What Happens to Your Pension When the Company Goes Bust?

Studebaker auto workers found out the hard way in 1963. When the Studebaker Corp. shut down its plant in South Bend, Ind., workers who had been promised pensions saw their hard-earned benefits vanish in an instant. Instead of receiving fixed payments throughout retirement, thousands of employees were forced to take one-time lump sums worth a fraction of what they’d earned. Thousands more received no benefits at all. The Studebaker Corp. had been promising pension benefits to its employees, but in …

10 Tips for Caregivers From Caregivers

As I cared for my parents, helping them to live independently at home as they aged, I learned to listen to the learnings of other family caregivers. Recently, I shared 5 Tips for Caregivers and asked others for their views on our @AARPAdvocates Facebook page. The comments from fellow caregivers came flooding in. While I wish I could share them all, here are 10 tips from caregivers to caregivers: 1. Be patient. Nan: “Patience followed by more patience.” Rae: “Patience! Lots …

Cut Social Security? Say Goodbye to Older Voters

Seventy-nine years after its creation, Social Security remains a vital key to Americans’ retirement security. And with the 2014 elections less than three months away, strengthening the program is a top priority for older voters, according to a new AARP survey of voters 50 and older. The message to candidates is clear: Stop treating Social Security like a line item in a budget. Older voters have earned their benefits through a lifetime of hard work and paying into the system. …

39 States and Counting: Caregiving Across State Lines

I was a long-distance caregiver for my parents for nearly 15 years. Through illness, surgery and rehabilitation, I helped them stay out of institutional care, like a nursing home, and instead remain at home - where they wanted to be. During this time, I purchased my house on Cape Cod in Massachusetts with my parents in mind – hoping that Mom and Pop could come to the Cape from New York, enjoy time by the seashore, and get some rest and …

Wendy Williams and Others Are Fabulous at 50+!

She was her usual chic and dynamic self. But since it was her birthday, she was even more exuberant. Yes, Wendy Williams just turned 50. And the iconic daytime talk show host whose name is synonymous with cutting edge entertainment is now – as she proclaimed – “The new face of 50!” AARP is delighted to have shared the momentous occasion with her. I celebrated with Wendy at her star-studded party. Chaka Khan performed. Sherri Shepherd from The View was …

Social Security Remains Strong Overall and Separate From the Budget

Social Security remains strong as seen in today’s long-term projected outlook by the Social Security Trustees. While today’s report reminds us that we must eventually make modest changes to ensure current and future generations of Social Security beneficiaries receive what they’ve earned, it confirms that Social Security can continue to pay full benefits for nearly two decades. The Trustees once again report that the combined Old Age, Survivor and Disability Insurance Trust can pay full retirement, survivor and disability benefits for approximately two more decades, and about 75 percent of …