Personal Finance Daily: Working until 70 is better than 'forever'

	Personal Finance Daily JULY 10, 2012 Tuesday's Personal Finance stories By MarketWatch Don't miss these top stories: The new retirement age: 70 Ruling poses tax issues for same-sex couples Road trip across economic America 4 portfolio risks and how to manage them Bank living-will plans center on fire sale hopes Does the idea of working until you're 70 fill you with horror, or seem like a common-sense goal? Your answer may well depend on the type of job you have, the state of your retirement savings, your health, and more. But for the many Americans who respond, in surveys, that they will be forced to work forever—thanks in large part to the hit their savings took in the financial crisis—maybe 70 is not so bad after all. Check out Glenn Ruffenach's piece today to find out why 70 may be the new retirement age. Plus, don't miss Eva Rosenberg's TaxWatch column on how a recent district-court ruling has big implications for same-sex couples. –Andrea Coombes , Personal Finance editor The new retirement age: 70 Working beyond your planned retirement date might be the best way to secure your financial future—but you might not have to work for as long as you fear, according to the results of a new study. The new retirement age: 70. Ruling poses tax issues for same-sex couples A district-court ruling that finds the federal Defense of Marriage Act unconstitutional raises thorny tax questions for same-sex couples, writes Eva Rosenberg. Ruling poses tax issues for same-sex couples. ECONOMY & POLITICS Road trip across economic America Writing on the Wall drove across America to relocate on the West Coast. Ten days on the road the column found an America in debt, under- or unemployed, signs of stimulus, lingering housing woes, unemployment and new technology. Road trip across economic America. Bank living-will plans center on fire sale hopes Living will plans submitted by nine of the world's biggest banks last week at their core are blueprints for firesales that many outside experts say are implausible. Bank living-will plans center on fire sale hopes. The future is not what it used to be As the U.S. economy rounds the midyear turn, the outlook for the rest of the year has darkened considerably, writes Irwin Kellner. The future is not what it used to be. Post-AIG derivatives rules unleashed by CFTC The nation's commodity's regulator votes to define which derivatives will be considered swaps, letting loose a number of transparency-focused regulations for the $650 trillion global industry, considered a key contributor to the financial crisis of 2008. Post-AIG derivatives rules unleashed by CFTC. China imports disappoint, exports slow China's imports grow at a weaker-than-expected rate in June while exports also slow, adding to growing evidence of a deepening slowdown and raising pressure on policy makers for more direct stimulus. China imports disappoint, exports slow. Europe to extend Spanish deficit deadline Europe moves further down the path of providing relief for its struggling members, agreeing an extension of Spain's budget targets and moving closer to providing financial assistance to Spain's banks. Europe to extend Spanish deficit deadline. Four fiscal cliffs ahead, and a jobs war Election wars are masking the fiscal cliff that America is destined to drop off in early 2013. But it's really four fiscal cliffs, and the coming jobs war is the biggest threat of all, writes Paul Farrell. Four fiscal cliffs ahead, and a jobs war INVESTING 4 portfolio risks and how to manage them Take the time to study the risks inherent in your mutual funds to determine if there's anything amiss that could derail your goals., writes Werner Renberg. 4 portfolio risks and how to manage them. RIM shareholders don't go far enough Voting results at annual meeting place some blame for RIM's woes on longtime board members, but votes don't go far enough, writes Therese Poletti. RIM shareholders don't go far enough. Diamond is getting his real bonus: freedom As the Libor scandal drags on and more banking leaders are implicated, the question is: How does the collective outrage of regulators, politicians and the public translate into punishment for those responsible? Diamond is getting his real bonus: freedom. Should you sell a dull market short? A decline on light trading volume: That's most definitely what we experienced on Monday and, according to the conventional wisdom, we should get ready for more — on both counts. But is that wisdom correct? Should you sell a dull market short? Investors like Levinsohn as Yahoo's CEO The Internet pioneer needs to name its permanent CEO soon, with Ross Levinsohn as Wall Street's hoped-for leader. The company needs to focus on its business issues and try to get revenue growing again. Investors like Levinsohn as Yahoo's CEO. 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. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. 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