Moving and Retirement
Rose Madeline Mula: An Original: The Stranger in My House
Rose Mula writes: A very weird thing has happened. A strange old lady has moved into my house. I have no idea who she is, where she came from, or how she got in. I certainly didn't invite her. All I know is that one day she wasn't there, and the next day she was. She's very clever. She manages to keep out of sight for the most part; but whenever I pass a mirror, I catch a glimpse of her there; and when I look into a mirror directly to check on my appearance, suddenly she's hogging the whole thing, completely obliterating my gorgeous face and body. more »
Questions You Always Wanted to Ask: Reverse Mortgages
The Consumer Financial Protection Bureau (CFPB) released additional resources for consumers as part of its campaign to educate the public about the new protections provided by the Bureau’s mortgage rules. These new materials include sample letters that consumers can send to their mortgage servicers. more »
Are You Spending Down Your 401(k)? GAO Investigates Other Countries' Experiences That Offer Lessons of Spend-down Options
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 »
ProPublica and Frontline's Investigation: Elderly, At Risk, and Haphazardly Protected
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 »