AARP Supports and Honors Veterans and Their Families

I’m proud to say that AARP’s efforts to understand and respond to the special needs of America’s veterans and their families have moved forward in leaps and bounds in recent years. Now, we are about to strengthen our commitment with an addition to AARP.org – a web page specifically designed to bring together all our efforts to make life easier and more affordable for veterans and their families. Already, we closely and continuously monitor the regulatory and legislative affairs affecting America’s …

New U.K. Annuity Reforms Are a Step Too Far

After nearly a decade where the United Kingdom has been the gold standard for retirement savings policy, it is about to take a step that it may regret. The U.K. has a retirement savings system that will enable virtually all of its workers to supplement their state-paid pension with retirement savings. When it is fully phased in, they will have access to a low-cost, diversified savings platform that uses automatic enrollment to encourage participation. However, starting in April, the requirement …

Those Pension Cuts and What You Need to Know

Congress recently carved a hole in a 40-year-old pension law that has prevented employers from cutting benefits earned by those already retired. This change applies to people covered under multiemployer plans that are in critical financial shape. Here’s what you need to know: What is a multiemployer plan? This is a pension covering workers and retirees from more than one employer in the same or related industries, such as trucking or construction. (Most of them were established under collective bargaining between …

Social Security Benefits to Rise 1.7% Next Year

Social Security benefits will rise by 1.7 percent starting in January, the Social Security Administration announced Wednesday. That’s a tad higher than this year’s 1.5 percent increase. It’s also the fourth straight year that the cost-of-living adjustment was below 2 percent for nearly 59 million retirees, disabled workers and their families. The adjustment amounts to about $22 a month for those who receive the average monthly benefit of $1,302. >> See AARP CEO Jo Ann Jenkins’ statement on the COLA “The …

11 Things We Didn’t Know Last Week

News, discoveries and … fun 1. Top French chefs want to make it legal to eat a small protected songbird one week a year. (Learn more at New York Times) 2. Those bumps on your tongue aren’t taste buds. (Learn more at Huffington Post) 3. The least expensive home for sale in the nation’s most expensive ZIP code (Atherton, Calif., 94027) is a two-bedroom bungalow with a $1.499 million asking price. (Learn more from Yahoo! Finance) >> Health Threats: Not …

Cost of Retiree Dental Plans May Give You a Toothache

Boomers retiring without dental benefits, and Medicare recipients who don’t have a Medicare Advantage plan, may be surprised and dismayed by the latest study on the cost of dental coverage. Consumers paid an average $382 annual premium for a stand-alone dental plan through a government exchange this year, and that didn’t include deductibles and copays, according to the analysis of dental plans on the federal exchange by the website HealthPocket, which compares health plans. Deductibles averaged about $500 a year …