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Informative Money and Saving blog from AARP. Check out our posts on money advice, financial tips, news, and more.

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Recent Money & SavingsPosts

Do You Worry About Money? Join The Club

Posted on 04/24/2014 by | Money and Work | Comments

Bulletin Today | Money & SavingsWhether you’re nearing the end of your working life — or still several decades away— Americans all share the same financial fear: Will I have enough money to retire? More than two in three Americans ages 30 to 64 say their top financial worry is whether they’ll be able to save enough to live reasonably well in retirement, according to a Gallup poll released this week. Not being able to pay for medical costs was the top money fear for …

Want Paper Social Security Statements? They’re Back

Posted on 04/23/2014 by | Money and Work | Comments

Bulletin Today | Money & SavingsFor those of you who liked getting your estimated Social Security benefits statements by mail, you’re in luck. The Social Security Administration says it’s planning to send out paper statements once again, beginning in September. Not everyone will get one, however. Only workers who haven’t signed up to review their statements online will be getting the paper version — and those will be mailed out only every five years rather than annually, says SSA spokeswoman Dorothy Clark. Related: When Should You …

Your Most Embarrassing Number, and It’s Not Weight

Posted on 04/23/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsWhich number is your most embarrassing –  age, weight or credit-card debt? Surprise, it’s debt, according to a poll by the National Foundation for Credit Counseling. Thirty-seven percent of nearly 2,200 respondents say they would be the most red-faced to admit their credit-card balances. Credit scores came in second on the shame scale, with 30 percent saying they would not be comfortable disclosing their number. Consumers have fewer qualms about divulging weight and bank balances, according to the foundation. (Twelve …

Some Student Borrowers Face Default If Co-Signer Dies

Posted on 04/22/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsMany parents and grandparents are aware of the hazards of cosigning an education loan, putting themselves on the hook to repay if the student doesn’t. Now another wrinkle has emerged that can end up hurting student borrowers: Under the terms offered by most private lenders, institutions can demand that borrowers immediately repay a loan in full if the cosigner dies or files for bankruptcy. These so-called auto-defaults can occur even if the borrower has been keeping up with payments. And …

Inside the Grandparents Scam: A Con Artist Reveals All

Posted on 04/21/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsDonald and Ola Mae got scammed doing what any grandparent would do. Peter got them because he knew that love, indeed, conquers all. The secret to Peter’s success, like that of any scammer, was to get Donald and Ola Mae to think with their hearts instead of their heads — to get them “under the ether,” as it is called. Think with your emotions and you don’t think rationally, and that’s what turns targets into victims. That’s why the Grandparents Scam …

Those Free Dinner Seminars May Give You Heartburn

Posted on 04/21/2014 by | AARP Blog Author | Comments

Money & Savings | Your LifeEver get those invitations for a free financial seminar at a restaurant? “Nothing will be sold — we only want to educate you on your financial future,” is the typical pitch. Most specify that “financial professionals may not attend.” However, I recently received one that didn’t exclude me, and decided to see what I might learn about my financial future. Here’s my experience and what you need to know. First, this wasn’t just some seminar at a local restaurant; this …