Home Sharing: A Win-Win for the 50+

AARP recently conducted a survey to find out where people want to live when they retire. You may think a warm-weather climate topped the list, but the No. 1 place was right where they are now. More than two-third of respondents — 69 percent — said they want to stay in their homes and the communities where they currently live. Staying put has a lot of benefits — you’ll be near your friends and the social activities that you’re used …

America’s Top Consumer Complaint Is Doubled Among Military Members

It’s bad enough that everyday citizens file more complaints to the Federal Trade Commission about sleazy debt collectors than about any other consumer scam. Now, another government watchdog agency reports that military personnel are especially popular targets of collector abuse — often for debts they don’t owe. In an annual report from its Office of Servicemember Affairs, the Consumer Financial Protection Bureau found that active military personnel submit debt collector complaints at twice the rate of civilians. Ways to save, …

10 Financial Tips for the Kids

We all want our children to be successful and happy. And though being financially fit won’t make anyone happy in and of itself, it can at least take away money stresses and allow the kids to pursue happiness. Just in time for Financial Literacy Month, three journalists from the Wall Street Journal offer 10 great tips in the video below. Get the latest tips on protecting your money and saving for retirement — AARP Money newsletter » Here are the 10 …

The Cost of Perpetual Parenting of Adult Children

For many boomers, the empty nest seems more like the empty bank account. After college, kids boomerang home for a few months or years, driving up monthly household expenses. Even when they leave, they often return to the “Bank of Mom and Dad” for help with costs from new cars to camp for the grandkids. All those added outlays are impacting millions of boomers, causing many to delay or modify retirement plans, according to a new study by Hearts & …

Are Millennials Becoming a Generation of Renters?

In the aftermath of the 2008 recession, boomer parents were besieged by millennial children boomeranging home to reclaim an old bedroom. Now our adult children are leaving the nest once again as they find work and perhaps a significant other. But where are they moving? And are the making the leap to homeowner? For decades, after a sojourn in the city, young adults typically headed to suburbia with their growing families for a better lifestyle. However, while millennials flocked to …

Few African Americans Take Advantage of Retirement Planning Products

Recent research shows that most African Americans/blacks age 50-plus use financial products, such as checking accounts and savings accounts. But only 1 in 10 use retirement planning products, such as a 401(k) plan or individual retirement account (IRA). Millions of Americans haven’t saved any money for their golden years, and millions of others haven’t saved nearly enough. According to the Federal Reserve, the median balance of retirement accounts totals less than $60,000, and many African Americans/blacks have saved even less. >> AARP …