Katie Levingston

Silence Could Be Costly In Financial Planning

Posted on 07/9/2014 by |AARP Blog Author | Comments

Money & SavingsParents and their adult children say they want to have honest conversations about finances and retirement issues, but they just don’t agree on when to talk, according to a survey released today by Fidelity Investments. And when these discussions do eventually occur, they often don’t get down to the details needed for proper financial planning, the Boston-based investment firm found. Lauren Brouhard, senior vice president of retirement at Fidelity, urges families to bite the bullet and talk — before parents retire …

Getting a Student Loan? Your Interest Rate Just Went Up

Posted on 07/1/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsStarting today, parents and college students will be paying more for federal education loans. Interest rates on new federal loans are adjusted every July, and this year’s rates are slightly higher than those for loans issued in the previous 12 months. The rate on Stafford loans for undergraduates is now 4.66 percent, up from 3.89 percent. Parents and graduate students now will pay a rate of 7.21 percent for PLUS loans, compared with 6.41 percent previously. These rates are fixed …

Customers Still Baffled by Overdraft Fees

Posted on 06/27/2014 by |AARP Blog Author | Comments

Bulletin Today | Money & SavingsCustomers who say they don’t recall authorizing their bank to provide overdraft protection on their checking accounts are getting hit with overdraft fees totaling $90 or more, according to a new report. It’s been four years since federal rules took effect that required banks to ask customers to opt in if they wanted overdraft protection on the debit cards tied to their checking accounts. The rules were supposed to make it easier for customers to understand when banks could charge them fees …

Faygo Sued for Age Discrimination — by Founder’s Grandson

Posted on 06/25/2014 by |AARP Blog Author | Comments

Bulletin Today | WorkDetroit-based Faygo, a fixture in the soft drink industry since 1907, is being sued for age discrimination by the grandson of one of the company’s founders. Hugh Rosenthal, 70, says he lost his job as Faygo’s director of marketing two years ago simply because of his age. In a lawsuit filed in U.S. District Court, in which he seeks lost wages and damages, Rosenthal argues that if he’d been younger “he would not have been terminated.” “I took so much pride …