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Recent Money & SavingsPosts

Are Your Electronic Social Security Benefits Safe?

Posted on 06/19/2013 by | Money and Work | Comments

Bulletin Today | Money & Savings | WorkAs Social Security paper checks have been replaced by electronic bank deposits, something unexpected and alarming has occurred. Thieves are increasingly stealing beneficiaries’ payments by rerouting them into their own accounts or onto a debit card. Between October 2011 and June 2013, an astounding $28 million in benefit payments had been stolen. On June 19, the U.S. Senate Special Committee on Aging brought together a panel of advocates and victims to examine the issue and figure out what can be …

How to Cut $200 Billion in Health Care Costs

Posted on 06/19/2013 by | Health | Comments

Bulletin Today | Money & SavingsBy Julie Appleby, Kaiser Health News The U.S. spends $200 billion each year — about 8 percent of the nation’s health care tab — on medical care stemming from improper or unnecessary use of prescription drugs, a new report out Wednesday says. Much of those costs result from unneeded hospitalizations or doctor visits, according to the study by the IMS Health’s Institute for Healthcare Informatics, which provides data and other consulting services to the health care industry. Medical costs are driven …

Cheap Fun With Upcycling

Posted on 06/19/2013 by | The Ultimate Cheapskate | Comments

Home & Family | Money & SavingsThis week’s episode of “The Cheap Life” is full of ideas on how to “upcycle” or reuse some items around your house like redecorating a brick with pottery or glass pieces or how to spruce up a table lamp. Think you have the craftiest upcycling project? Share it with us in the comments section below the YouTube video for a chance to win a $50 gift card!

Average 401(k) Balances for 55-Plus: $255,000

Posted on 06/17/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsHell-o 401(k). So nice to see you increasing in value. Here’s hoping for a record second quarter just like the first. Strong employee/employer contributions and a rocking stock market boosted the average 401(k) balance during the first three months of the year. It hit $255,000 for participants age 55 and older who worked at their current employer for 10 years or more, according to a Fidelity Investments quarterly analysis of its 401(k) accounts, which had more than 12 million participants. …

Celebrate “National Splurge Day” the Cheapskate Way

Posted on 06/17/2013 by | The Ultimate Cheapskate | Comments

Money & Savings | Your LifeDid you know that June 18 is National Splurge Day? I kid you not. It’s the one day of the year when it’s officially OK to pull out all the stops and indulge yourself, assuming that that’s not already your standard operating procedure when it comes to spending money the other 364 days of the year. See also: Tips for cheap summertime fun As America’s Cheapest Man, I’m sometimes asked if I ever splurge and buy something. In fact, I’ve been …

Dad’s Legacy of Debt Inspired a Movement

Posted on 06/14/2013 by | AARP Blog Author | Comments

Money & SavingsThis is a guest post by Jeff Rose. Fathers tend to leave lasting memories behind for their children. Fond summer memories for some might involve playing catch or ‘HORSE’ basketball, going fishing, or grilling hot dogs that tasted just right. For me, my father’s legacy was debt. Growing up, my father gave me everything: love, support and understanding. I cherished every moment with him and I wouldn’t trade those experiences for the world. When I got older that I started to realize that my dad …

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