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 …

How to Make Your Financial Dreams a Reality

In his “I Have a Dream” speech, the Rev. Martin Luther King Jr. encouraged us to think about the real possibilities of a brighter future — a future that affords us to live in comfort and prosperity. It is in that spirit that we encourage you to evaluate your dream of financial security. >> AARP’s Financial Freedom Program There are several steps you should consider to help you work toward financial freedom as you kick off the new year with a …

Creating Effective State-Sponsored Retirement Plans

By Gary Koenig, Vice President, Financial Security, and David John, Senior Policy Adviser, Financial Security State-sponsored retirement savings plans can help private-sector workers not covered by employer plans build financial security. How many workers? More than you might think. In 2013, about 55 million private-sector employees did not have access to a retirement plan at work, including more than 7 million in California, 2 million in Illinois, and about 1 million each in Indiana and Maryland. Research shows that middle …

Financial Planning for People With Dementia

As boomers move into their late 60s and beyond, the country is likely to experience a growing number of individuals with dementia who have difficulty managing their financial affairs. This means financial advisers must be trained to recognize the early signs of cognitive impairment among clients and then plan for deteriorating mental health that may occur over many years. In addition, policymakers must bolster protections against financial exploitation to protect older consumers with dementia. >> 10 Items Where Coupons Save …

Report: Dying in America Harder Than It Has to Be

By Jenny Gold, Kaiser Health News Staff Writer It is time for conversations about death to become a part of life. That is one of the themes of a 500-page report, titled “Dying in America,” released Sept. 17 by the Institute of Medicine. The report suggests that the first end-of-life conversation could coincide with a cherished American milestone: getting a driver’s license at 16, the first time a person weighs what it means to be an organ donor. Follow-up conversations …

Your New Retirement Number: $58,000

En español | Financial experts seem to speculate endlessly about boomers’ projected lifestyle in retirement based on their savings and spending patterns. Now a new survey that polled recent retirees about their standard of living has found that, for some, you don’t need a lot of money each year to retire comfortably and live happily. According to the survey by Baltimore-based investment firm T. Rowe Price, recent retirees report living on 66 percent of their pre-retirement income on average – $58,000 …