finances

Holiday Shopping: Will You Spend Less?

Posted on 11/12/2013 by | The Ultimate Cheapskate | Comments

Money & SavingsThis could very well be the year when the Grinch steals Christmas, at least in terms of the gift-giving intentions of some adults. According to a new poll from the personal finance website GoBankingRates.com, 40 percent of some 1,500 survey respondents say they won’t be buying any holiday gifts this year. Blame the economy and the shaky finances of many Americans. The holidays only add to their stress and here’s why: 63 percent of those polled admit they haven’t set …

Advance Planning for Eldercare Saves Money, A New Study Shows

Posted on 10/31/2013 by | Caregiving | Comments

Bulletin Today | CaregivingWhen it comes to planning for long-term care, the early bird does get the worm, according to a new  study: The report shows that families who anticipate their needs can save close to $11,000 a year in out of pocket expenses by planning in advance instead of waiting until a crisis. >> Sign up for the AARP Money Matters newsletter What’s more, 38 percent of family caregivers and 35 percent of care recipients in the study, commissioned by the insurance company Genworth …

Managing Mom’s Money? Do It Right.

Posted on 10/29/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsStacks of unopened bills, calls from creditors, compulsive purchases from websites or TV shopping networks, donating sums of money to questionable charities — these may be the signs that it’s time to talk to Mom and Pop about managing their finances. It’s not an easy talk to have. And it’s not an easy job to do. Handling the finances for your parents, or other elderly relatives, involves more than just paying their bills. To understand what’s involved in carrying out …

Dear Abby Weighs In on Older Workers Debate

Posted on 09/9/2013 by | Money and Work | Comments

WorkThe debate over older workers staying on the job longer, and crowding out younger employees, won’t go away. In a recent Dear Abby column, “Disgusted in Columbus, Ohio,” blasted older workers for hanging onto their jobs “so they can live lavish lifestyles” at the expense of younger workers who don’t advance in the workplace, or worse, get laid off. Yet as Dear Abby pointed out, many older adults stay on the job these days just to survive.  During the financial crisis and …

Retirement Savings: It’s Worse Today Than a Year Ago

Posted on 08/19/2013 by | Money and Work | Comments

Money & SavingsMaybe it’s because we’re footing the bill for our kids’ college tuition, supporting our adult children living at home or helping our elderly parents. Whatever the reason, this much is clear: Too many of us are saving less for our retirement today than we were a year ago. As many as one in five employees ages 50 to 64 contributed less to their retirement savings this year, a new Bankrate.com report finds. Although one-half managed to squirrel away the same …