Give Today’s Retirees a ‘D’ — for Debt

Posted on 01/22/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsWhat’s quickly eating up a growing share of retirees’ money these days? Not health care, as you might expect, according to a new report by the National Center for Policy Analysis. Over the past 20 years, a greater percentage of older Americans’ dollars has gone to servicing debt, particularly mortgage and home equity loans, the “free market” think tank says. It used government data to compare the spending habits of today’s retirees with those of their predecessors, finding, for instance, that 20 …

Good News for Couples with Reverse Mortgages

Posted on 10/3/2013 by | Legal Grounds | Comments

Bulletin TodayYou probably know that AARP represents the interests of older Americans. But did you know that it’s actually out there in court, making sure that the rights of people 50+ are not violated? This week, two plaintiffs represented by the AARP Foundation Litigation won their case against the Department of Housing and Urban Development. A federal trial court in Washington, D.C., ruled that HUD violated federal law when it did not protect surviving spouses of holders of reverse mortgages. Let’s …