The recession has been hard on retirees for a number of different reasons, but at least they have a good option to turn to.

According to an article in Newsweek, the “over-55 crowd” is now the most likely to file for bankruptcy.  A confluence of events lead to this, and here are some of the causes: [...]

If your employer files for bankruptcy your retirement plan could be at risk.  Here’s what you need to know:

If your employer files Chapter 7 bankruptcy, which is a total liquidation, your pension plan will be automatically terminated.
Pension plans which are terminated in Chapter 7 [...]

According to an article in the Dallas Morning News, over 50 million Social Security recipients, many facing foreclosure and bankruptcy, will not receive a cost of living increase for the first time since cost of living increases were adopted in 1975. Why?  Supposedly the prices of critical consumer goods are falling. But I guess they [...]