financial planning

End the Year With These Fabulous Freebies

Posted on 12/23/2013 by | The Ultimate Cheapskate | Comments

Money & SavingsSome fabulous freebies to end the year with and ring in 2014: Free Video From Santa: Hurry! Time is running out to send the kids a personalized video from Santa via this website. If’ you’ve already sent out your Christmas cards, remember it for next year. Free 2014 Calendar: Click on the link for these free, downloadable calendars. You can customize them to meet your needs and track your schedule. Free Financial Planning Tools: Several websites like Mint, Bankrate and AARP offer free calculators …

What Old Brains? Older Proves Wiser in Financial Decisions

Posted on 09/26/2013 by | Personal Health and Well-being | Comments

Brain Health | Bulletin TodayOld, schmold. Our brains may be getting a little slower as we age, but we more than make up for it in experience when making economic decisions, a new study finds. The study, by researchers at the University of California, Riverside and Columbia University, tested two groups of subjects — 173 younger (ages 18 to 29) and 163 older (ages 60 to 82) — on how well they understood financial information and made economic decisions. Related: Does My Financial Adviser …

Americans’ Financial Plan Is Not to Plan

Posted on 09/18/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsSome people might prefer bathing the dog to sitting down and creating a financial plan. However, adults who take the time to develop a comprehensive financial plan are more likely to manage their money successfully, and are more confident about reaching their goals, like saving for retirement or paying off credit-card debt, according to a report released Wednesday. Unfortunately, they’re in the minority. Only one-third (32 percent) of some 1,002 people surveyed say they’ve created a comprehensive financial plan. And …

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 …

1 In 4 Older Adults Can’t Come Up With $2,000

Posted on 06/3/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsThe deep recession ended four years ago, but the financial fallout remains for many older Americans. Some are so strapped that if an unexpected expense like a  major car or house repair arose in the next month, more than 1 in 4 adults age 55 or older couldn’t muster $2,000 to pay for it. Tapping into their home equity for financial help isn’t an option for 1 in 12 in that age group. They owe more on their home than …

A Retirement Reality Check, Courtesy of Gallup

Posted on 05/23/2013 by | Who's News | Comments

Bulletin Today | Money & SavingsThinking about your eventual retirement? If you’re relatively well-off, you’re probably confident that your tax-deferred savings will provide your major source of income. But if you’re at the other end of the income ladder, you’re more likely to count on Social Security benefits to tide you over. Those are some of the findings of a newly released Gallup poll that reveals glaring contrasts between how nonretired Americans from different income levels expect to fund their retirement years. The key takeaways: Among …