Dealing with Credit Card Debt

The number of seniors facing credit card debt has been growing. The average credit-card debt for consumers over 65 more than doubled from 1992 to 2004, to $4,907. Credit card debt can be especially problematic for seniors, who typically have a fixed income. If you or someone you love is having trouble making credit card…

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Is The Market Overvalued?

It’s a question that is always on investors’ minds, but rarely more so than right now: Is the market overvalued? Two heavyweights of financial analysis believe they hold the answer. Robert Shiller, the Yale University economist who correctly predicted the bursting of the stock market bubble in 2000 and the housing crash that started in…

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Bonds Shrug Off S&P Warning

While the stock market screamed, the bond market yawned. The Dow Jones Industrial Average fell more than 1% Monday on the word that Standard & Poor’s had cut its ratings outlook on U.S. government debt from “stable” to “negative.” Meanwhile, the 10-year Treasury note barely budged. Credit default swaps on U.S. bonds—essentially the cost of…

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‘Never Say Die’

Anyone who has not been buried in a vault for the past two decades is surely aware of the media blitz touting the “new old age” as a phenomenon that enables people in their sixties, seventies, eighties, nineties, and beyond to enjoy the kind of rich, full, healthy, adventurous, sexy, financially secure lives that their…

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