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The Takeaway: AARP CEO Addresses Debt Committee; New Federal Office Focuses on Senior Scams

Posted on 10/20/2011 by | Brooklyn, NY | Comments

News RoundupsAARP CEO A. Barry Rand sent a letter yesterday to the debt Super Committee asking the 12-member panel not to include Social Security or Medicare benefit cuts in its plans. And the newly-created Office of Older Americans, within the U.S. Consumer Financial Protection Bureau, will focus on stopping the financial abuse of older adults. Regulators say financial fraud costs older Americans about $3 billion a year.

Playing the Lotto: Proceed with Caution

Posted on 11/4/2010 by | General News | Comments

Money & SavingsMore than $70 billion dollars: that’s the amount of money that was spent on lottery tickets in North America last year. Seems like a lot of money to be spending on a thrill that usually only lasts a few minutes, according to state lottery commissions (and this AARP article), the odds of winning a grand prize in state lotteries can be as outlandish as 1 in 175 million, depending on the game. Is spending money on such a slim chance …

Nest Egg Rebound?

Posted on 12/16/2009 by | Archived Contributor | Comments

Money & SavingsHere is an article from Newsweek today on the bounceback of 401(k)s since the stock market has rebounded as of late. However, unfortunately, workers who are very close to retirement have accounts that have less money than they did at the end of 2007 – because their accounts had more to begin with. We’re talking about workers aged 55-64, who have been at their job at least 10 years. It may be ironic, but it also makes mathematical sense. The …

“10 Reasons You Shouldn’t Retire” – and Free Lunch Seminars Busted

Posted on 12/15/2009 by | AARP Blog Author | Comments

Money & SavingsHere is another good retirement advice article from U.S. News and World Report online. It’s called “10 Reasons You Shouldn’t Retire.” The author points out that even though it can be tempting to quit your day job and dream of days without the responsibility of a job, the benefits of staying in the workforce longer are “obvious and dramatic. The first few reasons on the list are ones you might not even think of right away: your health – and …

"10 Reasons You Shouldn't Retire" – and Free Lunch Seminars Busted

Posted on 12/15/2009 by | Archived Contributor | Comments

Money & SavingsHere is another good retirement advice article from U.S. News and World Report online. It’s called “10 Reasons You Shouldn’t Retire.” The author points out that even though it can be tempting to quit your day job and dream of days without the responsibility of a job, the benefits of staying in the workforce longer are “obvious and dramatic. The first few reasons on the list are ones you might not even think of right away: your health – and …

Notable News for December 3

Posted on 12/3/2009 by | Archived Contributor | Comments

Money & SavingsThis headline from the Wall Street Journal caught my eye this morning: “What Should You Do With Your Money in 2010?” Wouldn’t it be nice if you could have a heart to heart with six different financial advisors and see what they had to say about investing next year? Since that is probably not feasible for most of us, a Dow Jones reporter did the hard work for us! Check out the article for answers from six different advisors on …

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