| Lock In Your TSP Losses and Delay Your Retirement
Way back on February 27, 2007, the international stock fund for the Thrift Savings Plan (the I fund) dropped in value. It went down 74 cents in that one day. It dropped another 12 cents the following day. That is about 3.5 percent of the value of one share of the stock fund that disappeared in two days. On February 27, 2007, the C fund dropped 55 cents in one day. That was about 3.5 percent of the value of the C fund. How did you handle the stress of seeing your retirement funds drop in value? Some people ignored the loss. They shrugged, if they even knew about the loss, and figured the stock market goes up and down and it will all come out okay in the end. Some people started selling their stock funds--immediately. TSP investors moved about $2 billion out of the I fund in the first four days of March.
Firms urged to find new retirement village operator
The companies at the centre of a lease row at a Launceston retirement village, in northern Tasmania, are being urged to work together to try to find a new operator. Village Life has terminated its lease with the investment company MFS and 46 residents at the Newstead home may now have to find somewhere else to live by the end of next month. MFS does not have a licence to operate the village and says it will be difficult to find a new operator. The federal Member for Lyons, Dick Adams, says the situation has left many elderly residents worried about their future. "There were people, I understand, [who] believed they were there for as long as they wanted to be there and of course that isn't the case," he said. "People all of a sudden find themselves having to look for other accommodation and if we can get a resolution like that getting other people to take it over, that would be terrific." .
Conseco Declares Dividend on Class B Preferred Stock
CARMEL, Ind., April 20 /PRNewswire-FirstCall/ -- Conseco, Inc. today announced that it has declared a dividend on the outstanding shares of its Class B 5.50% Mandatorily Convertible Preferred Stock of $0.34375 per share. The dividend is payable on May 15, 2007 to the holders of record at the close of business on May 1, 2007. Conseco, Inc.'s insurance companies help protect working American families and seniors from financial adversity: Medicare supplement, long-term care, cancer, heart/stroke and accident policies protect people against major unplanned expenses; annuities and life .
Attorney versed in Social Security law speaks to NAMI
The Aloha-based group of the National Alliance on Mental Illness of Washington County hosted a well-received First Monday speaker in March. Sharon Maynard, an attorney with Bennett, Hartman, Morris & Kaplan law firm, has practiced Social Security law for six years. Before that she worked in the public defender's office for over eight years, and during the last year and a half she represented persons the state of Oregon was seeking to civilly commit. As reported by Melissa Turner in the NAMI newsletter, "Her talk was clear and easy to understand. She actually made the Social Security system seem do-able." To those people with a mental illness, or a person or family supporting them, it can be difficult to understand the Social Security system and stressful to navigate its paperwork.
|
