‘There Will Be No Retirement for Me.’

Meet Jeff and Capi Saxton. Jeff is a bookbinder and Capi manages a small fabric and sewing supply store. Now in their 50s, they’ve found it hard to save for retirement. “There will be no retirement for me,” Jeff says. “I’ll always have to work.” Jeff and Capi are not alone. In fact, the average working-age household has only $3,000 saved for their future. And if you have anything at all saved, you’re ahead of the curve — 45 percent …

Let’s Give Small-Business Owners a Competitive Edge

“People give their time to their job. They shouldn’t have to fear what happens when they’re done working.”  — Molly Sumner of Kindred Companions Molly Sumner of Frenchtown, N.J., owns a small business called Kindred Companions, training dogs and selling pet supplies.  Unfortunately, Molly’s employees are some of the nearly 2 million New Jerseyans — and 55 million Americans — who don’t have a retirement savings plan through work. “It’s something I want for my employees,” Molly says, but not …

Celebrating Social Security’s 80th Anniversary

En español | On the morning of Aug. 14, 1935, Americans awoke in a country vastly different from the one we know today. The Great Depression had brought us to the point where, in the words of President Franklin D. Roosevelt, “one-third of the nation [was] ill-housed, ill-clad [and] ill-nourished.” Suffering the most were America’s elderly. Nearly half of our older population in 1935 lived in poverty! At approximately 3:30 on that August afternoon, President Roosevelt signed the Social Security …

New AARP Survey: Americans of All Ages Support Social Security

En español | As Social Security celebrates its 80th birthday, the program remains as popular as ever among all age groups, although some people are skeptical and confused about its long-term financial outlook. Those are a couple of the findings in AARP’s new report “Social Security 80th Anniversary Survey Report: Public Opinion Trends,” released Aug. 13. AARP has measured the attitudes of Americans ages 18 and older about Social Security periodically since 1995, most recently in June. Social Security Calculator: …

How Much Have You Saved for Retirement?

How much have you saved for retirement? Five hundred dollars? Five thousand? Fifty thousand? If you have even $5 saved, you’re one step ahead of nearly half of working-age households — who have ZERO saved for retirement. This startling fact is just one of the reasons AARP is fighting for Work and Save, a commonsense solution to help individuals save toward a secure retirement  through an easy payroll deduction at work — an option not available to many employees. Work …

White House Conference Turns Spotlight on Aging Issues

President Barack Obama and a host of experts and advocates for older Americans gathered at the White House July 13 to discuss a variety of issues about aging in America. Government programs such as Medicare, Medicaid and Social Security are great triumphs, Obama told nearly 200 attendees at the White House Conference on Aging, which since 1961 has been held about once a decade to help chart the course of policies on aging. More than 600 “watch parties” were held …