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Guest Post: Avoiding Medical Debt in Retirement

This is the first in a series of Guest Posts from Debt.org By Al Krulick Because of federal government programs like Medicare and Medicaid and the various health care plans provided by the Veterans Administration and the Department of Defense, as well as private health insurance coverage, the overwhelming majority of seniors' health care costs  -- doctors, hospitals, nursing homes, medications, end-of-life ...

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Is Now the Time to Exit the Stock Market?

From First Senior Financial Group, read the full story here. We all know how unpredictable the stock market can be, yet people everywhere put their time and money into predicting where the markets will go next.  More often than not the stock market creates losers rather than winners, so why are we so compelled to keep trying?  This article from First Senior Financial Group really delves into the psychology ...

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Bonds in a Bubble; When Will it Burst?

From First Senior Financial Group, read the full story here. Traditionally, Bonds have been thought of as one of the safest investments out there.  But do bonds really deserve that glowing reputation?  Recent events are casting doubt on the safety of bonds, and making investors think twice about using them as a retirement savings vehicle. First was the disastrous GM bond issue that left many investors holdi ...

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JPMorgan in Hot Water… Again

From First Senior Financial Group, read the full story here. There's no shortage of stories about financial companies coming under investigation for alleged crimes like fraud, insider trading, and conspiracy.  We've seen names like Goldman Sachs, Citigroup, Lehman Brothers, and Bear Stearns rotate through the headlines, so it takes a lot for one financial criminal to stand out over all the others.  Well JPM ...

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New Budget Plan Takes Aim at Retirees

The proposed budget reform announced on Wednesday suggests that retirees should be anticipating some major changes to the way their retirement will play out. To name a few of these changes, the proposed budget aims to make cuts to Social Security income, Medicare coverage, IRA contributions and more. It is common understanding that the federal government is in need of a new budget that will begin lowering t ...

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What’s the deal with Cyprus?

Anyone who has opened the financial section of any newspaper recently has seen some headlines announcing doom in a European nation that many people have never even heard of. But what does the economic trouble in the small island nation Cyprus have to do with you and your retirement? In a nutshell, the economic struggles and possible collapse of Cyprus could mean potential turmoil for anyone who has their re ...

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Study Brings Standard and Poors Credibility in Question

For decades, S&P and its chief competitor, Moody’s Investors Service (MCO), benefited from the government’s blessing as arbiters of creditworthiness. Two attempts by Congress to rein in the raters and probes by a Senate committee and the Financial Crisis Inquiry Commission didn’t change that. Now, the world’s largest ratings firm stands accused of violating its own standards at a moment when judgments f ...

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The Changing Face of Retirement in America

Nowadays retirement is all over the map. It’s blurred, more elastic. Many people retire piecemeal. Or they retire and then unretire. Or they continue working well after they were supposed to have retired. As part of a fast-changing retirement picture, many Americans leave their longtime job, but then, fearing that their Social Security benefits and nest egg will prove too small, plunge into part-time work — ...

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Consumer Confidence Slumps for March

Confidence among American consumers unexpectedly slumped in March, which may signal a cooling in spending, the biggest part of the economy. The Thomson Reuters/University of Michigan preliminary sentiment index for March fell to 71.8, the lowest level since December 2011, from 77.6 in February. The gauge was projected to increase to 78, according to the median estimate of 67 economists surveyed by Bloomberg ...

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The Retirement Hot Seat: To Tap or Not to Tap Your 401K?

A large and growing share of American workers are tapping their retirement savings accounts for non-retirement needs, raising questions about one of the most important savings vehicles for old age; The 401k Account. As we all know, success for your 401k depends on workers consistently contributing to them and allowing the money to stay in place throughout their careers, allowing the investment returns to co ...

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