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.

Good News for Older Workers

Older unemployed workers saw welcome gains in the job market in September as employers expanded their payrolls by a higher than predicted 248,000 jobs. The national unemployment rate for people ages 55 and older fell last month from 4.6 percent to 3.9 percent, a bigger drop than the rate for workers overall, the government said. For men ages 55 and older, the jobless rate dipped to 4 percent in September from 4.4 percent the previous month. Last year at this time …

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 …