Costs

Are Medical Credit Cards Unhealthy for Finances?

Posted on 07/23/2014 by |Senior Editor, Money Team | Comments

Money & SavingsYou need some expensive medical care yet don’t have the insurance or money to pay for it. Should you use a medical credit card that’s pitched at some doctors’ offices? A new report by the nonprofit Consumer Action warns that some of these cards can be unhealthy for your finances. They usually offer a zero percent introductory rate, though after that period, card terms can vary greatly. The problem is that these terms often are difficult to uncover. So patients …

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 …

Why Your Children Should Help Pay for College

Posted on 04/7/2014 by |Parenting 2.0 | Comments

Home & FamilySpring means college admissions, and we still recall the agonizing wait for the mail carrier. A thin envelope brought bad news, a thick envelope acceptance. Today, though, the “envelope” arrives via email — and that’s not all that’s changed. These days, the sticker price for private colleges starts at about $40,000 a year, going much higher for a prestigious institution; in-state schools run about half that. Nearly as soon as the anxiety on the admissions front dissipates, it’s replaced by …

Spring Forward: 4 Myths About Daylight Saving Time

Posted on 03/7/2014 by |Personal Health and Well-being | Comments

Bulletin Today | Personal HealthLet’s hope you’ve recovered from Groggy Monday, the day after we turn our clocks ahead an hour (and lose an hour of sleep) for that  convoluted practice called daylight saving time. Even though studies show that this fiddling with our sleep schedule is a bad idea — a higher risk of car accidents from sleepy drivers during the Monday morning commute, workplace injuries because of tired workers, a spike in heart attack risk — we’re still somehow wedded to “springing …

Rising Propane Prices, Shortages Add to Winter Woes

Posted on 01/30/2014 by |AARP Blog Author | Comments

Public Policy InstitutePersistent record-setting low temperatures across much of the United States are making this a tough winter for many families. Households face higher heating bills as prices for heating fuels continue to increase with rising demand sparked by the cold. Price increases for liquid propane have been significant. The Department of Energy estimates that 6 million households, mostly in the Midwest and Northeast, use propane as their primary source of heating fuel. Low inventories and high demand for the fuel have …

Learn More + Earn More = Live Longer?

Posted on 11/21/2013 by |Washington Watch | Comments

Bulletin Today | PoliticsHow long you live has a lot to do with income and education. That’s the message from experts who testified on Nov. 20 at a U.S. Senate hearing on “Dying Young: Why Your Social and Economic Status May Be a Death Sentence in America.” >> Sign up for the AARP Money newsletter. As Steven Woolf, M.D., the director of the Center on Society and Health at Virginia Commonwealth University, put it, “the lower people’s income, the earlier they die and …