Four senators have introduced the “Worker, Retiree and Employee Recovery Act of 2008″ aimed at helping individuals and employers deal with falling retirement balances. This bill would give retirement plan owners 70 1/2 or older more time to take distributions, eliminating the minimum requirement for retirees to sell assets while the market is down. The »
Posts Tagged ‘senior finance’
Two actions everyone should take to ensure an enjoyable life after retirement
In times of such financial uncertainty – with tougher times on the horizon – having a solid understanding of your financial fitness and your options is critical. In a special report by MSNBC (a joint venture between Microsoft and NBC) titled “Economy hitting the elderly especially hard”, the author suggests that the slumping economy is »
Financial options for seniors growing – as are costs
As if seniors were not already aware, aging can be expensive. In the June 9th, 2008 edition of BusinessWeek, page 11 presents some interesting data on just how much more seniors are spending than the “young” (25 – 34 year olds). On average: Seniors spend more than 4x what the young do on Health Insurance »
