What's News!  July 19 – 25, 2010

Your weekly link to national (50-plus) news and information from newspaper and magazine publications, news organizations and web resources nationwide! Click here to receive this free service via e-mail.

Health:

Health

Medicine:

Medicine
  • F.D.A. Panel Urges Limits for Avastin: An advisory committee recommended on Tuesday that the Food and Drug Administration revoke approval of the drug Avastin as a treatment for breast cancer, saying the drug was not helping patients. The New York Times, July 20.

Mind:

Personal Finance:

Personal Finance
  • When Trusts Meet Retirement Accounts: Many parents want to control how quickly their children can draw down the retirement accounts they inherit—and are fixating on trusts as the answer. It can be a complicated and risky process. WSJ, July 24.
  • When to Rebalance Your 401(k) Investments: When it comes to 401(k) plans, savvy investors know that asset allocation – based on your time horizon, risk tolerance and savings goal – is crucial. SmartMoney, July 23.
  • Playing Retirement Account Catch-Up: If you’ll be age 50 or older as of year-end, you can make extra “catch-up” contributions to certain types of tax-favored retirement accounts. SmartMoney, July 20.
  • Retiring? What to do with your 401(k): When your ready to leave the workforce, should you leave your nest egg in your company's 401(k) plan or roll it over? Here's how to decide. Money, July 20.
  • Pros and cons of retirement income options: Despite near-constant reminders, Americans aren't really good at saving for retirement. And they're likely to be just as bad at stretching their savings to last the entirety of their golden years. Bankrate.com, July 19.

Taxes:

Retirement:

Investing:

Investing
  • How to Pick a Target-Date Fund: New data give investors a look at what these popular retirement vehicles actually hold—and how their fees weigh on returns. WSJ, July 24.

Social Security:

  • Faith in Social Security system tanking: A USA TODAY/Gallup Poll finds that a majority of retirees say they expect their current benefits to be cut, a dramatic increase in the number who hold that view. USA Today, July 20.
  • Social Security Defenders Circling the Wagons: The National Commission on Fiscal Responsibility and Reform, appointed earlier this year by President Obama, is expected to address Social Security and other major sources of federal red ink in recommendations late this year. US News and World Report, July 19.

Housing:

Housing
  • Making Homes Safer for Dementia Patients: Just about everyone with an older parent living alone worries about falls, and there is no shortage of suggestions for how to elder-proof a home in order to minimize trips and slips. But experts say it is also important to minimize household dangers for people with dementia and Alzheimer’s disease. The New York Times, July 19.

Long-Term Care

Xtra!

Xtra!
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