A Secure Retirement: American Dream or Pipe Dream?

I 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 …

4 Simple Tips That Can Save You Money

Saving for your future doesn’t have to be complicated. Here are four simple tips that can save you big money. Watch the video, and see below for even more resources.   1. Know where your money goes    It doesn’t matter whether you do it on your computer, on your phone or with good old-fashioned pen and paper – just be sure to track your spending! For your computer, many banks and credit unions provide spending analysis tools free as …

Greater Saving Can Increase Retirement Security and Economic Growth

  Increased saving can be an important driver of future economic growth and rising living standards. That is the conclusion of a new report by Oxford Economics – Another Penny Saved: The Economic Benefits of Higher US Household Saving – sponsored by AARP and 10 other organizations. The U.S. personal saving rate has been declining for more than 30 years. And the report’s authors project the rate will drop further – from around 4 percent today to about 3 percent …

Work and Save: From Sea to Shining Sea

The 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 …

How an Auto IRA Could Work for You

We can’t hide from the scary statistic in the story from the ABC affiliate in Houston below: about half of American workers don’t have any retirement savings at all. Last month, Rep. Richard Neal of Massachusetts introduced the Automatic IRA Bill of 2010 that would provide millions of Americans the opportunity to save for retirement in their workplace. AARP strongly supports this bill, as it is a “simple, low-cost solution to the problem that too few Americans are saving for …