Bogus Bank Calls Are Back

Don’t “bank” on the authenticity of phone calls or text messages that claim to be from your financial institution, warning that there’s a problem with your account, debit card or credit card. This old scam is back, with a new wave of these bogus bank alerts. In the past week, according to news reports, thousands of people have been targeted in at least five states - Georgia, Kentucky, Massachusetts, Minnesota and Missouri. But there could be many more. The scam works …

There is Nothing ‘Fuzzy’ About Social Security Benefits’ Positive Impact on the Economy

The idea that Social Security benefit payments help support local and state economies and the national economy is obvious to all 57 million beneficiaries who spend their dollars at stores and to the merchants who sell them goods and services. But it is not obvious to many in Washington. In a town focused only on what Social Security payments mean for the federal budget, a new report by AARP’s Public Policy Institute highlights, in actual dollars and jobs, what Social …

Eudaimonia, Hedonism, and Happiness, Oh My!

Everyone wants to be happy – it’s a no-brainer. But what is happiness? The Greek word for happiness is “eudaimonia” which means “having a guiding angel.” In 1776, the Founding Fathers felt it important enough to mention the” pursuit of happiness” in the Declaration of Independence. By the 19th century, economists felt they could measure happiness in units of pleasure, but they learned that money could not buy happiness because a person with twice as much income as another was …

All Is Fair in Love & Gift-Giving?

Q: 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 …

Life@50+ Is a Sure Winner

I’ve never been a gambler, but I just returned from Las Vegas where a $25 bet netted people a big-time jackpot. No, I didn’t temporarily lose my miserly mind in the heat of the Nevada desert and roll the dice in some swanky Vegas casino. I’m way too cheap to tell people to throw away good money like that. I’m talking about a mere $25 for the cost of admission to the three-day AARP Life @50+ National Event held at …

The #1 Topic to Talk About After 50 (Even If They Say We Shouldn’t!)

Okay, I know that money is one of those topics we’re not supposed to discuss at cocktail parties (along with religion and politics and so on and so forth) … but … we’re not at a cocktail party. We’re in real life. Midlife, in fact. And we need money. If you don’t have a plan… it’s time to think about creating one.  We don’t want to be in our 50s, 60s and beyond without enough money to take care of ourselves. Where to start? First, understand …