Financial Health for All Ages

When I tell people I work for AARP, one of the first things they do is talk to me about their retirement plans, and often in terms of when they retire. More and more, however, I’m hearing about the kinds of plans they have if they retire. In many respects, working longer is something to be celebrated. We’re just beginning to understand the benefits of a multigenerational workforce, not to mention the increased personal fulfillment and even health benefits people …

Get a Power of Attorney (But Make Sure It’s Not a License to Steal)

Many of us understand that saving for retirement and for the long term is one of the most important actions you can take to ensure a secure future. So is protecting that savings. One in five older adults fall victim to some form of financial exploitation. Sometimes the loss is minor, but sometimes it can be disastrous. In a single case, the average victim loses $120,000, which is roughly the average amount of a 50-year-old’s entire retirement savings. AARP understands …

AARP Announces 2016 Capitol Caregivers and Super Savers

Across all 50 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands, AARP is fighting to help families address important day-to-day issues — from caring for a loved one to retiring with confidence. In fact, this year alone we’ve successfully fought to bring more support to millions of family caregivers and help millions of workers save for retirement. But we didn’t do this critical work alone. Progress is possible thanks to the state legislators who write, support and move …

Landmark State Law Will Help Millions Retire With Confidence

Great news out of California: A new state law will help nearly 7.5 million workers retire with confidence. Signed by Gov. Jerry Brown on Thursday morning, the California Secure Choice Retirement Savings Act (Senate Bill 1234) will give millions of Californians a way to save for their future at work. It has been a long road to get to this day, and the AARP California Office has been a key leader every step of the way! California state Sen. Kevin …

Nearly 1 Million More Workers Can Save for Retirement … Millions More to Go!

May is proving to be a historic month for both workers and employers across the country! Since I last wrote on this topic in February, we at AARP have continued to fight hard to establish Work and Save plans in the states, a convenient way for millions of workers to save for retirement through an easy payroll deduction. And we have great news to report! Last week, Gov. Larry Hogan (R) took a monumental step toward helping to ensure a …

New Proposal Could Help Small-Business Employees Save for Retirement

Multiple employer plans are one option for small employers President Obama released the final proposed budget of his presidency on Feb. 9, and several items focus on financial resilience and retirement security, issues on which AARP has long advocated. Social Security provides the most important base of income, but Social Security was never intended to be the sole source of retirement income. In addition, we need a strong and adequate employer-based system. Access to a workplace retirement plan is critical …