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Money & Savings

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Recent Money & SavingsPosts

Retirement Gamble: Wake-Up Call on 401(k) Fees

Posted on 04/24/2013 by | AARP Blog Author | Comments

Money & Savings | WorkWorried about how you’re going to pay for retirement? Join the club. A PBS Frontline documentary called The Retirement Gamble shows that you’re in good company. The silver lining: a brighter spotlight on hidden fees, plus information to help make the most of whatever you can sock away. Kudos to journalist Martin Smith, who ‘fessed up to the common mistake of saving for his kids’ education at the expense of his own retirement security (more on why it’s okay – and …

Home Ownership and the Value of Paychecks

Posted on 04/23/2013 by | Money and Work | Comments

Bulletin Today | Money & Savings | WorkTwo reports are out on home ownership and how far paychecks go in certain cities. They’re not related, except that you need a paycheck to buy a home, generally, but I found the research interesting. In the Gallup report, the findings showed that the recent housing bust didn’t scare off most younger adults from chasing the American dream of home ownership. Of some 3,400 people polled, nearly 70 percent of those ages 18 to 29, and almost 30 percent of …

Say What? Bank Helps Borrowers Find Work

Posted on 04/22/2013 by | Money and Work | Comments

Bulletin Today | Money & Savings | WorkAs shocking as it may seem, an Ohio-based bank is helping some of its unemployed borrowers find jobs. Why, you ask? Because these customers are at serious risk for defaulting on their home mortgages. Fifth Third Bank, which operates some 1,300 branches in 12 states, has teamed up with employment firm NextJob to offer free job search assistance. It includes one-on-one coaching, online job search software and other resources to mortgage holders who could face foreclosure because they’re out of work and …

Other Earth-Friendly Days

Posted on 04/19/2013 by | The Ultimate Cheapskate | Comments

Home & Family | Money & Savings | TravelDon’t get me wrong:  as a lifelong environmentalist, I think that Earth Day (April 22) serves an invaluable purpose both as a celebration of our wondrous planet and as an opportunity to draw attention to the many serious – literally “life threatening” – challenges facing our natural environment.  The only problem with Earth Day is that it’s a single day once a year, while our responsibility to the environment is 24/7, every day of the year. The good news is …

Confused by Financial Designations? Read On.

Posted on 04/18/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsAs we head into our retirement years, we could all use a little financial guidance to help us fluff up our nest eggs. Do we tap a certified senior adviser or chartered financial consultant for advice, or would a senior or retirement specialist be better? Maybe a certified trust and financial adviser or an accredited retirement adviser would be best? No, wait, what about a certified financial gerontologist? Or a chartered adviser for senior living? Each day, tens of thousands …

Your Average Yearly Cost to Own a Car: $9,122

Posted on 04/16/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsWe may be holding onto our cars longer and forgoing buying new vehicles, but it’s still costing us more for our wheels. A new report by the auto club AAA says the average owner of a sedan who drives 15,000 miles a year pays $9,122 a year to own and operate that car. That comes to 60.8 cents per mile, about 2 percent more than last year. Driving a four-wheel drive SUV? Then you’re shelling out $11,599 a year. Smaller …