Finances 50+

You’ve worked hard to save for retirement and you deserve a financial advisor who works just as hard to protect what you’ve earned. Right now, loopholes in the law allow bad-actors in the financial industry to provide retirement savings “advice” based on what’s best for their pocketbook, not yours. The result? They can recommend investments with higher fees, riskier features, and lower returns because they earn more money, even if those investments are not the best choice for you. Bad advice is wrong, and it is costing Americans up to $17 billion per year.

RALEIGH -- In a first-of-its-kind effort, AARP North Carolina and Shaw University Divinity School have announced a pilot program on financial literacy. This effort is being implemented to improve the savings rates of individuals of all ages so people can be better prepared to meet the financial demands of the future.

By Charmaine Fuller Cooper

This week on “Real Life,” AARP continues to look for ways to save you money. Credit unions often offer benefits not provided by traditional banks. What are they? Are they right for you?