Finance

Here’s How Wrong Recent Financial Headlines Have Been

Posted on 03/18/2014 by | AARP Blog Author | Comments

Money & SavingsOver the past five years, U.S. stocks have tripled in value. For example, the Wilshire 5000 total return index increased from 27.50 to 82.62. Yet paranoia about the market has caused many investors to miss out. The chart below shows the return an investor would have received just by owning a total U.S. stock index fund and reinvesting the dividends. A total U.S. stock index fund essentially owns every publicly held company based in the U.S. Though the chart tracks …

In Banking, Americans Lean Local

Posted on 07/26/2013 by | In Other News . . . | Comments

Bulletin Today | Money & SavingsI won’t tell you the name of my bank, but I will tell you this: it’s the oldest in the state; it didn’t use account numbers until the Federal Reserve forced it to; it has 25 branches, all within easy driving distance of one another; and every employee at the branch I use — from manager to teller — knows me by name. Not only that, the tellers all have baskets of lollipops and bags of dog biscuits at the …

Boom and Gloom

Posted on 09/13/2012 by | Chief Volunteer | Comments

Money & SavingsI learned  that Baby Boomers are riddled with anxiety about whether they’ll be financially secure when they retire, and they’re less than pleased with our political leaders’ response. A new Anxiety Index, created by AARP through a series of surveys, measures what non-retired Baby Boomer voters age 50-64 worry about. This concern overrides even their worry about health expenses, jobs, or paying too much in taxes. Almost three in four (72%) believe they will have to delay retirement, and almost …

The Money Secrets We Keep

Posted on 05/10/2011 by | AARP Blog Author | Comments

Money & SavingsAlthough it’s probably safe to assume that financial infidelity wasn’t a culprit in the Shriver/Schwarzenegger split, irreconcilable money differences do play a role in many couples’ break-ups. According to a recent study, the number who ‘fess up to keeping their other halves in the dark about certain spending decisions is quite high – 80%, in fact. Keeping spending secrets from your spouse, partner or significant other doesn’t have to lead down the road to splitsville if you’re willing to do …