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Rick Levinson

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Rick Levinson is Money Team editor for AARP Media.

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New IRS Message to Taxpayers: We’ve Got Your Back

Posted on 04/4/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsThe recently installed head of the Internal Revenue Service, John Koskinen, dropped in on members of the media the other day at the National Press Club in Washington. His message: The tax collection agency is out to restore public trust amid accusations the IRS acted inappropriately in reviewing tax-exempt status for certain public welfare groups, known as 501(c)(4) organizations. “Taxpayers need to be confident that the IRS will treat them fairly. It doesn’t make any difference who they are, what …

Bitcoin Bit by Hackers

Posted on 02/25/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsSo it seems Japan-based Mt. Gox, the largest exchange for bitcoins, the  virtual-currency released in 2009 by an anonymous creator, got ripped off by hackers. While we may not actually know the total amount taken,  it may be large enough to push the company into bankruptcy. The bitcoin program, as the New York Times explains, “runs on the computers of anyone who joins in, and it is set to release only 21 million coins in regular increments. The coins can be moved …

Older Unemployed Face a Tough Road

Posted on 01/2/2014 by |AARP Blog Author | Comments

WorkWhat’s the prognosis for the older long-term unemployed? Grim. That’s the takeaway from “Set for Life,” a new American Public Television documentary underwritten by the AARP Foundation. The hour-long program tracks several primary breadwinners who have lost their jobs, the effect that has on their families and their efforts to land a new one. The program catalogs the dismantling of the American Dream – an informal compact that assured workers of relative job stability, health care, and the opportunity to …