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Recent Money & SavingsPosts

‘Buy American’ — Guess Who Does It Most

Posted on 05/3/2013 by | Who's News | Comments

Bulletin Today | Money & SavingsA lot of Americans bemoan the number of factory jobs that have been outsourced or lost to foreign competition over the past few decades. But when it comes to supporting companies that make their products in the United States, it’s older Americans who are most willing to step up and let their money do the talking. That’s the finding of two recent polls, which show that boomers and their predecessors in the “Eisenhower Generation” (ages 67 and older) are the …

Cheap and Easy Gardening Tips

Posted on 05/2/2013 by | The Ultimate Cheapskate | Comments

Home & Family | Money & SavingsCheck out this week’s episode of my weekly AARP web show on YouTube for some money-saving gardening tips and a chance to win a $50 gift card. Be sure to subscribe to the show (it’s FREE and easy – just click on the ”subscribe” icon and follow the prompts), that way you’ll be eligible for a shot at the prizes if you leave me your tips.   Also of Interest Spring Into Gardening Season: 5 Frugal Ways to Get Your Plants and Garden Ready 9 …

Patients Willing to Ditch Doctors to Save Money

Posted on 04/30/2013 by | Money and Work | Comments

Bulletin Today | Money & Savings | Personal HealthWe patients tend to be stubbornly loyal to our trusted physicians. We respect their experience and seek their advice. Unless we can save a few bucks by switching doctors. Then some of us are out the door before the receptionist can tell us to have a seat. In a new poll of 713 people, as many as 1 in 3 say they’d rather pay less for their health plan, even if it meant swapping doctors. Half of those who’d make …

Bueno, Cheapo Cinco de Mayo Crock-Pot Recipe

Posted on 04/29/2013 by | The Ultimate Cheapskate | Comments

Food | Money & SavingsI took four years of Spanish classes in high school, but like most things from my high school years — and the 1970s in general — I don’t remember much of it.  So I recently vowed to relearn Spanish, starting with some of the words I now use most often. To that end, I actually remembered the word for “money,” or dinero.  And Spanish for “cheap” (barato) and “cheapskate” (tacano) seem easy enough to master. But the Spanish translation for …

Retirees Borrow Against Pensions at Loan Rates Up To 106%

Posted on 04/29/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsUPDATE: Last week, we cited a report by The New York Times that a growing number of older adults are using their pensions as the basis to borrow cash — and paying interest rates as high as 106 percent. That report caught the attention of New York banking regulators. They’re now probing 10 companies that do pension advances, the Times reported Tuesday. Benjamin M. Lawsky, who heads the Department of Financial Services (DFS), calls pension advances ‘‘nothing more than payday …

HECM Program Changes: An Emergency or an Excuse?

Posted on 04/25/2013 by | AARP Blog Author | Comments

Money & Savings | Public Policy InstituteChanges are likely coming to the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage (HECM) reverse mortgage program. Proposed changes include the long-awaited and first-ever financial assessment of potential borrowers. At a recent reverse mortgage industry event, an official from the U.S. Department of Housing and Urban Development (HUD) referred to this change as a “financial and credit assessment.” So, it appears that HUD may be considering credit scores in determining whether the HECM is a viable option for a …

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