Personal Finance Daily: Tips to deal with retirement health-care costs

	Personal Finance Daily MAY 09, 2012 Wednesday's Personal Finance stories By MarketWatch Don't miss these top stories: Your retirement health-care tab will run $240,000 Avoid these 10 money mistakes your parents made Unfairness to homeowners blocks recovery The latest estimate from Fidelity Investments finds that a 65-year-old couple retiring this year and Medicare-eligible will pay $240,000 for health care in retirement. And get this: That number likely is underestimating the cost for many people, given that it doesn't include dental care and long-term care. Read our story for strategies on how to deal with health-care costs in retirement. Plus, find out what college grads should know about avoiding 10 big money mistakes their parents made. And don't miss our story on how discrimination against homeowners—the one type of property owner generally not allowed to reduce their loan balance to the property's current value—may be hindering an economic recovery. — Andrea Coombes , Personal Finance editor Your retirement health-care tab will run $240,000 Retirement health-care costs are enough to cause a severe anxiety attack. Even with Medicare benefits, a 65-year-old couple retiring in 2012 will spend at least $240,000 in retirement, according to the latest estimate from Fidelity Investments. Here's how to deal. Your retirement health-care tab will run $240,000. Avoid these 10 money mistakes your parents made The best advice for college grads? Avoid the financial traps into which many adults have fallen. Avoid these 10 money mistakes your parents made. Unfairness to homeowners blocks recovery Our legal system permits every kind of property owner to reduce their mortgages, with one exception: homeowners. Unfairness to homeowners blocks recovery. ECONOMY & POLITICS How banks aided Lugar opponent Dick Lugar got on the wrong side of banks, and paid for it. Last year, Lugar—who suffered a stinging defeat in Tuesday night's primary at the hands of state Treasurer Richard Mourdock—and other Republicans voted against the banking industry on an amendment that would have blocked caps on debit card swipe fees. How banks aided Lugar opponent. Fed reform plans percolate on Capitol Hill Key members of Congress presented distinctly different measures Tuesday to fundamentally reform the Federal Reserve, a sign that the central bank remains very much under the microscope in the wake of the extraordinary policy steps it took during and after the financial crisis. Fed reform plans percolate on Capitol Hill. Political focus on Bank of Japan is necessary evil Political meddling in monetary policy could be a bitter pill for the Bank of Japan to swallow, but it would be a necessary evil to pull the country out of its long economic stupor, say scholars and economists. Political focus on Bank of Japan is necessary evil. INVESTING Major correction unlikely Contrarians believe that a correction in excess of 10% is unlikely anytime soon. That's because there is little evidence of the stubbornly held bullishness that is the typical hallmark of major tops. Major correction unlikely. Odd bedfellows behind the euro's resilience To volatility-loving currency traders, the euro has been a source of great frustration, writes Michael Casey. Odd bedfellows behind the euro's resilience. Yahoo CEO didn't have to get 'Minkowed' Yahoo Inc. Chief Executive Scott Thompson should have read Al Lewis's 2009 column, which explained how lies on resumes just open the door to more investigations. Yahoo CEO didn't have to get 'Minkowed.' S&P 500 losses wipe out earnings-related gains The S&P 500 erases the gains associated with a strong earnings season, writes Tomi Kilgore. S&P 500 losses wipe out earnings-related gains. Shareholders' revolt will shift markets, economies Shareholders of the largest companies are revolting against lavish pay packages granted to underperforming CEOs. Their revolt will be good for markets and economies, writes Matthew Lynn. Shareholders' revolt will shift markets, economies. How to get a piece of Facebook Here's how to get in on the Facebook IPO, but smart wallets may not open so quickly, writes Carol Kopp. How to get a piece of Facebook. Does Andrew Ross Sorkin annoy you, too? Does Andrew Ross Sorkin turn off viewers to CNBC? media columnist Jon Friedman asks. Does Andrew Ross Sorkin annoy you, too? Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. 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