| Retirement News |
| August 2011 |
Work in Retirement and Prevent Financial Meltdown?
New research from the San Francisco Federal Reserve Bank suggests that if baby boomers delay or keep working in retirement, they could really help the stock market recover from the recession.
Why? The argument is that as baby boomers retire, they will be taking money out of the stock market to fund retirement instead of investing additional money into the markets. The researchers said that: "demand for U.S. Stocks from overseas could alleviate the pressure from the expected baby boomer equity sell-off. But the tight historic correlation between demographic trends and the stock market, portends poorly for equity values."
On the other hand, if baby boomers continue to work to prevent withdrawing money from the markets, then they could potentially help stabilize the stock market.
Learn More About Work in Retirement!
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A Spot of Good News in a Dismal Week for the Economy - High Loan Limit for Reverse Mortgage Borrowers Extended
The Department of Housing and Urban Development (HUD) announced last week that they will be extending the $625,000 maximum loan amount for a Reverse Mortgage through December of this year.
There has been near universal support pushing Congress to approve this extension. According to the Mortgage Bankers Association, the temporary loan limits have benefited consumers and the housing market during these very turbulent times in our economy. With the extension, homeowners who live in high home value areas can continue to be approved for a loan of up to $625,000.
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Boomers to Spend Billions on the Fountain of Youth and Other Health News
Wrinkle creams, plastic surgery, workouts, vitamins and other anti-aging products promise a fountain of youth for baby boomers. Whether any of these regimens will actually provide anti-aging benefits is unclear and you should consider carefully before spending your money on these promises. What is sure is that the billions spent on these products will definitely make some people very rich.
The market research firm Global Industry Analysts projects that boomers spending on anti-aging products will grow from $80 billion now to more than $114 billion by 2015.
Other Health News:
- Clinical Trials Neglect the Elderly: Most drugs have undergone rigorous clinical trials before being marketed. However, it appears that the elderly are often un- or under-represented in the research. This is disturbing news. Dr. Ken Covinsky, a geriatrician at the University of California, San Francisco is quoted recently saying: "For any given treatment, the risks and benefits may be very different for older patients."
When considering a new medication, talk with your doctor about this issue.
- Too Hot for Your Drugs?: The recent heat waves across the country probably made you uncomfortable, but they may have made your drugs less effective. Experts say that no drug should be exposed to temperatures higher than 86 degrees. Talk with your doctor or pharmacist if you are concerned.
- 20 Minutes May Be Enough: Twenty minutes a day, six days a week may be enough exercise to reverse age-related decline in muscle stem cells. And other research suggests that if you exercise in a green environment instead of a gym – you’ll feel even better.
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