The $64,000 Question: Where Did My Retirement Savings Go?

Investment advice should be free of conflicts of interest The way Americans save for retirement has changed drastically over the past few decades. Thirty years ago, the typical worker had a pension through his or her job. Today, if workers have a retirement plan at all, it is likely a 401(k) or IRA. Why does this matter? Because now more than ever, individuals must make the complicated decisions about financial security in retirement: what to invest in, how much, how to …

Kids’ Best Financial Adviser: Grandma or Grandpa

Grandparents apparently hold more sway over their grandchildren’s saving habits than they know. According to a survey by TIAA-CREF, a New York-based financial services firm, most young adults (73 percent) say their grandparents do influence their money decisions and more than half call their elders excellent savers. Yet few grandparents capitalize on their standing: Only 8 percent say they’ve had or are likely to have a conversation with their grandchildren about money. >> Sign up for the AARP Money newsletter Among …

Friday News: Financial Planning, and More Calorie Talk

Washingtonpost.com hosted a live online chat with their personal finance columnist Michelle Singletary yesterday, and she discussed topics from budgeting to retirement planning to simply how to discuss money with a loved one. She even touted what a great resource AARP.org is for retirement planning tools. Check out the full transcript here to see what she had to say about a wide range of finance topics – she’s bound to have given advice on whatever you’re worried about financially. And …

Notable News for December 3

This headline from the Wall Street Journal caught my eye this morning: “What Should You Do With Your Money in 2010?” Wouldn’t it be nice if you could have a heart to heart with six different financial advisors and see what they had to say about investing next year? Since that is probably not feasible for most of us, a Dow Jones reporter did the hard work for us! Check out the article for answers from six different advisors on …

Grandma on Facebook??

The New York Times has a great piece on its Web site all about seniors and technology. The article was particularly fun for me to read because I still remember when my grandmother – who turns 74 next month! – had a PC before my family even had one, and who has recently mastered the art of text messaging from her cell phone, even if it’s the one with “big buttons.” The article covers everything from centenarians using Twitter to …

More Trouble in Illinois Nursing Homes

There’s a very disturbing story in the Chicago Tribune today about patients in nursing homes across Illinois who have received, wrongly, “powerful psychotropic drugs” without any condition that would give cause for a need for such drugs. Since 2001, the Tribune has found 1,200 violations (affecting 2,900 patients) at nursing homes across the state, and this isn’t the first offense of Illinois nursing homes that’s getting news coverage. Recently, the Tribune also reported that mentally ill felons were living alongside …