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McCain proposes suspending mandatory stock sales

By PHILIP ELLIOTT

Published: Oct 10, 2008

John McCain proposed Friday that the elderly be allowed to hang on to the stocks in their retirement funds and not be forced to sell them in a bad market.

The Republican presidential candidate would suspend requirements that people start selling off retirement investments when they turn 70 and a half.

"Spare investors from being forced to sell their stocks just in time when the market is hurting the most," McCain said to cheers at a western Wisconsin rally. "We have to protect investors, particularly those who are relying on investments for retirement."

Retirees forced to sell stocks in the continuing market chaos are taking tremendous losses. The Dow Jones industrials dropped 21 percent of its value in 10 trading days, and swung wildly in early trading Friday while the financial crisis deepened globally. More

Oct 08, 2008

• Unclear how much pounding new hips, knees can take

One in 75 patients who gets a knee or hip replaced must get it replaced again within three years, new research finds, although the studies underscore a question: Just how much pounding can a new joint take if you want it to last?

Oct 08, 2008

• Retirement accounts have lost $2 trillion _ so far

Americans' retirement plans have lost as much as $2 trillion in the past 15 months - about 20 percent of their value - Congress' top budget analyst estimated Tuesday as lawmakers began investigating how turmoil in the financial industry is whittling away workers' nest eggs.

Oct 07, 2008

• JANE GLENN HAAS: Does video invade privacy or ensure protection?

Ten years have passed since gerontologist Jacqueline L. DuPont put cameras in the bedrooms of her residential care clients with Alzheimer's. The move was controversial, to put it mildly.

Oct 07, 2008

• Social Security Q&A

Question: Does Social Security have online tools to help me plan my retirement?

Oct 07, 2008

• JANE GLENN HAAS: Put older drivers to the test

If you drive a car and you're over 65, you aren't going to like what I'm about to say. But here goes: You should be required to pass a behind-the-wheel driving test.

Oct 07, 2008

• Some near retirement are waiting out the financial crisis

Jean Knoll figures that at age 60, she doesn't have 15 years for her investments to recover from a Wall Street meltdown.

Oct 07, 2008

• Task force: Colon cancer screenings can stop at 75

Most people over 75 should stop getting routine colon cancer tests, according to a government health task force that also rejected the latest X-ray screening technology.

Oct 06, 2008

• Older voters key bloc in swing states

Like any good political operative, 80-year-old Frank Elwood checked a "street list" that broke down the party registration for members of his retirement complex, and found that Republicans outnumbered Democrats and independents 2-to-1.

Oct 02, 2008

• Stock losses take heavy toll on retirement savings

So close and yet so far. It's a frustration being felt by Americans who thought the finish line to their working life was almost in sight.

Oct 01, 2008

• Money not the motive for many to work until 67

For medical office manager Sue Stein, working past the typical retirement age was a choice she made because she's still having fun at her job and likes the lively banter with the young medical students around her.

Sep 30, 2008

• JANE GLENN HAAS: Her vegan way has tongues wagging

Carol Inman is a gutsy gal.

Sep 30, 2008

• Social Security Q&A

Q: Can I apply for Supplemental Security Income (SSI) online?

Sep 29, 2008

• Typical nursing home generates 7 deficiencies

The typical nursing home was cited for seven health and safety deficiencies last year, with for-profit homes more likely to have problems than facilities run by local governments or non-profits, federal investigators said Monday.