cost of living

Is Your State a … Weakling?

Posted on 01/24/2014 by | Washington Watch | Comments

Bulletin Today | PoliticsPolitico Magazine has tallied the numbers, and the Oscar for best state goes to … New Hampshire. Actually, the magazine’s ranking is pegged to a different winter event: the president’s annual State of the Union address. Here’s what Politico‘s Margaret Slattery has to say: Tuesday, President Obama, if precedent holds, will declare that the state of America’s union is “strong.” Is it? One way to judge is by the state of the states of the union: How strong are they, and, …

Social Security Checks to Edge Up in 2014

Posted on 10/30/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsSocial Security benefits will increase by just 1.5 percent next year — about $19 a month for the average retiree. The increase is one of the smallest since automatic cost-of-living adjustments were adopted in 1975. It affects Social Security benefits for some 58 million Americans, as well as benefits for millions of disabled veterans, federal retirees and people who get Supplemental Security Income. >> Sign up for the AARP Money newsletter. “The COLA announced today is vital to millions, but at …

Shutdown Delays Announcement of Social Security COLA

Posted on 10/10/2013 by | Washington Watch | Comments

Bulletin Today | PoliticsWondering what next year’s cost-of-living adjustment for Social Security will be? Keep wondering. The Social Security Administration was scheduled to announce the annual COLA adjustment on Oct. 16, but it can’t do so because it won’t have an inflation report for September from the Labor Department. The Labor Department announced on Oct. 10 that it won’t be issuing the inflation report because of the government shutdown that went into effect on Oct. 1. Sign up for the AARP Money Matters …

Chained CPI Petitions Delivered to Capitol Hill: 1.5 Million Say No

Posted on 08/9/2013 by | AARP Blog Author | Comments

PoliticsFifteen cardboard boxes. Ten thousand pages. And about 1.5 million people who want to be heard signed their names on one or more petitions, for a total of 2.3 million signatures. A group of AARP volunteers — known as the Capitol Hill Strike Force — descended on the U.S. Capitol this morning to deliver their messages to the House Ways and Means Committee. “As members of Congress consider proposals to reform these vital retirement security programs, it’s critical that they …

Why Retiring Abroad Could Save You Money

Posted on 08/1/2012 by | Retiring Overseas | Comments

Money & SavingsIn a previous blog post, I wrote about one of the key perks of living in Latin America – affordability. I wrote that you can live quite comfortably in Latin America on your Social Security benefits, despite the fact that those benefits have only risen 3.6 percent in the last three years. For a retiree in 2012, the average Social Security benefit is $1,230. One of my favorite treats, I mentioned, is that in Ecuador, I can afford to hire …

From Omaha to Ecuador: All I Miss Are Triscuits

Posted on 05/2/2012 by | Retiring Overseas | Comments

Your Life“What do you miss the most from home?” As a speaker at International Living conferences held around the world, this is one of the most common questions I’m asked. And it’s one that’s easy to answer. I’ve been living in Latin America for 11 years, and the truth is that I have a new home now, in Ecuador. There’s not much I miss from my old home. In fact, there are far more things I don’t miss than those I …