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Social Security Outlook Improves, but Disability Needs Urgent Action

The financial health of Social Security has improved slightly in the last year, with the system expected to exhaust its reserves to pay benefits in 2034, a year later than previously projected, according to the 2015 Social Security Trustees Report released July 22. At that time, if Congress has taken no action, Social Security will have enough payroll taxes coming in to cover 79 percent of promised benefits for another 56 years, the report said.

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Why AARP Backs a New Retirement Plan Advice Rule

Yesterday was the due date for comments on a rule proposed by the U.S. Department of Labor that would protect people with 401(k)s and IRAs from conflicts of interest in the financial services industry.

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Making retirement saving even more valuable by adding automatic emergency savings

Automatic enrollment for retirement saving is both effective and popular among all income, gender and ethnic groups. It has increased participation, helped people to both start saving earlier and to make appropriate investment choices.This mechanism would be even more useful, especially for younger workers and those with low-to-moderate incomes if retirement savings plans also allowed employees to save for unexpected expenses.

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Retirement Security: ‘It’s About Honesty, Fair Play, Dignity’

AARP President Obama Interview

President Obama in Chicago, Feb. 19, 2015

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10 Ways to Prevent Identity Theft When Traveling

Summer Glasses on wood with towel and slippersPlanning summer vacation has its headaches. But enjoying it can cause the migraine of identity theft. Being from out-of-town means being out-of-sorts – and more vulnerable to scams.

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Boomers: The Surprising New Face of Hunger

The nation’s face of hunger is changing: More than 8 million boomers age 50 to 64 are turning to charities for food assistance, according to a new report by Feeding America, a network of 200 food banks that provide food and groceries to Americans in need.

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Get the latest dirt on your bank

How well does your financial institution treat its customers?

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The Fast Track to Saving Is to Pay Yourself First

savveLet’s face it, for most of us one of the biggest obstacles to saving is that sometimes there isn’t enough paycheck at the end of the month. Even for those of us who educate people about managing their finances, it can get hard when the budget is already stretched thin. Here are a few ways to get you started.

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Most Adults Flunk Social Security Quiz

Most adults likely have heard of Social Security – or seen the taxes for it taken out of their paychecks. But when quizzed on some of the basics of the program, only 28 percent get a passing grade.

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Some of the Worst Mistakes I’ve Ever Made With Money

Elaine Ryan

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CFPB: Reverse mortgage ads can confuse more than inform

Advertisements touting reverse mortgages often leave older consumers confused about the loan terms and unaware of the risks, according to a new report from the Consumer Financial Protection Bureau.

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Caring for mom shouldn’t mean losing your house

tax-credit-blog-squareDebra from New Jersey is on the verge of losing her house to foreclosure because she can’t keep up with paying the bills and helping her mom, who has dementia, remain at home.  To keep Mom out of a nursing home,

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Let the (Home) Buyer Beware

For Sale signLooking to buy or sell a home in the coming weeks, which is expected to be the busiest real estate season in eight years?

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Generation X Experiencing “High Anxiety” Around Retirement

Like Billy Joel, I frequently find myself in “a New York State of Mind.” I am a New Yorker—born, raised and educated in the Empire State.  Though I no longer live there, I still call it home – which is why I was concerned by the findings of a new AARP survey released last week.  The reality is, the “New York State of mind” is experiencing “

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It’s Not Too Late: You, Too, Can Be a Financial Success

Maggie Lena Walker, born in 1864 in Richmond, Va., grew up helping her formerly enslaved mother wash clothes for others to make a living. Thirty-nine years later, on April 27, 1903, Maggie Walker became America’s first black woman to establish and head a bank.

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Investors Win in Supreme Court 401(k) Decision

The U.S. Supreme Court this week sent a strong message to employers offering 401(k)s – you can’t just pick investments for the plan and then forget about them.

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Hackers Guzzle Your Money via Starbucks Mobile App

Paying at Starbucks with smartphoneStarbucks devotees, prepare for a jolt beyond what’s provided in those morning Cappuccinos: Hackers are draining financial accounts of customers who use Starbucks’ gift cards or

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Some Advice to Help Put Your Kids On a Career Path Now

In the famous scene from The Graduate, Ben is cornered by guests at his college graduation party who ask, “What are you going to do now?” One man offers a single word of advice: “Plastics.” By the movie’s end, Ben is still clueless about his future. And there most likely will be thousands of versions of Ben among the 4 million students receiving advanced degrees this month.

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The Passcode to Hack Most Credit Card Readers

Signing payment at point of sale terminalAbout 90 percent of checkout payment card readers, like those implicated in last year’s string of

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Reverse Mortgages Now Harder to Get

Reverse MortgageIf you thought about taking out a reverse mortgage, be aware that new rules that recently kicked in might actually make it harder for you to qualify.

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