Saving Our Retirement

At AARP, we know that the people we represent have worked hard to save for retirement, and we believe that they deserve to have financial advisers who work just as hard to protect and grow their savings. Right now, some people have that, and some don’t. Loopholes in the law allow many financial advisers to offer advice based on what’s best for them, not the person saving for retirement. >>Related: President Proposes Rule to Protect Worker Savings We need to change …

President’s Budget Would Trim Estate Exemptions

President Barack Obama’s proposals to increase middle-income tax cuts would come partly at a price to the estates of higher-income households. Under the new budget released Monday, the president calls for turning back the clock on estate taxes to 2009, when an individual could shelter $3.5 million — double that for married couples — from the federal estate tax. Currently, the exemption amount is $5.43 million per person. The top tax rate on estates would also go up under the president’s …

Obama Proposes Middle-Class Tax Breaks

In his penultimate State of the Union address, President Barack Obama on Tuesday night announced wide-ranging proposals he said would improve the economic prospects of the middle class, including helping families pay for college and child care, while giving more workers access to retirement plans. To help pay for these expanded benefits, the president also wants to increase the taxes paid on inherited assets of higher-income households. Many agree that it’s a long shot the president will get his wish list — …

11 Things We Didn’t Know Last Week

News, discoveries and … fun 1. Planet Earth has a cousin – Kepler-186f – about 500 light-years away in the constellation Cygnus.  (Learn more at The Atlantic) 2. A disorder that causes you to act out your dreams is the best predictor of brain disease, says a new study. (Learn more at AARP) 3. A majority of American adults in all age groups now owns a smartphone. (Learn more at Time) 4. Colorado boomers are the best educated; Maryland’s boomers …

AARP Will Work With President, Congress for Secure Future

The president’s speech tonight addressed issues AARP has been working on since long before President Lyndon Johnson’s war on poverty began over 50 years ago. Social Security and Medicare have helped make a difference by protecting the middle class and keeping millions out of poverty, but many families and Americans of all ages continue to struggle. As we look toward this season of new budget proposals, we also urge the president and Congress to fight for responsible solutions to strengthen …

The Fiscal Crisis of Families

Washington and the news media have long been focused on a series of budget deadlines and fiscal dramas. But a different headline stood out for me the other day, as I read a story in the Washington Post: “Fiscal Trouble Ahead for Most Future Retirees.” The story provided dramatic support for recent findings of AARP’s Public Policy Institute that the security of middle class Americans is under attack from all sides. AARP’s Middle Class Security Project and the Post article …