Tuesday, December 09, 2008
Seniors face grim choices amid market shock
Over half of senior citizens say they are either postponing retirement or planning to return to work due to the economic crisis, according to a survey released Tuesday by Golden Gateway Financial...
In a poll of 800 homeowners over the age of 65, 31% said that they are staying on the job longer due to their shrinking retirement funds, while another 22% plan to return to the workforce.
...Seniors are also drumming up cash by selling their life insurance policies for more than their cash surrender values, according to Bachman, who adds that $13 billion worth of so-called 'life settlements' were sold in 2007...
CNN Money: Seniors face grim choices amid market shock
In a poll of 800 homeowners over the age of 65, 31% said that they are staying on the job longer due to their shrinking retirement funds, while another 22% plan to return to the workforce.
...Seniors are also drumming up cash by selling their life insurance policies for more than their cash surrender values, according to Bachman, who adds that $13 billion worth of so-called 'life settlements' were sold in 2007...
CNN Money: Seniors face grim choices amid market shock
Permalink posted by markw @ 1:14 PM 
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