Moving and Retirement

Strategies used by other countries include (1) communicating spend-down options to participants in an understandable and timely manner, and (2) helping participants see how their savings would translate into a stream of income in retirement by providing them with projections of retirement income in their annual benefit statements. Currently, 401(k) participants have difficulty predicting how long their savings will last because most benefit statements do not focus on the stream of income it can generate. more »

While consumers can go online and compare the track records of nursing homes on a government web site, few such resources exist for assisted living. Twenty-two states still don’t post inspection records online, requiring residents to visit state offices to view them on paper or file public records requests. ProPublica set out to compile the key rules and regulations governing assisted living in all 50 states and the District of Columbia. See what they found. more »

Joan L. Cannon writes: Several hundred pounds of bookshelves that were to be left behind for Habitat, and one for a friend, arrived here where I have no place to put them. Such treasures as all my baking pans, including the ones that fit my toaster oven, are somewhere between here and North Carolina. How could they have lost the smallish box with my (expensive) no-line bifocals I use to watch TV? Ditto the basket of un-ironed tablecloths I left to await pressing after they got here.   more »

"Consumers need to be able to anticipate and avoid unnecessary fees on their checking accounts. But we are concerned that some overdraft practices may increase consumer costs beyond reasonable expectations," said Consumer Financial Protection Bureau Director Richard Cordray. "What is marketed as overdraft protection can, in some instances, create greater risk of consumer harm." more »