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What consumers need to know about crowdfunding
Attorney general charges two big banks are violating terms of mortgage settlement

Guns, living life well, parenting, health, sports, finances, and charities are topics for this week’s Best of Boomer Blogs

I’m the host for this week’s Best of Boomer Blogs #307.

Tulips and BarnsAs spring is finally underway and May is bringing us flowers, baby boomer bloggers are writing about what’s on their minds as summer approaches.

While on vacation, Tom Sightings, of Sightings Over Sixty, saw a billboard advertising a shooting range ... and suddenly realized “Why Men Love Guns.”

What is one off the greatest loses for American Expats? Watching an American football game. Arabian Tales Katie Foster finds an American football league in the deserts of Dubai.

Laura Lee Carter, the Midlife Crisis Queen, has been taking a week off and doing some reading for pleasure. Here is her assessment of the new Debbie Reynolds memoir: ”Unsinkable.”

 With Mother’s Day nearing, Lisa Garon Froman, of Tao Flashes, offers an honest portrayal of her time as a Helicopter Mom in “An Ode to Motherhood.” It’s a bittersweet account of her memories and regrets.

Karen D. Austin, of The Generation Above Me, describes dystextia, a new stroke symptom established by doctors. Her post examines the four documented case reports of dystextia. In most cases, the inability to text properly was the only sign of stroke.

This week, John Agno, of So Baby Boomer, gives a primer on annuities: With a typical annuity, a customer hands over her retirement nest egg to an insurance company in exchange for a promised future stream of payments. The insurer invests the money and gets to keep any earnings beyond what’s guaranteed to the policyholder. If the bets backfire and the insurance company fails, some losses may be borne by customers and state guarantee funds, which puts boomers at risk.

My tips for baby boomer consumers this week are on giving donations to help others through crowdfunding. While these websites are established to allow solicitation of money for a variety of purposes, the organizations or individuals who get the funds aren’t necessarily charities. Some contributions may not be tax deductible, the websites usually take a percentage of the donation ranging from 5 to 20 percent, and you may pay processing fees.

Be sure to check back next week to see what baby boomer bloggers are writing about.

Copyright 2013, Rita R. Robison, Consumer Specialist


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