Money and Work

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.

Free Financial Advice? What’s Not to Like?

Need financial advice on estate planning, retirement savings or something else? You can get it for free. From Sept. 27 through Nov. 8, hundreds of financial planners will be available to meet one-on-one with people in 25 cities in an annual event called Financial Planning Days. The initiative, in its fifth year, is sponsored by the Certified Financial Planner Board of Standards, the Financial Planning Association, the Foundation for Financial Planning and the U.S. Conference of Mayors. >> 8 Hidden College Expenses Financial …

Holiday Hiring Season Should Be Jolly

If you’re looking for work this holiday season, there’s reason to be ho-ho-hopeful. Employers are expected to hire more than 800,000 seasonal workers as the economy continues to improve and consumer spending picks up, according to an annual holiday hiring forecast. John A. Challenger, CEO of the outplacement consultancy Challenger, Gray & Christmas in Chicago, which issued the forecast, says the hiring spree will take place in October, November and December. If his projections are correct, it would be the first …

Cost of Retiree Dental Plans May Give You a Toothache

Boomers retiring without dental benefits, and Medicare recipients who don’t have a Medicare Advantage plan, may be surprised and dismayed by the latest study on the cost of dental coverage. Consumers paid an average $382 annual premium for a stand-alone dental plan through a government exchange this year, and that didn’t include deductibles and copays, according to the analysis of dental plans on the federal exchange by the website HealthPocket, which compares health plans. Deductibles averaged about $500 a year …

Rx for Happy Retirement: Staying Healthy

Staying healthy and how to pay for it are the top concerns for boomers and retirees, a study has found. An overwhelming majority of retirees (81 percent) said that good health is the single most important factor for a happy retirement; financial security, by comparison, ranked a distant second (58 percent), the study found. >>  7 Things to Do in Your Bedroom That Can Save Your Life Boomers said that not being able to pay for health care expenses in retirement was their biggest fear, regardless of their …

Want to Buy Happiness? Indulge in an Experience

Want to buy happiness? Then spend your money on an experience, like concert tickets or a trip to the U.S. Open, instead of buying new clothes or a big-screen TV. New research from Cornell University finds that using your money to do something makes you happier than purchasing material goods. In fact, just thinking about making vacation plans or going to the symphony raises your level of happiness more than anticipating a purchase like furniture or a computer. What if …

Data Breach Hits Major Banks

JPMorgan Chase and at least four other major U.S. financial institutions are reporting hack attacks by cyber criminals who lifted customers’ personal information, according to published accounts. The attacks, which apparently took place in August, stole customer data that could be used to drain checking and savings accounts, Bloomberg News said, citing sources briefed by law enforcement. News accounts didn’t name the other banks targeted in the cyber theft or disclose how many customers may be at risk. Banks must …