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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

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 …

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 …