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Barry Armstrong has more than 25 years of experience in the financial services industry and hosts WRKO's Financial Exchange program every weekday from 10 a.m. to noon. Barry also works with the independent financial professionals at Armstrong Advisory Group, which he founded himself, to serve individual investors and small businesses in New England. For the most up to date information on The Financial Exchange, as well as industry news and info, follow Barry on Twitter @BarryGArmstrong.

02/27/2012 - 3:51pm
By: Armstrong Advisory Group
America Saves Week: 'It All Adds Up'

In 2007, America Saves and the America Savings Education Council (ASEC) began America Saves Week - an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. This year, America Saves Week runs Feb. 19-26, 2012.
 
According to the ASEC, most Americans are not saving adequately for retirement, and most lower-income households do not have adequate emergency savings for unexpected expenses.
 
"Most of us know it is smart to save money for those big-ticket items we really want to buy - a new television or car or home,"...

02/27/2012 - 3:48pm
By: Armstrong Advisory Group
Some 'free' credit reports aren't free

Companies offering free credit reports are pretty savvy with their marketing, using humor and catchy songs to attract consumers into using their services. The problem is that the "free" credit report offered by these companies is often just bait to get you to buy a subscription credit monitoring service. Fortunately, the Credit Card Act of 2009 requires credit reporting companies to disclose what they're really up to - albeit in fine print or fast-paced dialogue.
 
You really can get one free credit report per year from each of the major credit reporting bureaus - Equifax, Experian and Trans-Union. You...

02/27/2012 - 3:46pm
By: Armstrong Advisory Group
Delay receiving Social Security to increase benefits

Many Americans think of retirement as something that automatically happens when they reach 65. However, some may be able to afford to retire sooner, while others may want work longer to save more. Regardless of when you want to retire, you should delay receiving Social Security benefits until 70 if you can.
 
"One of the best ways to ease into retirement is to live within your means and not rely on income from Social Security until age 70," according to Aaron Crowe from Bankrate.com.
 
Most baby boomers will be eligible for full Social Security benefits at age 66,...