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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

A Big Problem With Fill-in-the-Blank Wills

Posted on 04/11/2014 by | Legal Grounds | Comments

Bulletin Today | Money & SavingsIt’s tempting, I know. You’re trying to save money. You don’t have lots of property to leave to others. Your estate isn’t complicated. So you go to an office supply store, bookstore or online legal site, grab a standard will form and fill it in yourself. That’s what Ann Aldrich of Keystone Heights, Fla., did back in 2004. She left her property to her sister, Mary Jane Eaton, and added in a clause stating that if Eaton died before she …

Fear Is Back! Jury Duty, Other Intimidation Scams Return

Posted on 04/11/2014 by | AARP Blog Author | Comments

Bulletin Today | Money & SavingsAs the forecast faithful can verify, March certainly came in like a lion. But out like a lamb? Scammers continue to be anything but sheepish in trying to steal your money and identity. Witness the recent return of the jury duty scam. That’s when fraudsters, posing as courthouse officials or police, telephone with claims you missed jury duty. Because of that, they threaten, you’re going to be arrested unless a fine is immediately paid — sometimes requested by credit card, but usually a …

Defaults Rise in Parent PLUS Loans

Posted on 04/11/2014 by | Money and Work | Comments

Bulletin Today | Money & SavingsParents who’ve taken out federal student loans to help pay for their children’s college education are increasingly finding themselves in serious financial trouble. Default rates on Parent PLUS loans have tripled in the last few years, according to federal data released this month. Some 5.1 percent of loans that originated in the 2010 fiscal year were in default three years later, according to U.S. Department of Education data released last week. Default rates were highest, at 13.3 percent, for Parent …

Medicare Patients Now Can Do a Check-Up on Doctors

Posted on 04/9/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsIn a major data release this morning, Medicare shared information on $77 billion in payments to more than 880,000 health care providers. Consumers for the first time can look up doctors, find out the number of procedures they have performed and how much Medicare paid. This is one piece of the puzzle for determining the overall value of care being delivered. The information, from 2012 Medicare Part B payments, already has generated some eye-popping articles, with reports of one Florida ophthalmologist receiving …

Spending on Cell Phone Service Increasing for Older Consumers

Posted on 04/9/2014 by | AARP Blog Author | Comments

Money & Savings | Public Policy InstituteCell phones have become ubiquitous—90 percent of adult Americans now own one—and that has impacted overall spending patterns for telephone service. Analysis of the latest federal Consumer Expenditure Survey finds that spending on cell phone service by consumers aged 50+ is continuing to increase while spending on traditional residential landline service is decreasing. Spending by consumers aged 50+ on telephone service grew in 2012, even as overall spending for utilities fell. A PPI analysis of expenditures on utilities by consumers …

Same-Sex Couples Still Waiting for Equal Treatment

Posted on 04/8/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsThe U.S. Supreme Court ruled the law that prevented same-sex spouses from enjoying federal benefits was unconstitutional nearly a year ago, yet the financial repercussions for these couples are still being worked through. Federal agencies have been updating their regulations to comply, and some have moved faster than others. And even among agencies that have acted, how they handle same-sex marriage differs. The IRS, for instance, says same-sex spouses now must file federal returns as joint filers or as married …