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In the morning news

Posted on 01/23/2008 by | Archived Contributor | Comments

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MSNBC: Save your parents’ finances (before they ruin yours)

If our Moms and Dads are relying on us to pay for their expenses — from groceries to utility bills in early retirement to long-term health care in their 70s and 80s, how will that impact our own financial future?

Los Angeles Times: Good for borrowers, bad for savers

“It’s bad for seniors who are living on fixed incomes, but this gigantic baby boom generation is largely made up of borrowers,” said Gary Schlossberg, senior economist with Wells Fargo Capital Markets in San Francisco.

Wall Street Journal: Wal-Mart Insured Ranks Rise

Wal-Mart Stores Inc. said the percentage of its work force enrolled in its health plans has increased significantly from a year ago after it expanded choices, including lower-cost options.

Washington Post: Braving a Downdraft

The stock market heads south just as you’ve retired, or are about to. It’s the worst-case scenario you’ve always feared. Is it time to scour the help-wanted ads? Do you have to put your post-work life on hold?

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