Reuters Money: Why you may retire in poverty

	Click to View in Browser 08/8/2012 Why you may retire in poverty Today's seniors are more affluent than the general population. But the generations that follow them - starting with the baby boom generation - will not be as fortunate. The decline of pensions, the erosion of Social Security and the housing crash all are pointing toward a new crisis of poverty among lower- and middle-class seniors in the years ahead. U.S. investors, not fans, may root for Manchester United IPO NEW YORK/LONDON (Reuters) - An unusual sight greeted guests at New York's posh St. Regis hotel on Monday: dozens of investors trickled out carrying red Manchester United hats and soccer balls after a marketing event for the British soccer club's upcoming initial public offering. Sending your kid back to school? It's going to cost you NEW YORK (Reuters) - Brooklyn's Juliette Posner remembers the exact moment she realized just how broke public schools really are. Home prices rose in June: CoreLogic NEW YORK (Reuters) - Home prices rose in June, boosted by tighter inventory, in a fresh sign the recovery in the housing market was gaining traction, data from CoreLogic Inc showed on Tuesday. Fidelity adds $25 billion in retirement assets in first half (Reuters) - Fidelity Investments said on Tuesday that it had added $25.2 billion in retirement accounts to administer during the first half of 2012, a 36 percent increase over year-earlier levels, after signing up Kraft Foods Inc and cost-conscious university plans that are consolidating vendors. No increase in Medicare drug costs for seniors WASHINGTON (Reuters) - Medicare participants enrolled in the health insurance program's prescription drug benefit should see their premium cost remain steady next year, health officials said. Like land mines? You'll love banks: James Saft (Please note that paragraph 5 contains language some readers may find offensive.) How to play it: Bottom feeding on real estate (Reuters) - As the global economy grinds through a slow recovery, some investors are returning to the sector that led to the downturn in the first place: U.S. real estate. Appraisers are your gatekeepers to gift tax deadline CHICAGO (Reuters) - Faced with the possibility of the lifetime gift tax exemption dropping precipitously next year and the estate tax rate rising, wealthy individuals are rushing to transfer their assets to family members. Four reasons to worry about municipal bonds CHICAGO (Reuters) - Given the recent scandal over Libor pricing, it's easy to think that municipal bond markets may be the next to be outed for pricing irregularities. Related Video More brokers throwing in the towel Investors hit the hold button Business News Wall Street dips at open after three-day run Regulators irate at NY action against Standard Chartered The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend