Minnesota

A Tale of Two Americas

Posted on 08/18/2014 by |AARP Blog Author | Comments

PoliticsToday’s sobering statistic: Almost 20 percent of people ages 55 to 64 have no retirement savings. And even among those who have saved, millions are facing a retirement “deficit” — meaning they will outlive their retirement savings by $57,000 on average per household. Why does that matter to the rest of us? Because if millions of older adults haven’t saved enough to be self-sufficient in retirement, they will end up turning to government safety net services — a costly proposition …

New Retirement Savings Plan Is Win-Win for Workers, Businesses

Posted on 07/28/2014 by |AARP Blog Author | Comments

PoliticsLast week, I sat down with Adrienne Mitchell of MarketWatch to talk about what 57 million American workers lack: a way to save for retirement at work — leaving them with little opportunity to secure their financial future. Just think about this for a minute: For workers who do have access to a retirement savings plan in the workplace, such as a 401(k), this increases their savings rate by 1300%. And, no, that’s not a typo. So, how can we …

A Secure Retirement: American Dream or Pipe Dream?

Posted on 07/14/2014 by |AARP Blog Author | Comments

PoliticsI often hear from friends and family members that they’re afraid they don’t have enough saved for retirement, and the truth is, many Americans are not prepared for the future. As recently highlighted by the New York Times, the reason many are not financially prepared is because they don’t have the right tools at work to help them save for their future. In fact, when individuals have a way to save through their workplace, their rate of savings goes up …

Family Caregivers at Work

Posted on 06/30/2014 by |AARP Blog Author | Comments

PoliticsThrough the years, I’ve had to take time off from work to care for my mom and pop. And I’ve always been grateful that I worked for an employer that allowed me to take sick leave or to telework in order to be there for my parents. But I know I’m one of the lucky ones. Today, millions of American workers have no paid or unpaid sick leave. Each day they face loss of pay — or loss of their jobs …

Supporting Seniors, Family Caregivers: Where Does Your State Rank?

Posted on 06/23/2014 by |AARP Blog Author | Comments

PoliticsMy sister always says, “If you fail to plan, you plan to fail.”  I was reminded of this adage when I heard Loren Colman, Minnesota assistant commissioner of continuing care, explain how Minnesota is consistently ranked at the top of the nation when it comes to providing support for seniors and their family caregivers. “We planned,” he said.  Indeed, Minnesota developed a plan decades ago to transform the way the state would deliver long-term care services to older residents in their …

Work and Save: From Sea to Shining Sea

Posted on 05/19/2014 by |AARP Blog Author | Comments

PoliticsThe problem with living in Washington, D.C., too long is that you start to forget all the exciting action happening outside this politics-crazed town. The truth is, the real action is taking place in state capitols around the country. Today I want to take a moment to highlight some of the victories and innovative solutions happening from Hartford to Olympia to help people save for the future and live independently as they age. I’m lucky enough to have worked for …