President Proposes Rule to Protect Worker Savings

President Barack Obama called on the Department of Labor today to draw up a rule to protect people who save in IRAs, 401(k)s and other workplace retirement plans from hidden fees and expenses that may drain billions from their accounts. The president wants brokers and other professionals to be required to act in an investor’s best interest — instead of their own — when dispensing advice on retirement accounts. “Right now there are no uniform rules of the road that require retirement advisers to …

Tampa Forum Kicks Off Conversations on Aging

“Make this a national conversation,” Cecilia Muñoz, director of the White House Domestic Policy Council, urged participants in Tampa at the first in a series of five regional forums preparing for the White House Conference on Aging this summer. The invitation-only forums allow older Americans and those who work with and for them an opportunity to voice their opinions and concerns on various issues. Discussions aim to form a vision and agenda for the White House conference, held in Washington …

Cheap Travel Fixes for Winter Doldrums

Groundhog Day has come and gone. Winter’s still here. You’re paying holiday bills. Here are a few inexpensive ideas to keep you going until spring. Host a travel movie night The best way to save money is to stay home. How do you indulge your wanderlust from your living room? Rent a movie that transports you somewhere else. Invite a few friends and enjoy dinner and wine inspired by the movie’s locale. Here are some of my favorites. Research your …

4 Valentine’s Scams to Avoid

Libelula Roja was looking for love… She thought she found it on Match.com, which quickly moved to Instant Messenger. “He said he was an engineer living in Florida, with his own business, and the father of a son. He wrote perfectly — no ‘scammer grammar.’ He seemed ideal.” Within two weeks, “Robert Miller” had hooked Roja, a hospice worker in California, with declarations of love, promises of a life together and a request for money to help secure a job contract in Cairo. …

11 Things We Didn’t Know Last Week

News, discoveries and … fun 1. Harper Lee, author of To Kill a Mockingbird, wrote about the same characters in an earlier book, which will be published in 2015. (Learn more at AARP) 2. Some common medications might be connected with a higher risk of dementia. (Learn more at AARP) 3. “Light” jogging helps you live longer, while running strenuously might not be better than no exercise at all. (Learn more at Discovery) 4. People over 65 might need a little less sleep than …

Weight-Loss Scams That Lighten Your Wallet (Not Your Scale)

The new calendar heralds a return to the most popular New Year’s resolution — to lose weight. Yet despite the $2.5 billion a year spent on weight-loss products and services, the only result for many is a lighter wallet. Through most of the past decade until 2011, when the Federal Trade Commission classified complaints by “product category,” more people were defrauded buying supposed “miracle” supplements and toning creams, “easy” exercise gizmos and “breakthrough” diets than any other type of products. To spot the …