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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

Boomers: Save ‘Til It Hurts

Posted on 07/10/2014 by |Online Executive Producer | Comments

Money & SavingsOwn Your Tomorrow. OK, so even though that’s the tagline for Charles Schwab’s new advertising campaign, the message also rings true for the millions of Americans age 50 and older who need to keep their saving for retirement on track and take their financial future into their own hands. As part of an Opinion Leader speaker series at the Washington, D.C., headquarters of AARP, incoming CEO Jo Ann Jenkins and Charles Schwab Foundation President Carrie Schwab-Pomerantz discussed the roles that employers, schools and …

Silence Could Be Costly In Financial Planning

Posted on 07/9/2014 by |AARP Blog Author | Comments

Money & SavingsParents and their adult children say they want to have honest conversations about finances and retirement issues, but they just don’t agree on when to talk, according to a survey released today by Fidelity Investments. And when these discussions do eventually occur, they often don’t get down to the details needed for proper financial planning, the Boston-based investment firm found. Lauren Brouhard, senior vice president of retirement at Fidelity, urges families to bite the bullet and talk — before parents retire …

Who Weathered the Recession the Best?

Posted on 07/3/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsMany Americans are still reeling from the last recession, although the oldest among us weathered the economic decline better than other age groups. That’s according to a recent report by the Census Bureau that looked at how Americans ages 65 and up fared during and after the 2007-2009 recession. These older consumers were somewhat buffered by more conservative investment strategies as well as high homeownership and a resistance to squeezing all equity out of their property by refinancing. It wasn’t …

4 Scams That Prey on Your Patriotism

Posted on 07/2/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & Savings | Relationships | TechnologyHappy birthday, America! Time for fireworks, barbecues and flag-waving. But know that fraudsters also have their own reason to celebrate: On July 4 (and every other day), your patriotism helps them in some of the nation’s biggest scams — especially but not exclusively when targeting those of retirement age. “Despite the stereotype, there is not a lot of data to indicate that seniors are any more trusting than anyone else,” says Stacey Wood, a neuropsychologist at Scripps College in Claremont, Calif., …

Getting a Student Loan? Your Interest Rate Just Went Up

Posted on 07/1/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsStarting today, parents and college students will be paying more for federal education loans. Interest rates on new federal loans are adjusted every July, and this year’s rates are slightly higher than those for loans issued in the previous 12 months. The rate on Stafford loans for undergraduates is now 4.66 percent, up from 3.89 percent. Parents and graduate students now will pay a rate of 7.21 percent for PLUS loans, compared with 6.41 percent previously. These rates are fixed …

4 Simple Tips That Can Save You Money

Posted on 07/1/2014 by |AARP Blog Author | Comments

Money & SavingsSaving for your future doesn’t have to be complicated. Here are four simple tips that can save you big money. Watch the video, and see below for even more resources.   1. Know where your money goes    It doesn’t matter whether you do it on your computer, on your phone or with good old-fashioned pen and paper — just be sure to track your spending! For your computer, many banks and credit unions provide spending analysis tools free as …