Last Chance! We’re Giving Away $50,000! Enter Now. See Official Rules



Contests and

Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

Happy African American couple

AARP Books

Visit the Books Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

Jobs You Might Like

most popular


How to Recover From a Financial Setback

Have you taken a financial hit recently? It's not too late to turn things around

After credit woes or major investment mistakes: Seek professional help

Nothing can deal a bigger blow to your confidence — and your finances — than making a major investment mistake. Whether it's watching your 401(k) go up in smoke, investing in a relative's business that goes belly up or simply picking a series of investment dogs, it's no fun watching your investments fail.

If you're just baffled about how to best manage your retirement assets, consider setting up a meeting with a financial planner or a financial adviser. You can find specialists and experts in your area via the Financial Planning Association and the National Association of Personal Financial Advisors. Both are reputable groups with professionals who can evaluate your situation, help you create a financial plan and guide you toward your financial goals after a setback.

If budgeting blunders, credit issues and debt problems are plaguing you, seek assistance from a HUD-certified, nonprofit credit-counseling agency.

After divorce: Reestablish credit

Divorce can be a nasty matter, both emotionally and financially. But once the dust settles, you can recover from this setback, too.

From a financial perspective, you'll need to reestablish credit in your own name after a marriage breakup. To find out where you stand, get your credit reports from the three credit bureaus — Equifax, Experian and TransUnion — via the government-mandated site, If you spot any credit errors, write to your creditors or the credit bureaus and dispute any mistakes.

To ward off other credit problems, get rid of all joint credit accounts you had with your former spouse and be sure to pay all bills on time to try to maintain your credit rating postdivorce.

If you don't have much credit in your own name, you might want to apply for a secured credit card, which requires you to pay cash upfront for a credit line. For those who have credit problems like bankruptcy, you may find that certain banks are willing to offer you a regular unsecured credit card fairly soon after your bankruptcy is discharged — primarily because lenders know you aren't eligible to file for bankruptcy protection again for years.

Next page: Build your emergency fund after a financial setback. »

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts


Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.


The Cheap Life

Jeff Yeager Cheap Life Ultimate Cheapskate AARP YouTube web series save money

Catch the latest episode of The Cheap Life starring Jeff Yeager, AARP's Ultimate Cheapskate. Watch

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Member Benefits HomeServe

Members can protect their homes with comprehensive repair plans from HomeServe.

AARP Credit card from Chase

Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.

Woman holding smartphone in city, Google map tool

Members can find discounts on the go via the AARP® Member Advantages Offer Finder app.

Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.

Rewards for Good

Your Points Balance:

Learn More

Earn points for completing free online activities designed to enrich your life.

Find more ways to earn points

Redeem your points to save on merchandise, travel, and more.

Find more ways to redeem points


Advance your skills. Transform your career.

Explore your learning possibilities.