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MOB #84 – Retirement Healthcare & Up News In A Down Economy

April 6th, 2009 · podcasts

In this week’s episode of Millionaire or Bust, the main topic was retirement healthcare. Since so many people overlook saving for healthcare costs in retirment, I thought it was important that I called it out as an important issue. But first, we started the show off with the news:

  1. No bank failures this week. That’s only the second week this year.
  2. We had the fourth straight up week for the economy as the Dow ended above 8,000 in the best 4-week run since 1933.
  3. Tying mortgage modification to affordability lowers redefault rate, federal study finds.
  4. Two million jobs have been lost so far in 2009 and nine million people are underemployed as of March.
  5. Mortgage rates were at a record low for the second week.
  6. Factory orders rose for the first time in 6 months.
  7. One in ten Americans is on food stamps.
  8. A federal tax hike hits smokers.
  9. U.S. plans to ease GM into bankruptcy according to a report.

And finally we get to the main topic, which is retirement healthcare. This is an important topic because saving for retirement isn’t just about living expenses. You also have to budget for healthcare because Medicare won’t cover everything. In fact, I have some scary numbers to give you. I also have some things you should think about as you save for retirement.

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3 responses so far ↓

  • 1 Maria Isabel // Apr 6, 2009 at 11:57 pm

    This is very important because we are both retired and we found out what can happen when the economy is down and the companies you work for go bankrupt. It is always good to think ahead.

  • 2 CityKid // Apr 29, 2009 at 1:31 am

    Wow. We don’t seem to be getting those huge rises in unemployment in the UK – yet. You guys are really getting caned at the moment.

  • 3 David van Sunder // Apr 29, 2009 at 1:42 pm

    @CityKid We are getting hammered. There is no doubt about that, but there are some parts of Europe that seem to be kicking it up a notch as well. Spain just had their unemployment rate rise to 17.36%.

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