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Bankruptcy: The Power of the Clean Slate

It doesn’t take many clicks online to find writing and advice on how to shape up your finances, even First30Days has a great financial advice section found here. There are...

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Matthew Tuttle

Matthew Tuttle

Certified financial planner and author

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Jonathan Pond

Jonathan Pond

Author of The Boomer's Guide to a Great Retirement

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Terry Savage

Personal finance columnist for the Chicago Sun Times and best...

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News

The latest news on this change — carefully culled from the world wide web by our change agents. They do the surfing, so you don't have to!

Living in a Grey Market

After talking it through with your family, going over your finances and taking all the advice from all the retirement experts you could, you decided this would be the year you left it all behind and started a new chapter.

And then the housing market got a little rough. Stocks began to slide. Like many baby boomers, you’re understandably concerned—so much so that you’ve decided to keep working for a while longer. Welcome to the club. The U.S. Labor Department says that the proportion of people age 55 to 64 in the workforce is up to 64.8%. It’s a 1.5% increase from last year and a 10% jump since 1990.

It’s hard to say how worried prospective retirees should be. The outlook seems bleak, but then again it may just depend on how you’ve gone about your retirement planning. Are you putting off retirement until the economy stabilizes? [Wall Street Journal]

Posted: 4/1/08