6 Reasons to Delay Retirement (U.S. News & World Report)

U.S. News & World Report – The Senate Finance Committee held a hearing yesterday to discuss the increasing likelihood that seniors will need and want to delay retirement. Experts testified that Americans working until older ages will have a dramatic impact on the economy, Social Security, and especially their own personal finances. Here’s a look at the reasons the invited witnesses say Americans should choose to work during retirement.

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6 Reasons to Delay Retirement (U.S. News & World Report)

U.S. News & World Report – The Senate Finance Committee held a hearing yesterday to discuss the increasing likelihood that seniors will need and want to delay retirement. Experts testified that Americans working until older ages will have a dramatic impact on the economy, Social Security, and especially their own personal finances. Here’s a look at the reasons the invited witnesses say Americans should choose to work during retirement.

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6 Reasons to Delay Retirement (U.S. News & World Report)

U.S. News & World Report – The Senate Finance Committee held a hearing yesterday to discuss the increasing likelihood that seniors will need and want to delay retirement. Experts testified that Americans working until older ages will have a dramatic impact on the economy, Social Security, and especially their own personal finances. Here’s a look at the reasons the invited witnesses say Americans should choose to work during retirement.

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Time to Rethink Fannie and Freddie (BusinessWeek)

BusinessWeek – As the White House pushed for a Wall Street overhaul this year, Republicans hammered Democrats for ignoring two of the biggest problems in American finance: Fannie Mae (fnm.) and Freddie Mac (fre.). The government-backed mortgage giants have cost taxpayers $145 billion and counting. Now, with work on the 2,300-page financial-regulation bill all but complete, the Obama Administration will soon turn to revamping the pair of institutions that own more than half the nation’s $11 trillion in residential mortgages. The political struggle could be long and bitter.

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White House says changes to Fannie Freddie on deck (Reuters)

Reuters – Republicans should not use problems at mortgage finance giants Fannie Mae and Freddie Mac as an excuse to vote against sweeping changes to the rules of Wall Street, White House spokesman Robert Gibbs said on Sunday.

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Wells Fargo cutting 3,800 workers in restructuring (AP)

AP – Wells Fargo & Co. said Wednesday it’s laying off 3,800 employees over the next year as part of a restructuring of its consumer finance unit.

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Other loopholes in consumer financial protection (AP)

AP – Auto dealers and community banks are central to consumer finance. Millions of Americans will be affected because they escaped oversight by the new Consumer Financial Protection Bureau.

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Splurge on This, Save on That (U.S. News & World Report)

U.S. News & World Report – Alexa von Tobel, founder of LearnVest.com, a new personal finance Web site for women, says we need to stop spending money on “stupid” stuff – including $8 airline blankets and unnecessary cell phone charges – so we can spend more on the fun stuff this summer. “If you properly cut your costs and save money, then in general, you can splurge when you want to,” she says.

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Splurge on This, Save on That (U.S. News & World Report)

U.S. News & World Report – Alexa von Tobel, founder of LearnVest.com, a new personal finance Web site for women, says we need to stop spending money on “stupid” stuff – including $8 airline blankets and unnecessary cell phone charges – so we can spend more on the fun stuff this summer. “If you properly cut your costs and save money, then in general, you can splurge when you want to,” she says.

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Splurge on This, Save on That (U.S. News & World Report)

U.S. News & World Report – Alexa von Tobel, founder of LearnVest.com, a new personal finance Web site for women, says we need to stop spending money on “stupid” stuff – including $8 airline blankets and unnecessary cell phone charges – so we can spend more on the fun stuff this summer. “If you properly cut your costs and save money, then in general, you can splurge when you want to,” she says.

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