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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 …

Boomers are Growing Segment of Aspiring Entrepreneurs

Posted on 04/22/2013 by | AARP Blog Author | Comments

WorkWhen you hear “small business start-up,” many people think of 30-something techies leaving bigger companies to go out on their own. Would it surprise you to learn that about one fourth of aspiring small business owners are in the 40 – 60 age bracket? “Of 76 million people above 50, about half have an interest in entrepreneurship,” noted Jean Setzfand, AARP’s vice president of financial security, in a USA TODAY article on encore careers. That high level of interest is one reason …

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 …

Workers: Here’s How to Reinvent Yourself

Posted on 04/17/2013 by | Money and Work | Comments

Bulletin Today | WorkIt’s never too late to reinvent yourself, whether you’re considering another line of work, seeking a promotion at your current job or looking for a more meaningful, less stressful gig on your way to retirement. Career coaches say boomers and older adults, perhaps more than previous generations, seem willing to switch careers, return to college or seek retraining to boost their job opportunities. The deep recession of 2008-09 and the staggering loss of  jobs (some 2 million older workers are …

Changing Jobs? Beware of Bad Information About 401(k) Options

Posted on 04/8/2013 by | Money and Work | Comments

Bulletin Today | Money & Savings | WorkAbout to change jobs? If you have a 401(k) account, you’re at risk of getting bad information when you ask the company managing your retirement plan about your options. Turns out that, in some cases, the people who give advice over the phone push departing workers toward rolling over their 401(k)s into a privately owned individual retirement account (IRA) that the investment company sells. What these plan providers also don’t disclose to workers are the fees associated with that move or other …

Jobs Climate Slows But Jobless Rate Falls for Older Workers

Posted on 04/5/2013 by | Money and Work | Comments

Bulletin Today | WorkA spring slowdown may be in store on the jobs front. Companies added a scant 88,000 employees to payrolls in March — the weakest hiring in nearly a year and deeply below economists’ expectations. But the unemployment rate that dipped slightly for all workers last month fell more dramatically for older adults,  the government reported Friday. The jobless rate for workers age 55-plus slid to 5.5 percent in March from 5.8 percent the month before. Among men in that age group, …