INFOGRAPHIC: The Best Retirement Options For Baby Boomers

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What are the best options for baby boomers who want to retire? In these harsh economic times, it's often hard to tell.

Coupon Cabin released this infographic today illustrating just who falls under the "baby boomer" umbrella and how feasible retirement may be for them, given their saving and spending habits, pension and Social Security payouts, and retirement destination of choice. Turns out a tropical locale may be the most frugal choice of all.

Take a look at the infographic below:

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Greek Finance Minister Describes Options: 20% Haircut, 50% Haircut, Disorderly Default

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Greek Financial Minister Evangelos Venizelos has told fellow socialists he sees three scenarios for Greece, according to Ta Nea via Bloomberg.

In the "good" scenario, Europe hands over the bailout money along with a 20% writedown for bondholders.

In the "better" [second best] scenario, the bailout accords fall apart and Greece enters an orderly default with 50% haircuts.

In the "bad" scenario, the bailout accords fall apart and Greece begins a disorderly default.

This isn't an official position, however, and a government spokesperson has dismissed report, according to Reuters.

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Morgan Stanley Hit With $9.3 Million Lawsuit Over Sino-Forest Options

Hong Kong-based hedge fund Oasis Management is suing Morgan Stanley for $9.3 million over options bought in Sino-Forest, Bloomberg reports.

Here's what Oasis claims. [via Bloomberg]

Morgan Stanley failed to settle the options contracts in an effort to “limit its liability,” Oasis said in a lawsuit filed in London in July.

What supposedly happened was Oasis bought options to sell Sino-Forest for C$19 on May 12. 

Then about three weeks later, Sino-Forest's stock price plummeted after short seller Carson Block's research firm Muddy Waters said in a report that Sino-Forest had overstated its timberland holdings. Shares of the Hong Kong- and Mississauga, Ontario-based timberland company have dived 74% since June 1 -- the day before the report was released.

In order to settle the suit, Morgan Stanley would have to pay Oasis C$7.5 million, Bloomberg reports, citing the hedge fund's court filing. 

The filing also said that the put options are valued at C$9.5 million compared with C$2 million for the equivalent shares, the report said.  Back in May, Oasis claimed it paid Morgan Stanley a premium of C$770,000 for the options.

Oasis also alleges that Morgan Stanley claimed that the options were terminated because trading in Sino-Forest's shares was suspended.

Canadian regulators halted trading in shares of Sino-Forest on August 26, saying the Hong Kong- and Mississauga, Ontario-based timberland company may have engaged in fraud.

Oasis also said Morgan Stanley offered C$3.8 million to cancel the deal. 

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FED CONSIDERING 3 OPTIONS FOR NEXT ROUND OF EASING

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The WSJ's ace Fed reporter Jon Hilsenrath says the Fed is considering 3 options for further easing at its two-day meeting September 20-21.

They are:

So called "operation twist." Extending the duration of the Fed's bond portfolio by selling the short-end and buying more long-dated bonds, to push the end of the curve even lower.Another possibility is to reduce the interest on excess reserves that banks hold with the Fed as a spur to hold fewer reserves and lend more money.Finally, the Fed might use even clearer language to emphasize that it will hold rates very low for a long time.

Read the full WSJ report here >

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