AARP Home » AARP Blog » AARP »Money & Savings

Money & Savings

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

Subscribe to this topic via: RSS

Recent Money & SavingsPosts

Customers Still Baffled by Overdraft Fees

Posted on 06/27/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsCustomers who say they don’t recall authorizing their bank to provide overdraft protection on their checking accounts are getting hit with overdraft fees totaling $90 or more, according to a new report. It’s been four years since federal rules took effect that required banks to ask customers to opt in if they wanted overdraft protection on the debit cards tied to their checking accounts. The rules were supposed to make it easier for customers to understand when banks could charge them fees …

7 Telltale Signs of a Job Scam

Posted on 06/27/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsThe good news for job seekers: The government’s most recent employment report finally puts total employment at pre-recession levels, with nearly 9 million more jobs than at its low point. The bad news: Scammers are even better poised to steal the money and identities of hopeful applicants, by posing (usually online) as legitimate employers with “We’re hiring!” claims. Here are some tip-offs to an impending employment rip-off: 1. Your cash for your (background) check. The most common ruse is getting job applicants …

Stay or Roll: When to Put a 401(k) Into an IRA

Posted on 06/26/2014 by |AARP Blog Author | Comments

Money & Savings | Your LifeBloomberg News recently wrote about brokers profiting by advising retirees to roll their 401(k) accounts into IRAs. Many of the retirees interviewed said they lost a lot of their savings from investments subsequently recommended to them. But this doesn’t mean you shouldn’t consider transferring your 401(k) money into an individual retirement account (IRA). Here’s how to decide: First, a little background. A 401(k) account is an employer-sponsored plan that allows the employee to save and invest, typically receiving a tax benefit when the contribution is …

GE Capital Ordered To Pay $225 Million To Consumers

Posted on 06/19/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsGE Capital Retail Bank must shell out an estimated $225 million to consumers to settle government claims that it discriminated against Hispanic credit card customers and persuaded other card holders to buy add-on products that promised to cancel part of their debt if they became disabled, lost a job or suffered from another hardship, the Justice Department announced Thursday. “We will continue to take action against marketing tactics that trick consumers into buying credit card products they do not want or cannot use,” …

Learn How Creditors Can Snatch Your (Inherited) IRA

Posted on 06/13/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsA U.S. Supreme Court ruling has just made estate planning a lot more cumbersome for some high-net-worth parents who want to leave tax-free money in a Roth IRA to a child. Retirement accounts are protected from creditors in bankruptcy cases so people don’t wind up destitute in old age. However, the court unanimously ruled on Thursday that this is not the case for those who inherit IRAs. The court decision involves a case of a woman who inherited about $450,000 in an IRA from her mother …