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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

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 …

5 Pet Scams You Need to Know

Posted on 06/13/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsThe dog days of summer go beyond just rising temperatures — at least for pet lovers. Pet scams are also heating up, and here’s what you should know about the most common schemes: Dognapping Born during the economic downturn of recent years, dognapping involves stealing dogs from unattended backyards and cars — and, more commonly, even in the company of their owners. Some are then held for ransom. In one recent well-publicized case, surveillance video captured a dognapping in progress at …

How to Retire the Cheapskate Way

Posted on 06/12/2014 by |AARP Blog Author | Comments

Money & Savings | WorkJeff Yeager — aka “the Ultimate Cheapskate” — is AARP’s savings expert and host of the weekly Web show The Cheap Life, produced by AARP and airing on YouTube. He’s also the author of four popular books about frugal living, including his most recent, How to Retire the Cheapskate Way. Jeff will be a guest on AARP Live on Thursday, June 19, so we sat down with him in advance to chat about retirement planning and living, cheapskate-style. What does it mean …

How to Get Quality Health Care at a Decent Cost

Posted on 06/12/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsInformation is power, and in the hands of consumers it will transform the quality and price of health care. That’s the prediction that health care experts made today at a panel discussion sponsored by AARP and the Business Roundtable in Washington. Consumers have a long way to go before they get easy-to-understand information about the costs of doctors and hospitals and the quality of care they provide. So far, information has been hard to come by, and interested parties have resisted …

Retiring Early? Pony Up $51,000 Extra for Health Care

Posted on 06/12/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & Savings | WorkAre you and your spouse thinking about retiring early? Doing so can cost you, as a couple, an extra $17,000 a year in medical costs, according to a Fidelity Investments analysis. The Boston-based investment company compared the projected average health care costs of couples retiring this year at age 65 with those of couples retiring as early as age 62 and as late as 67. It assumed they would have Medicare coverage at 65, although the analysis doesn’t include costs for nursing home and …