News RoundupsMark this as one more way in which the Great Recession has affected Americans’ financial planning: Parents are contributing less to their children’s college costs than they did just a few years ago, according to a recent poll. In addition, more college students are living at home with parents to save money.
Money & Savings | WorkPersonal finance website LifeTuner.org recently published an infographic featuring the ten highest paying and ten most satisfying jobs, as well as a few key facts designed to help professionals of any age consider how much value the intangibles of their office add. Did your career make either top ten list?
Money & SavingsThis post was written by Becky Squires of AARP Foundation. In Colorado, AARP and AARP Foundation joined forces this year with the Spending Moments Program to produce three provocative short videos about managing personal finances. Lesson 1: Learn a simple exercise to help you save money Lesson 2: Create a Budget Lesson 3: Learn about Time Value The videos feature Shawn Young, developer of the nonprofit Bootstraps Education program in Denver, and were created to …
News RoundupsThe estate tax has long enjoyed far more notoriety than its size merits, subject to ample political debate despite the relatively small number of American families it affects (for now, those who inherit more than $5 million). With $7 trillion in tax hikes and spending cuts set to take effect next year unless Congress acts to stop them, debate about this politically-charged tax–opponents have labeled it the “death tax”–could rev up again soon.
Home & Family | Money & SavingsLifeTuner.org, AARP’s personal finance resource for young adults, is currently spotlighting an article from Care.com writer Jody Gastfriend that offers 6 tips to help Millennials financially prepare for the possibility of caring for their parents. With the average post-retirement health care costs estimated at around $240,000 without including long term care, the need for planning now, today, becomes pressing for the often underemployed Gen-Y. The money situation is further exacerbated by Boomers’ savings having shrunk and their support of both …
News RoundupsIt seems a lot of Americans are okay with spending beyond their means from time to time. A new survey conducted by COUNTRY Financial found 52 percent of respondents periodically spend more than they earn in a given month. Yet only 9 percent believe their lifestyle is more than they can afford.