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Retirement

The 4 best places to retire in America?
October 21, 2011 9:00 AM

We rate all kinds of things here at Consumer Reports, but places to retire aren’t one of them. Any number of other publications, websites, and organizations do, however, and the editors of the Consumer Reports Money Adviser newsletter follow their efforts with interest. Every so often, we like to compare different lists side by side and see what, if any, places they agree on. No single place made all four of the lists we looked at most recently, including one released just this week, but these four cities each made two:

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Where to retire: A new list rates the states
October 3, 2011 4:00 PM

If you’re scouting around for a place to retire, or just enjoy fantasizing about ever being able to, here’s another new list of possibilities, from the website MoneyRates.com. It ranks all 50 states based on economic factors (cost of living, tax rates, and unemployment), as well as climate, life expectancy, and crime. Texas tops the list, followed by Kentucky, Oklahoma, and Iowa. At the bottom: Massachusetts, Michigan, and Maine.

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U.S. among dream destinations for U.K. retirees
August 24, 2011 2:33 PM

We Americans aren't the only ones who fantasize about retiring abroad, apparently. Many prospective retirees in the United Kingdom do, as well, according to a new survey by Standard Life, a financial services company based in Edinburgh. And No. 3 on their wish list of destinations, after Spain and Australia, is the U.S.A. France came in fourth, Ireland fifth.

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Social Security disability payments could end in 2017
August 22, 2011 11:00 AM

The Social Security disability fund may not be able to make payments come 2017, according to a new analysis by the Congressional Budget Office (CBO).

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Money Mag: Louisville, CO, is best small town in the country
August 17, 2011 3:00 PM

The Colorado town of Louisville topped Money Magazine's annual list of 100 Best Places to Live. The 2011 list of the best American small towns was based on job opportunities, quality of school systems, economic strength, and weather, among other criteria.

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How a U.S. debt default could affect you
July 29, 2011 3:15 PM

Congress and the President have until Tuesday to resolve the debt-ceiling crisis. If that deadline comes and goes the U.S. will be in default, and the government will have trouble paying its bills and covering its costs. Failure to raise the debt ceiling would also have financial consequences for consumers. Here are a few things that might happen.

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Where to retire: AARP names 10 affordable cities
July 25, 2011 1:29 PM

For the dwindling number of us who still think we might be able to retire someday, AARP is out with a new list of where to do so, entitled 10 Affordable Cities for Retirement.

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Without workplace 401(k) many would not save for retirement
July 20, 2011 2:00 PM

Without a workplace 401(k) plan, many investors would not be saving for retirement at all, according to a new study from the mutual fund and financial services group Fidelity Investments.

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AARP's Social Security Benefits Calculator offers insights
July 11, 2011 4:27 PM

AARP's Social Security Benefits Calculator, which was unveiled today, gives folks planning for retirement a useful tool to answer a key question: When to file for those benefits? From first look, I'd say it's not a perfect tool, but it could help many people—and couples—get closer to that crucial decision.

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Poll finds employers have pared back retiree insurance
June 29, 2011 2:00 PM

A new survey of 250 large companies shows that many employers have scaled back their retiree insurance plans, while others are planning to eliminate them, according to CNN Money.

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Wells Fargo ends reverse mortgage loans
June 20, 2011 2:00 PM

Wells Fargo has announced that it is getting out of the business of providing reverse mortgages. This move follows in the steps of Bank of America, which announced the end of its reverse mortgage program earlier this year. The two banks accounted for about 43 percent of reverse mortgage business in the U.S.

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More people using their 401(k) as a loan
June 8, 2011 4:20 PM

In 2010 about one in seven workers borrowed money from their 401(k) plan. Currently, about 30 percent of all 401(k) holders also have an outstanding loan. That percentage is the highest in recent history, according to data from Aon Hewitt, a human-resources consulting group.

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Elderly Americans lose $2.9 billion annually to financial abuse
June 2, 2011 5:10 PM

Financial abuse of older Americans has increased by 12 percent over the last three years, according to a study released Wednesday by the MetLife Mature Market Institute.

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Social Security to go paperless—no more check in the mail
May 5, 2011 4:06 PM

In hopes of saving $1 billion over 10 years, the Department of Treasury has decided that new Social Security applicants should be required to receive their checks via direct deposit. This would significantly limit the cost of printing, handling and sending paper checks by mail, according to the Treasury.

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Jump-start savings by showing young people their old-age avatar
April 13, 2011 12:11 PM

Using virtual-reality technology, Stanford and other schools are letting young individuals view simulations of their future, older selves, and gauging the impact on their present-day financial decisions. The Wall Street Journal reported recently that this could help turn impulsive spenders into long-term savers.

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