finances

New Thinking about Budgeting for Your Second Adulthood

Posted on 07/15/2013 by | AARP Blog Author | Comments

Money & SavingsThis is a guest post by Bart Astor. For years financial planners have been preaching that in your retirement years you should plan on spending about 70% of your current income. This number was based on a number of factors, including: You don’t need to continue to save for your retirement years You won’t be paying into Federal Insurance Contributions Act Tax (Social Security and Medicare) You won’t have commuting and work expenses Your house will be close to or already …

All Is Fair in Love & Gift-Giving?

Posted on 07/3/2013 by | Sex & Relationships | Comments

RelationshipsQ: I remarried two years ago and am happy as can be, except that my husband and I can’t figure out how to deal with gift-giving. I have to buy presents for 10 people on  his side, and he has only one person to buy for on my side. Can you help us find a logical solution? Dr. Pepper Schwartz: Hey, you’re a couple now — split everything! That means you will be doing more for him than he does …

Have You Had “The Talk”? New York Times Tackles a Thorny Issue

Posted on 05/25/2013 by | Aging, Home & Family Expert | Comments

CaregivingI was recently interviewed for a New York Times article, The Talk You Didn’t Have With Your Parents Could Cost You, about handling parents’ financial and legal affairs after they die. The article is an important one — both for adult children who may be dealing with these issues, and for parents who may be reluctant to share personal and financial information with their kids. My message is pretty simple: To anyone who may have to deal with estate matters after …

Know the Best Ways to Protect Your Money? Find Out at Money Smart Week

Posted on 04/22/2013 by | All the news that matters for Illinoisans over 50. | Comments

Money & SavingsLooking to boost your financial know-how?  Join AARP Illinois and more than 40 area organizations hosting free, educational events throughout the Chicago area and across the state during the 2013 Money Smart Week  (April 20-27). AARP Illinois members are invited to join volunteer Nathan Fuchs, a former trial attorney for the Securities and Exchange Commission and an Assistant District Attorney in New York in the senior fraud prevention unit, along with experts from the National Futures Association, the Commodity Futures Trading …

Veterans Aid and Attendance Benefits Can Help, But Process Difficult

Posted on 11/12/2012 by | Aging, Home & Family Expert | Comments

CaregivingWhen I first started investigating the Veterans Administration’s Aid and Attendance and Housebound Benefits program for my Dad, a decorated WWII Veteran who earned the Bronze Star while serving in Italy with the 10th Mountain Division, I was excited to learn that he might qualify for some financial assistance to help with the cost of his care. Aid and Attendance is an enhanced or special monthly pension program for certain veterans who require care. Dad has developed Alzheimer’s disease and …

Study: Grandparents Give ’til it Hurts

Posted on 09/8/2012 by | Aging, Home & Family Expert | Comments

Your LifeAs a consultant and expert in aging and family issues with more than 30 years experience working with grandparents, I recently had the great pleasure of writing a report for the MetLife Mature Market Institute in conjunction with Generations United. The report, “Grandparents Investing in Grandchildren: The MetLife Study on How Grandparents Share Their Time, Values, and Money,” indicates that today’s grandparents continue to provide care for grandchildren, offer advice and moral support, and provide financial assistance – sometimes to …