings (CBS MoneyWatch)

“Most households approaching retirement have low savings.” That’s the no-nonsense title of a recent report from the U.S. Government Accountability Office (GAO) on retirement security. Here are a few of its sobering results: About half of all households age 55 and over have no retirement savings. Many older households don’t have other financial resources to tap during… Read more 6/5/2015 - More evidence of America's shortfall in retirement savings (CBS MoneyWatch)