Once More Unto the Security Breach

For the third time this year, I opened an unmarked envelope to find a new credit card glued to the insert. Actually, it wasn’t a new card. Just a replacement for my current card, now unusable because of a security breach somewhere. I’ll be amazed if this card makes it to the end of the year. Sound familiar? Security Breaches on a Massive Scale Huge data breaches affecting millions of American consumers seem to be happening with regularity these days. …

Older Adults and People With Disabilities Want Choice and Control

We all like to have choices. Being able to decide where we live and work, what we eat and how we spend our leisure time all enhance life satisfaction. Having a disability doesn’t diminish the desire for choice. But unfortunately, people with disabilities often lose control over how services are provided when they depend on Medicaid for home- and community-based services (HCBS), such as meal preparation or help with bathing and dressing. It doesn’t have to be this way. Participant-directed …

Helping Older Adults With Depression

The recent death of actor and comedian Robin Williams prompted much-needed public discussion about depression, which affects millions of older Americans — including many who face a number of common risk factors such as financial stress, decline in physical and cognitive health, and social isolation. Research has linked depression to poorer functioning, health status and quality of life among older adults. Unfortunately, it can be difficult to identify and treat depression in this population, a challenge that comes with a substantial …

Worried Someone You Know May Have Diminished Financial Capacity?

What are the early warning signs of dementia? That’s a question professionals who work in the financial services industry have increasingly asked me since AARP released a report, entitled Protecting Older Investors: The Challenge of Diminished Capacity, on protecting investors who have diminished capacity. The report raised awareness among many financial professionals concerned about the decision-making capacity of their clients. Just to give some sense of how much of a potential problem this is, there are about 41.5 million Americans age …

Creating Effective State-Sponsored Retirement Plans

By Gary Koenig, Vice President, Financial Security, and David John, Senior Policy Adviser, Financial Security State-sponsored retirement savings plans can help private-sector workers not covered by employer plans build financial security. How many workers? More than you might think. In 2013, about 55 million private-sector employees did not have access to a retirement plan at work, including more than 7 million in California, 2 million in Illinois, and about 1 million each in Indiana and Maryland. Research shows that middle …

A Curious Big Government Retirement Savings Solution From an Unlikely Source

AEI’s Andrew Biggs has a proposal to help more people save for retirement. Writing for Real Clear Markets, Biggs proposes to require all employers who offer their employees a retirement savings plan like a 401(k) to use automatic enrollment. Workers whose employers don’t offer such a plan would have “access” to the Thrift Savings Plan (TSP), the retirement savings plan for federal employees. Biggs says that his proposal is “more about making government work better, than about making it larger.” …