AARP Calls on U.S. House to Reauthorize the Older Americans Act

The Older Americans Act (OAA) is the law that since 1965 has provided a variety of essential programs and services to our most vulnerable older Americans, including Meals on Wheels, access to abuse prevention services, transportation assistance, and support for family caregivers. OAA programs save taxpayers money by reducing unnecessary hospital readmissions, and help older Americans stay in their homes and communities, where they want to be. Ending hunger could be a SNAP » Since 2010, AARP has consistently supported congressional …

New Proposal Could Help Small-Business Employees Save for Retirement

Multiple employer plans are one option for small employers President Obama released the final proposed budget of his presidency on Feb. 9, and several items focus on financial resilience and retirement security, issues on which AARP has long advocated. Social Security provides the most important base of income, but Social Security was never intended to be the sole source of retirement income. In addition, we need a strong and adequate employer-based system. Access to a workplace retirement plan is critical …

4 State of the Union Takeaways for People Age 50+

By Nancy LeaMond The president’s actions following his final State of the Union will have an impact on Americans 50-plus in the many years after he finishes his second term. Here are four takeaways for you and your family to keep an eye on in the future: The Important Rule That Could Save Consumers $17 Billion a Year On Tuesday night the president, said, “For everyone else, especially folks in their 40s and 50s, saving for retirement or bouncing back …

Tax Breaks Brought Back From the Dead

Federal lawmakers will simplify tax planning for many by making certain tax breaks permanent — including one for charitably inclined older investors. Many tax breaks expire after a year or so, requiring an act of Congress to briefly extend them again. That has made tax strategizing difficult, because people don’t know if Congress will let an expired deduction or credit lapse for good or revive it at the last minute. As part of the omnibus spending bill that the U.S. …

Three Big Wins for Retired People in New Budget Act

People of retirement age and their families scored three significant victories in the budget act passed by Congress. 1. We preserved every cent of current Social Security recipients’ benefits. Millions of Social Security recipients were going to have their benefits automatically cut by 20 percent in 2016. That’s been stopped. No current recipient will lose a cent of Social Security benefits. Social Security Calculator: When Should You Claim Your Benefits? » 2. We halted skyrocketing Medicare premiums. Millions of Medicare recipients …

How the Budget Deal Blunts Medicare Cost Increases, Tweaks Social Security

The bipartisan budget agreement reached by the White House and congressional leaders wards off a spike next year in Medicare premiums and deductibles for millions of older Americans as well as ensures full Social Security disability benefits to millions who had faced steep cuts. President Barack Obama signed the accord Nov. 2 after the House of Representatives adopted it Oct. 28 and the Senate Oct. 30. In a letter to Congress, AARP CEO Jo Ann Jenkins applauded the agreement: “Your …