The AARP Movies for Grownups Awards premieres tonight on many PBS stations. Watch at 9 p.m. ET.
by Jeanne Lee, AARP The Magazine, September/October 2010 issue
Save Money on Everything. Read
The Five Rules of Frugality. Read
99 More Great Ways to Save. Read
Slash your mutual fund fees
You can save more than 80 percent on mutual fund expenses—leaving you more money to invest—by choosing low-cost funds. An index fund (which mirrors the holdings of a market yardstick such as the S&P 500) generally costs less than an "active" fund (which picks stocks and may charge a "load" fee upfront and management fees). The fees on active funds average 1.22 percent of assets each year—far more than the 0.18 percent, for example, charged by the Vanguard 500 index fund. Exchange-traded funds (ETFs)—similar to index funds except that they trade on stock exchanges—have fees comparable to index funds.
Profit from discount-brokerage price wars
Charles Schwab, E-Trade, Fidelity, and Scottrade have been slashing stock and bond commissions to lure back investors lost during the economic meltdown. You can find commissions as low as $7 per trade—that’s as much as 60 percent less than the cost a year ago.
Don't just take our experts' words for it—we want to hear how you're cutting costs. E-mail us your best money-saving advice!
Please leave your comment below.
You must be logged in to leave a comment.
Get tips and resources to protect yourself from fraud and see the latest scam alerts in your state.
Members save 15% on in-store purchases of frozen yogurt, treats and apparel.
Exclusive program for members from The Hartford.
AARP members receive exclusive member benefits & affect social change.
You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits.
Your email address is now confirmed.
Manage your email preferences and tell us which topics interest you so that we can prioritize the information you receive.
Explore all that AARP has to offer.
In the next 24 hours, you will receive an email to confirm your subscription to receive emails
related to AARP volunteering. Once you confirm that subscription, you will regularly
receive communications related to AARP volunteering. In the meantime, please feel free
to search for ways to make a difference in your community at