| Retirement village residents sent eviction notices
EMMA ALBERICI: Five hundred elderly residents may soon find themselves homeless, after being told that their retirement villages must be vacated by the end of May.
The 10 retirement villages around Australia are managed by Village Life and owned by the Gold Coast property group MFS Diversified Trust.
Residents in these homes, some aged in their nineties, have received letters telling them that they must move out by May the 28th.
One aged care group says it's a crisis for these people who are mainly low-income pensioners with nowhere else to go.
Alison Caldwell reports.
ALISON CALDWELL: The World Today understands Village Life wrote to the residents telling them that the owner MFS would be taking vacant possession of the 10 villages at the end of May.
American Financial Group, Inc. Declares Quarterly Dividend
CINCINNATI -- American Financial Group, Inc. (NYSE:AFG)(NASDAQ:AFG) announced that it has declared a quarterly dividend of $0.10 per share of American Financial Group Common Stock. The dividend is payable on April 25, 2007, to holders of record on April 13, 2007. Through the operations of the Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed, indexed and variable annuities and a variety of supplemental insurance products.
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Good news for carers
YEOVIL MP David Laws has welcomed a Government decision to accept a LibDem amendment to the Pensions Bill which is going through Parliament. The effect of the Government's decision will be to ensure that 40,000 more carers get the Basic State Pension. Mr Laws said: "I am delighted that the Government has conceded that their pension plans prevented many carers from building an entitlement to the Basic State Pension and that they will take steps to put this right. .
Timberland Investments Net High Returns
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Delay retirement to clear out credit-card debt
Dear Bruce: I am a 66-year-old single female who has been living beyond my means for several years. I find myself $26,000 in credit-card debt, and I want to pay this off before I officially retire. I took an early-retirement package from my previous job, which gave me $200,000 to put into my 401(k). I transferred these funds to an IRA, where it is invested and growing, but I seem to need to draw on it every year because of my out-of-control spending. I earn $43,000 annually at my present job, and I am putting away 5 percent of my earnings in a separate 401(k) account, which is up to $12,000 at this point. I own my own condo, which is a co-op, where I purchased one share in a 120-unit complex (government mortgage) and pay a maintenance fee of $550 a month. The condo association pays all expenses, except cable and telephone.
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