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Carole Fleck

Biography:

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

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Carole Fleck'sPosts

Minority Report: The Gap in Retirement Savings

Posted on 12/10/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsAfter a lifetime of working, millions of Americans, and minority workers in particular, face the prospect of a difficult retirement because they have no access to a 401(k) savings plan. Worse yet, among workers ages 25 to 64, a majority of black and Latino workers (62 percent and 69 percent, respectively) and more than one-third of whites (37 percent) have no retirement savings, according to a study by the nonprofit National Institute on Retirement Security. The report was based on …

New York Cracks Down on Sites With Payday Loan Ties

Posted on 12/5/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsIda Bibbs, a 71-year-old grandmother from New York City, wasn’t looking for a loan online, but who could resist a solicitation promising quick and easy money? No banks. No credit checks. The result, as it turned out, was a suffocating debt trap. Bibbs says she took out one high-interest, short-term loan after another from payday lenders online. First she borrowed $400, then $300 and finally $500, all in the last year.  She used the money to pay her rent — she’d …

Free Advice for Job Seekers

Posted on 11/26/2013 by | Money and Work | Comments

Bulletin Today | WorkA big job placement firm is offering job seekers, and workers who want to transition into another position, free call-in advice in December. >> Sign up for the AARP Health Newsletter John Challenger, CEO at Challenger, Gray & Christmas, says job counselors will offer strategies to help people become more effective in their search. It’s happening on Dec. 26 and 27, from 9 a.m. to 5 p.m. Central time (phone number 312-422-5010). More information about the annual call-in is available at …

Is Marriage More Loving, or Boring, in Retirement?

Posted on 11/20/2013 by | Money and Work | Comments

Bulletin Today | WorkIs marriage more boring or more fulfilling in retirement? (Hint: It’s better than you think.) Do spouses in blended families have different financial priorities for their own children than for their stepchildren? These were some of the questions that 5,415 people were asked in a study called “Family & Retirement: The Elephant in the Room.” Folks weighed in about their hopes and fears when they retire, whether they’d sacrifice their own financial security to help their adult children now, and …

Want Your FICO Credit Score for Free?

Posted on 11/19/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsSo you want to know your credit score but you don’t want to pay for it? You may be in luck. Accessing your FICO score, which lenders use to judge creditworthiness and decide whether to grant you that loan or credit card, is getting a bit easier. Discover Financial Services is the latest credit card issuer to provide its customers with their FICO scores if they qualify for one of their cards, Bloomberg reports. “Discover it” cardholders will be the …

AARP Debuts New Health Care Costs Calculator

Posted on 11/18/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsIt could be a costly mistake if you aren’t considering health care costs in your retirement plan, financial advisers tell us. According to the latest estimate by Boston-based Fidelity Investments, premiums, deductibles and other out-of-pocket expenses could cost a 65-year-old couple retiring today a hair-raising $220,000 — and that’s after Medicare coverage kicks in. Yet we seem to be a little short-sighted. In a recent Fidelity poll of more than 1,800 people, nearly half of adults ages 55 to 64 believe …