Could Your Electric Bill Go Up Before You Flip a Switch?

Meet John, a 62-year-old disabled veteran and Maryland resident. Each month after he pays for medications, food, transportation and housing, there isn’t much money left over. What’s more, John’s utility bill is already $130 a month, but some legislators are trying to raise it even higher — even before he flips a single light switch. You see, many utility companies across the country are trying to increase their “customer charge” — the mandatory monthly fee that remains the same no …

‘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 …

The Three R’s: Reading, ‘Riting, and…Retirement?

Crisp autumn air reminds me of my elementary school days in Upstate NY – and of my Mom’s hard work and dedication. My Mom worked the “vampire shift” at Tommy Tucker bakery – injecting doughnuts with jelly from 9 at night to 5 in the morning.  She’d arrive back at home in time to wake my brother, sister and me, cook a hot breakfast and send us off to school.  And, every Friday on her pay day, she’d take us …

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 …

Pop’s Critical Role as Caregiver During Mom’s Brain Surgery

This weekend we all had the opportunity to celebrate our fathers. As I remembered my Pop — a funny, hardworking, unselfish man — I thought about his devotion to my mom, especially during their later lives when he was her primary caregiver. He shouldered huge responsibilities that I think weighed heavily on his mind. I remembered the time, several days before Mom had brain surgery, Pop opened his wallet and handed me a small piece of paper. “It’s the anesthesia …