Students Turning to Grandparents to Help Pay for College

How are families paying for college? Grandparents. Or, at least, grandparents and other relatives are kicking in more for a student’s education. The amount of money from relatives — often grandparents — and friends rose to an average of $1,247 this year, a 40 percent increase over last year. That’s according to Sallie Mae’s annual report, “How America Pays for College,” which is based on a survey of 1,600 parents and students. Student loan giant Sallie Mae found that families …

The Thing About the Internet of Things

We’ve been hearing a lot lately about the “Internet of Things” (IoT). Often, the discussion revolves around issues associated with data privacy and cybersecurity. So what is the IoT and what’s all the fuss about? IoT refers to the ever-expanding array of devices that can communicate to external networks. While we all realize our computers and smartphones are connecting to the outside world, more and more devices such as fitness trackers, cameras, cars and thermostats are doing so as well. …

This Week in Boomer History: Otis Redding … John Lennon

Noteworthy events from our shared experience Otis Redding dies at age 26 when his private plane crashes near Madison, Wis., on Dec. 10, 1967. His song “(Sittin’ on) The Dock of the Bay,” recorded three days earlier, becomes the first song released posthumously to reach No. 1 on Billboard’s Hot 100. Candy tycoon Robert Welch Jr. founds the anticommunist John Birch Society on Dec. 9, 1958. Named after an intelligence officer (and Baptist missionary) killed in China at the close of World War …

Fa La La or Fraud? Sneakiest Holiday Scams

The toppers to scams that prey on holiday shoppers: Watch out for these sneaky seasonal ploys that continue to prove their success at getting a quick buck or sneaking malware onto devices for longer-lasting fraud. Bogus Charities The season of giving is a peak time for taking. Top cons aimed at older donors allege help for police, firefighters, veterans and children, so be on guard for phone calls with heartstring-pulling scripts. Also beware of sound-alike organizations of well-recognized legitimate charities, such as …

1 in 4 Didn’t Notice ID Theft for at Least 2 Years. Would You?

Identity theft is fast-moving. Are you asleep at the wheel? The sooner ID theft is discovered, the easier it is to repair the damage. And yet, 1 in 4 people did not know they were victims until at least two years later, according to the Identity Theft Resource Center (ITRC). That’s more than enough time to destroy your financial life and start a new one on your dime. Sixteen percent of 201 people from 39 states who contacted the ITRC in …

Beware of Free Pizza (and Other No-Cost Cons)

You’ve heard it before: “There’s no such thing as a free lunch.” Yet in recent weeks cybercrooks have tested that claim, with impressive success, in a new email campaign that promises a coupon for a free pizza allegedly sent by Pizza Hut. Don’t bite. It’s the latest false freebie trick to install malware — in this case by clicking on a link to supposedly access a coupon for a free pie in celebration of the chain’s 55th anniversary. (It’s actually 58 years old.) What’s …