Zorro Lunch Box or Retirement Account, How Are You Saving for Your Future?

Growing up, I could tell  when my Pop was coming home from work by hearing the jingling of change in his pockets. And, every night before he sat down for family dinner, Pop would go to the basement and empty the contents of his pockets into a Zorro lunch box for safekeeping. Mom and Pop were devoted savers — Pop in his lunch box and Mom in her Christmas Club account at the bank. One day Pop announced, “It’s time …

Does your state support services for older Americans, family caregivers?

Family caregivers provide an estimated $450 billion in unpaid care annually, helping their older parents, spouses and others to live independently at home—and out of costly institutional care, often paid for by Medicaid. But now, in a number of states as governors and legislatures negotiate their state’s annual budgets, critical assistance on which family caregivers and their loved ones rely on is at risk. Proposed cuts to home care, adult day services, meals-on-wheels and more have real consequences for families. …

Could You Retire From Your Job in Debt?

Think about retiring from your job with no savings — not even a little bit — just debt. Unfortunately this is the case for one in five Utahans, according to a new study released recently by Notalys LLC. This news is troubling, to say the least. To make matters worse, with 45 percent of working-age households having nothing — zero dollars — saved toward retirement, what’s playing out in Utah could have significance nationwide. That’s why Utah and other states around …

Groundbreaking Law Will Help 2.5 Million Workers Retire With Confidence

”Great news from Illinois: A new law will help 2.5 million workers retire with confidence. Signed by former Gov. Quinn this year, the Illinois Secure Choice Program gives millions of state residents a way to save for their future at work — a tool that increases savings rates by 15 times.  Upon signing the bill, Gov. Quinn shared, “This is a special … opportunity, for all of us to go forward at helping people save for retirement. Secure Choice is …

Why Cities Need to Be Business-Friendly, Family-Friendly and Age-Friendly

We couldn’t have said it better ourselves, so we won’t even try. Ted Wheeler is the state treasurer of Oregon. On July 17 he was the keynote speaker at an AARP and Governing magazine roundtable event that convened Portland-area elected officials, municipal and regional staff, and private-sector leaders to share strategies for creating age-friendly, livable places. Following are Wheeler’s spot-on remarks about the importance of livable communities for people of all ages: “By 2030 1 out of every 5 people …

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

Last 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 …