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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

Is It a Good Time to Find Work? Most Say No

Posted on 03/21/2014 by |Money and Work | Comments

Bulletin Today | WorkHow do Americans view today’s job market? Apparently not favorably. In a Gallup poll of 1,048 adults in March, more than two-thirds (68 percent) said now is not a good time to find a quality job. Only about 1 in 4 (28 percent) were positive about the odds of landing a position, the highest measure since the start of the economic downturn in January 2008. >> Sign up for the AARP Money newsletter Older workers were even more pessimistic. Among those …

Money Questions? Carrie Schwab-Pomerantz Answers Them

Posted on 03/21/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsCarrie Schwab-Pomerantz (yep, Chuck’s daughter) doesn’t want you to lie awake at night, worrying about whether you’ll be able to afford to retire. Instead, she wants you to consult her new compendium for advice, not unlike the way patients thumb through a medical reference guide to learn about a particular disorder. The chapter titles in The Charles Schwab Guide to Finances After Fifty are similar to the questions in Ask Carrie, her syndicated personal finance column. Are you in your 60s and way …

IRS Owes You $760 Million in Refunds

Posted on 03/19/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsNo, it’s not opposite day. The IRS really does owe almost 1 million taxpayers like you nearly $760 million in refunds — or a median $571 for about half of those owed money. The IRS says the refunds are owed to people who didn’t file a federal income tax return for 2010. But here’s the catch: To collect the money, you’ve got to file a 2010 return with the IRS no later than Tuesday, April 15. “We encourage students, part-time workers …

Rate Reset for Some Homeowners May Trigger Defaults

Posted on 03/12/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsThe home foreclosure crisis that swept through the nation during the Great Recession may not be over for thousands of troubled borrowers. Some homeowners who sought help from the government’s Home Affordable Modification Program (HAMP) are about to see their mortgage payments rise this year. In some cases, those payments could eventually go up by more than $1,000 a month, according to the Washington Post. The loan modification program lowered monthly mortgage interest rates for some 1.3 million at-risk homeowners …

401(k) Fees Need More Transparency, Labor Dept. Says

Posted on 03/11/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsMemo to 401(k) savings plan service providers: You’re ignoring the intent of Labor Department disclosure rules when you bury the expenses and fees for those plans in a mountain of paperwork, using language only legal experts can decipher. If investors don’t know or understand how much they’re paying in fees associated with different investment options, for example, how can they know if they’re overpaying for certain funds and limiting retirement balances from increasing more fully? Phyllis C. Borzi, the assistant secretary of …

Employers Shift More Health Care Costs to Workers

Posted on 03/7/2014 by |Money and Work | Comments

Bulletin Today | WorkIt’s not that your paycheck feels smaller. It is smaller, thanks to the bigger portion that health care costs are siphoning from your take-home pay. Employers year after year have shifted more of the burden for health insurance costs to workers. And it’s no different for this year. Employees’ premiums rose by nearly 7 percent to $2,975 for 2014, not counting out-of-pocket costs, according to a survey released this week by Towers Watson and the National Business Group on Health, …