Tuesday, September 30, 2014

Retirees: 9 easy ways to cut spending

About 71% of people, including working folks and retirees, have financial worries, a survey shows.

Retirees often ask Gail Cunningham of the National Foundation for Credit Counseling how to trim their budgets so they can live on their fixed incomes.
She tells them the first step is to take a hard look at their spending and find little ways to trim back to create a savings for emergencies.
About 71% of people, including working folks and retirees, have financial worries, and 31% of them say their biggest concern is not having enough savings, according to a recent survey of 2,016 adults conducted for the credit counseling foundation, which has more than 80 member agencies and 600 locations that offer free or low-cost financial counseling.
In fact, 34% of people in the survey say they have zero non-retirement savings. That's similar to a finding from a recent survey from Bankrate.com,,which showed 26% of people have no emergency savings, which is money readily available to them in either a checking account, savings account or money market.

Top retirement financial concern: Health care bills

Only 15% of pre-retirees have tried to figure out how much money they might need for health care and long-term care in retirement.

People over 50 say their top retirement financial worry is health care costs, a survey, out Friday, shows.
But only 15% of pre-retirees have tried to figure out how much money they might need for health care and long-term care in retirement, according to the survey of 3,300 people, ages 25 and older, conducted by Merrill Lynch in partnership with Age Wave, a research think-tank on aging issues.

CDC Confirms First Ebola Case Diagnosed In The US, In Dallas Hospital - Press Conference Live Feed


What do you get for being first? The press conference was supposed to start online at 5:30PM EDT and they are late. The patient was from Liberia where it is widespread and is in Dallas. They came on at 5:45PM and said it is completely contained and there is nothing to worry about so move along please. It is not and I repeat not airborne. I never heard so many thank you's in my life. As each doctor came on they listed everyone before them and said thank you and finally thank to the CDC. QB

Gold Falls to Lowest Since January as Dollar Advances
Gold futures fell to the lowest since January as the outlook for higher U.S. interest rates and a stronger dollar cut demand for precious metals as hedges against inflation. Silver dropped to a four-year low.
Money managers cut their bullish gold wagers for six straight weeks, the longest exit in more than four years, government data show. Global holdings in exchange-traded products backed by the metal last week shrunk to the lowest since 2009 as prices move close to erasing their 2014 gain.
Bullion, which rallied in the first half of the year amid escalating tensions in Ukraine and the Middle East, posted its first quarterly decline in 2014. Silver slumped 12 percent this month, the biggest decline since April 2013, when both metals fell into a bear market.
“It’s really been the dollar that probed gold lower since the beginning of July,” Adrian Day, the president of Adrian Day Asset Management in Annapolis, Maryland, said in a telephone interview. “Silver is gold on steroids and tends to exaggerate the moves.”