savings

New Thinking about Budgeting for Your Second Adulthood

Posted on 07/15/2013 by |AARP Blog Author | Comments

Money & SavingsThis is a guest post by Bart Astor. For years financial planners have been preaching that in your retirement years you should plan on spending about 70% of your current income. This number was based on a number of factors, including: You don’t need to continue to save for your retirement years You won’t be paying into Federal Insurance Contributions Act Tax (Social Security and Medicare) You won’t have commuting and work expenses Your house will be close to or already …

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

Posted on 05/9/2013 by |Best of Everything After 50 | Comments

Beauty & FashionOkay, 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 …

AARP’s Life@50+ = Bargain of a Lifetime!

Posted on 09/24/2012 by |The Ultimate Cheapskate | Comments

Money & SavingsHands down, the best $25 I’ve ever spent: AARP’s Life@50+ National Event. That’s the price of admission for the entire three day event ($35 for non-members), and you easily get 10 times that amount in return value in the form of world class entertainment, cutting edge information, and schwag … lots and lots of schwag. This past week, Life@50+ 2012 was held in New Orleans, and on Saturday – the last day of the event – I woke up with a …

The Ultimate Cheapskate on “How to Retire the Cheapskate Way”

Posted on 09/21/2012 by |AARP Blog Author | Comments

Money & SavingsFolks who were lucky enough to be in New Orleans for Life@50+ National Event got a taste of the cheap life from AARP’s savings expert and Ultimate Cheapskate Jeff Yeager. Think living frugally has to be boring? Think again — and Jeff’s session was anything but. Jeff shared some advice from his upcoming book, How to Retire the Cheapskate Way: The Ultimate Cheapskate’s Guide to a Better, Earlier, Happier Retirement (due out in December).  A lot of what he shared is applicable for folks at …

Lose A Few Pounds, Fatten Your Wallet

Posted on 08/9/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsListen up, workers. Take better care of yourself (and possibly lose a few inches around your waistline), and your employer just may reward you by fattening your wallet. A new survey has found that more than half of U.S. companies are now offering incentives to their workers to take part in health and wellness programs, from screenings to quitting smoking. This year, 59 percent of 2,000 employers with 20 million people on their payrolls used incentives, up from 37 percent in …

Why Retiring Abroad Could Save You Money

Posted on 08/1/2012 by |Retiring Overseas | Comments

Money & SavingsIn a previous blog post, I wrote about one of the key perks of living in Latin America – affordability. I wrote that you can live quite comfortably in Latin America on your Social Security benefits, despite the fact that those benefits have only risen 3.6 percent in the last three years. For a retiree in 2012, the average Social Security benefit is $1,230. One of my favorite treats, I mentioned, is that in Ecuador, I can afford to hire …