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Carole Fleck

Biography:

As a senior editor for AARP Media, Carole Fleck covers personal finance, the economy, older worker, retirement planning and other news affecting people 50-plus.

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Carole Fleck'sPosts

Fed Report Paints Dreary Retirement for Some

Posted on 08/11/2014 by |Money and Work | Comments

WorkFive years after the Great Recession, many Americans say they’re still struggling to get by financially. Nineteen percent of adults ages 55 to 64 say they have no retirement savings or pensions to fall back on, according to a survey by the Federal Reserve. Also troubling was that an additional 20 percent of people age 60 and older say they’ve given no thought at all to planning for their retirement. That was also the case for about 19 percent of …

Kids’ Best Financial Adviser: Grandma and Grandpa

Posted on 08/6/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsGrandparents apparently hold more sway over their grandchildren’s saving habits than they know. According to a survey by TIAA-CREF, a New York-based financial services firm, most young adults (73 percent) say their grandparents do influence their money decisions and more than half call their elders excellent savers. Yet few grandparents capitalize on their standing: Only 8 percent say they’ve had or are likely to have a conversation with their grandchildren about money. >> Sign up for the AARP Money newsletter Among …

Your New Retirement Number: $58,000

Posted on 08/6/2014 by |Money and Work | Comments

WorkFinancial experts seem to speculate endlessly about boomers’ projected lifestyle in retirement based on their savings and spending patterns. Now a new survey that polled recent retirees about their standard of living has found that, for some, you don’t need a lot of money each year to retire comfortably and live happily. According to the survey by Baltimore-based investment firm T. Rowe Price, recent retirees report living on 66 percent of their pre-retirement income on average — $58,000 annually — and …

Need a Job? This Search Tool May Help

Posted on 07/22/2014 by |Money and Work | Comments

Bulletin Today | WorkLooking for work? A new interactive mapping tool helps job seekers pinpoint the cities, counties and states with the best opportunities for their particular skills. Users plug in their occupation, and a free, color-coded U.S. map from Glassdoor, a job search website, highlights the areas with the most job openings for their line of work. A nurse who clicks on the map, for example, will find that Texas has more than 40,000 openings. Zoom in further and the map will show that Dallas alone …

Most Medicare Recipients Have Modest Incomes

Posted on 06/20/2014 by |Money and Work | Comments

Bulletin Today | WorkIf you’ve ever wondered about the finances of people receiving federally funded Medicare benefits — are they wealthy, poor or somewhere in between? — a new chart provides some clues. This interactive infographic, released by the Kaiser Family Foundation, takes into account assets, income, age and more as it delivers a financial picture of the estimated 52.4 million people on Medicare. The graphic also includes projected data for 2030, so you can see how current recipients measure up against future beneficiaries. >> Sign up for the AARP Money …

GE Capital Ordered To Pay $225 Million To Consumers

Posted on 06/19/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsGE Capital Retail Bank must shell out an estimated $225 million to consumers to settle government claims that it discriminated against Hispanic credit card customers and persuaded other card holders to buy add-on products that promised to cancel part of their debt if they became disabled, lost a job or suffered from another hardship, the Justice Department announced Thursday. “We will continue to take action against marketing tactics that trick consumers into buying credit card products they do not want or cannot use,” …