Posts filtered by tags: Ghilarducci[x]


Confronting Four Reverse Mortgage Misconceptions

An opponent of reverse mortgage products recently wrote two columns at Forbes discussing reasons that the business should be avoided, and that potential borrowers searching for ways to fund their retirements would be better served by exploring other financial options. RMD reached out to Professor Teresa Ghilarducci from The New School’s department of economics to expand on the points she made in a January Forbes article saying that reverse mortgages are “a bust” because a senior’s average hom...
Tags: Featured, Education, Finance, United States, Social Security, Forbes, CFPB, U S Census Bureau, Consumer Financial Protection Bureau, New School, Teresa Ghilarducci, John Lunde, Lunde, Boston College Center for Retirement Research, The New School, Reverse Market Insight

Forbes Offers Reasons to Avoid Reverse Mortgages

There are at least four major reasons that potential borrowers should avoid taking a reverse mortgage, according to economics professor Teresa Ghilarducci of The New School based in New York, N.Y. in a new column at Forbes. While admitting that reverse mortgages may work for some, she says that is not true of everyone. However, at least one reverse mortgage expert finds flaws in the reasoning behind some of the stated points. The first of her stated reasons to avoid reverse mortgages revolves...
Tags: New York, Featured, Education, Finance, Data, Forbes, New School, Teresa Ghilarducci, John Lunde, Lunde, The New School, Reverse Market Insight, Ghilarducci, Forbes While

Insurance claims at $9 billion from Woolsey, Camp and Hill fires

By Kathleen Ronayne, The Associated Press Insurance claims from last month’s California wildfires already are at $9 billion and expected to increase, the state’s insurance commissioner announced Wednesday. About $7 billion in claims are from the Camp Fire that destroyed the Northern California city of Paradise and killed at least 86 people, making it the deadliest U.S. wildfire in at least a century. The rest is for the Woolsey and Hill fires in Southern California. Collectively, the fires destr...
Tags: Business, News, California, San Francisco, Sport, Soccer, Wildfires, Associated Press, Southern California, Northern California, Kathleen Ronayne, Dave Jones, OES, Woolsey, California Office of Emergency Services, PAUL ELIAS

Volatile stock market spooking some older workers, retirees

By Andrew Soergel, The Associated Press The recent turbulence in the U.S. stock markets is spooking some older workers and retirees, a group that was hit particularly hard during the most recent financial crisis. There’s no indication, though, that the recent volatility has brought about large-scale overhauls in retirement planning. “There’s a lot of fear that if you have another event like 2008 and you retire the year before or the year after, you’re screwed. I’m not taking that risk,” says Mar...
Tags: Washington, Sport, Ap, Soccer, Associated Press, Federal Reserve, Donald Trump, Patterson, Pew Research Center, Baby Boomer, Nashville Tennessee, Bankrate, NORC, Teresa Ghilarducci, Andrew Soergel, Mark Hamrick

Army Corps of Engineers should pay for wine country cleanup

Californians, for all our natural blessings, are also used to natural disasters, from earthquakes to wildfires. Going through them is bad enough. When the recovery efforts are hampered by government incompetence, that’s adding insult to injury.But that’s what has happened in the wake of the fires exactly one year ago that devastated Northern California’s wine country. After many deaths and thousands of homes destroyed, the Associated Press reported this week that the United States Army Corps of ...
Tags: California, Uncategorized, Sport, Ap, Soccer, Army, Associated Press, Northern California, Corps, Sonoma County, Elias, Army Corps Of Engineers, Corps of Engineers, Office of Emergency Services, U S Army Corps, PAUL ELIAS

More Americans will work until age 70; but hey, there are benefits

When it comes to retirement, later may be better. Americans long viewed 65 as the age to stop working. It was considered full retirement age by Social Security for many, Medicare benefits kick in then and historical practice had established it as the goal. Now some experts are suggesting people set their sights a bit higher — on 70. The reason? Working a few more years or drawing your Social Security benefits later can significantly boost income. That’s particularly important as fewer workers re...
Tags: Business, Workplace, Stanford, America, Sport, Suze Orman, Soccer, Social Security, Ira, Local News, Irs, AARP, Vernon, TIAA, Willis Towers Watson, Stanford Center

California fire toll rises to 33, winds cause concern

The death toll from California's wildfires rose to 33 on Friday as firefighters made some progress in containing the infernos but said intensifying winds were a concern. "We're not out of this emergency, not even close," said Mark Ghilarducci, director of the California Governor's Office of Emergency Services. "But we are seeing some progress in areas the fires have impacted," Ghilarducci told a news conference.
Tags: News, California, Mark Ghilarducci, California Governor s Office of Emergency Services, Ghilarducci