AARP Home » AARP Blog » AARP »Bulletin Today »In The Morning News

In The Morning News

Posted on 04/2/2008 by |General News | Comments

Bulletin Today Print Print

Associated Press: Senate Leaders Break Procedural Deadlock Over Housing Bill
“A legislative effort to address the nation’s home foreclosure crisis moved forward in the Senate Tuesday as Democratic and GOP leaders defused a potential filibuster.” Majority Leader Harry Reid and Minority Leader Mitch McConnell “agreed to bring a bipartisan bill to the floor instead of a Democratic plan that stalled a month ago.” The AP adds “Senate Banking Committee Chairman Christopher Dodd, D-Conn., and the panel’s top Republican, Richard Shelby of Alabama, were instructed to forge a compromise that could come to the floor as early as Wednesday.”
CNNMoney: Columnist Offers Advice On How To Maintain Retirement Lifestyle
“Want to be sure you won’t run out of money in retirement? The standard advice that you’ll hear from planners (or find on the pages of Money Magazine) is to follow the 4% rule: Withdraw no more than 4% of your portfolio the first year of retirement and then increase that amount for inflation each year.” While a good general rule, it “can’t cover all of the surprises that life – and the markets – may have in store for you.”
Washington Post: OPM Says RetireEZ Computer Modernization System Working Effectively
“The RetireEZ “computer system, which began operating in February, is allowing the Office of Personnel Management to pay full pension benefits on time, instead of only partial benefits to new retirees, the office said yesterday. The OPM said it compared 34 pensions awarded by the new computer system with those based on paper records and concluded that the technology upgrade provided the right amount within 30 days of an employee’s retirement.”