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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review

Watch out for the sales pitch

By Sandra Block



You shouldn't need Jim Carrey's character to know the truth. Now you don't need to




JewishWorldReview.com | What you need to know about reverse mortgages and immediate annuities before you buy.


REVERSE MORTGAGES


  • The pitch. Enjoy life without mortgage payments.

  • How they work. A reverse mortgage is a loan against your home that doesn't have to be repaid until you sell, move out for at least 12 months, or die. The size of the loan is based on your home's appraised value, your age and current interest rates.)

  • The cost. The standard version imposes a 2-percent mortgage insurance premium on the home's value, even if you borrow much less. You'll also pay loan origination fees, closing costs, interest and servicing fees. These costs can be rolled into the loan, but doing so will reduce the amount you receive.

  • Pros. A reverse mortgage doesn't have to be repaid as long as you remain in your home. Some seniors use the money to supplement living expenses; others use it to make their homes more accessible for disabled residents.

  • Cons. In addition to high initial costs, you're tapping home equity that you may need later in life for emergencies. And if you don't keep up with insurance, maintenance and property tax payments, you could face foreclosure.


IMMEDIATE ANNUITIES


  • The pitch. Make your savings last as long as you do.

  • How they work. In exchange for a lump sum, an insurance company agrees to give you a monthly check for the rest of your life, or for a specified period.


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  • The cost. The amount is built into the payout, which makes it fairly easy to compare policies. For example, a 65-year-old man with $200,000 to invest would qualify for monthly payments ranging from $983 to $1,091, according to www.immediateannuities.com.

  • Pros. If you're concerned that you may run out of money in retirement, buying an immediate annuity guarantees fixed payments. Buying an annuity also relieves you of the responsibility -- and risk -- of investing the money and calculating annual withdrawals.

  • Cons. With most policies, you can't get your money back. Low interest rates reduce the size of your payout, and inflation will shrink its purchasing power. You can buy an immediate annuity that's adjusted for inflation, but your initial payout will be lower.

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Sandra Block is a senior associate editor at Kiplinger's Personal Finance magazine.



All contents copyright 2013 Kiplinger's Personal Finance Distributed by Tribune Media Services. All rights reserved.

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