Older Workers Haven’t Recovered Retirement Optimism

En español | Older workers are less confident today than a decade ago about having enough money for a comfortable retirement, according to a new survey by the Employee Benefit Research Institute. Among workers 55 and older, 20 percent say they are very confident of their retirement prospects. That’s down 6 percentage points from 2006 and the steepest decline in optimism among all age groups, EBRI reports. Enter to win a Volvo V60 Cross Country, a national parks vacation for two …

Older Voters Boost Winners in Nevada, South Carolina Presidential Contests

Voters age 45-plus bolstered winners Hillary Clinton and Donald Trump in the Feb. 20 presidential nominating contests in Nevada and South Carolina. Their votes were especially significant in Clinton’s narrow victory in Nevada’s Democratic caucuses, where older voters had a much higher turnout than younger ones. The results continued the huge generational split in the party’s matchup between Vermont Sen. Bernie Sanders and Clinton, the former New York senator and secretary of state. The age contrast was less dramatic in South …

Obama Floats New Options for Retirement Savings

Small businesses would be able to band together to create a joint 401(k) retirement plan, and some part-time workers could participate in their employer’s plan, under proposals to be included in President Obama’s final budget to Congress. An outline of these and other proposals to expand access to retirement accounts to more than 30 million people was released Jan. 26. More details, along with cost figures, will be available when the president submits his budget next month. Some ideas are …

What the Spending Bill Means for Older Americans

The $1.1 trillion spending bill will do more than keep the federal government open well into next year. Nearly half of the appropriations will go toward non-defense programs, and in some cases, the bill directs more money to programs that benefit the lives of Americans age 50 and up. “This bill not only avoids the deep cuts to scores of critical programs, it provides noteworthy increases for many services critical to older Americans, including health, nutrition and caregiver services, as …

Taking a Stand for Social Security

Social Security hasn’t gotten much attention yet in the presidential campaign. But we aim to change that. A growing cadre of AARP volunteers and concerned citizens is calling on every presidential hopeful to lay out a plan to keep the promise of Social Security for future generations. We call our new effort Take a Stand. I’m helping run it, and I recently traveled to the early battleground states of Iowa and South Carolina to see how it was faring. What …

Federal Agencies Team Up to Help Workers Make Smarter Retirement Decisions

Workers are often confused about Social Security, which can lead them to shortchange themselves later when claiming benefits. A new report by the Consumer Financial Protection Bureau (CFPB) cites studies that find only 1 in 5 preretirees know their full retirement age for Social Security. (For anyone born after 1942, the age is 66 to 67 years old.) And only 1 in 8 understand how benefits would change if they claimed them before, at or after their full retirement age. Simple …