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Money & Savings

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

How to Avoid Robocall Scams

Posted on 08/1/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsAt least one of every five phone calls now made is a robocall, and many are the work of scammers. You may hate these automated annoyances, but scammers love them: They’re cheap, far-reaching and hard to trace. No surprise that the Federal Trade Commission receives some 200,000 complaints about these calls each month. Here’s what you need to know: 1. If they’re selling, assume they’re scamming. Fraudsters may tout “free” in their recorded messages, but ask yourself this: Since when …

Save Money, It’s Sales Tax Holiday Time

Posted on 07/31/2014 by |Online Executive Producer | Comments

Bulletin Today | Money & SavingsIf you’re in the market for a new computer or even just some clothes, you may be able to purchase these items free of local and state sales taxes. Fourteen states are participating in sales-tax holidays between Aug. 1 and the end of September. Depending on your state’s guidelines (some set a maximum dollar amount on how much you can buy), you can purchase clothing, shoes, school supplies and even computers without paying any sales tax. >> Get discounts on electronics with …

Lawmakers Urged to Act Soon to Shore Up Social Security

Posted on 07/28/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsThe financial outlook for Social Security remains largely unchanged from last year, with the combined trust funds that pay benefits to retirees and workers with disabilities expected to exhaust reserves in 2033, according to a government report released today. After that date, money coming into the system would be enough to cover 77 percent of benefit obligations, according to the Social Security trustees report. At a news conference on Monday afternoon, Treasury Secretary Jack J. Lew said Social Security and Medicare are …

Another AARP Spoofing Scam Surfaces

Posted on 07/25/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & Savings | TechnologyRobocalls continue to falsely claim that AARP is providing “free” medical alert devices (I got one just yesterday, with a displayed caller ID number belonging to a local swim club), and now there’s a new ruse faking the AARP name. This time, live representatives claim to be calling on behalf of “AARP Member Advantages,” asking you to “verify” personal information based on the lie that it’s a requirement of the U.S. government if you want to continue participating in AARP-related services …

Money-Market Funds Just Got Safer..Or Did they?

Posted on 07/25/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsAfter years of debate, the Securities and Exchange Commission this week finally adopted new rules designed to shore up the stability of the $2.6 trillion money market  industry. The question now is, will it help? While the changes largely affect institutional investors, one provision also applies to small investors by temporarily restricting their access to their money if a fund has liquidity problems. For decades money market funds were seen as reliably boring, investing in government securities or high-grade corporate debt. Though the funds’ …

Are Medical Credit Cards Unhealthy for Finances?

Posted on 07/23/2014 by |Senior Editor, Money Team | Comments

Money & SavingsYou need some expensive medical care yet don’t have the insurance or money to pay for it. Should you use a medical credit card that’s pitched at some doctors’ offices? A new report by the nonprofit Consumer Action warns that some of these cards can be unhealthy for your finances. They usually offer a zero percent introductory rate, though after that period, card terms can vary greatly. The problem is that these terms often are difficult to uncover. So patients …