retirement security

Hispanic 50+ Voters: We Need more Information on Future of Social Security and Medicare

Posted on 08/21/2012 by | Washington D.C. | Comments

Personal HealthAt AARP, we look at life after 50 as an exciting opportunity to enjoy a second youth. Retirement itself should then be seen as a hopeful journey rather than stepping into the unknown. Unfortunately, a new series of surveys commissioned by AARP shows that a key group of Hispanic voters 50+ are looking at the coming November election with a high level of preoccupation. This seems to be driven by economic anxieties that extend well beyond the single issue of …

As Social Security Turns 77, What Do You Have to Say About It?

Posted on 08/14/2012 by | Brooklyn, NY | Comments

Bulletin Today“With fewer jobs offering pensions and people struggling to save for retirement, Social Security will be even more important for younger generations,” said AARP President Rob Romasco, noting that more than one in three working households age 21 to 64 has no individual savings set aside for retirement. This week marks the 77th anniversary of Social Security, and AARP is using the opportunity to encourage discussion about the program’s future. Romasco will host a live web chat at 12:30 p.m. today to answer questions about Social Security and various proposals to preserve it.

Older Voters Blame Washington Gridlock for Economic Woes

Posted on 08/8/2012 by | Money and Work | Comments

Bulletin Today | Money & SavingsBoomers are so disgusted with our stubborn political leaders that they blame them more often than they blame the economy  for their own precarious personal finances. I was amazed to learn from a new AARP survey that 78 percent of people aged 50-plus feel that Washington gridlock has harmed their money situation compared with 77 percent who cited the worst economic downturn since the Great Depression. The prolonged political stalemate, and growing concerns over retirement security, drove up an “Anxiety Index” that …

Social Security: Bad Deal or Critical Retirement Security?

Posted on 08/7/2012 by | Grassroots Advocacy | Comments

PoliticsThe AP reported a so-called “historic shift” yesterday. According to one analysis, some of today’s retirees will have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. So is Social Security a bad deal? No way! Just looking at a few examples misses the bigger picture. When you put money into Social Security, you’re buying inflation-protected, guaranteed lifetime income that is not subject to market risk. That’s not something you can get …

The Takeaway: Anxious Investors Day Trading Retirement Savings

Posted on 07/9/2012 by | Brooklyn, NY | Comments

Bulletin TodayWhile most Americans with 401(k)s or individual retirement accounts embrace a “set it and forget it” philosophy, some anxious retirement savers are getting increasingly aggressive with their investments, according to the Los Angeles Times. Worried about the toll the past decade has taken on their savings, Americans nearing retirement are day trading mutual funds and stock options in a bid to make up for lost time.

The Takeaway: Retirement Pessimism Goes Global

Posted on 06/7/2012 by | Brooklyn, NY | Comments

Bulletin TodayA new survey conducted by Dutch insurance company AEGON shows retirement pessimism extends far beyond American borders. Participants from eight European countries and the United States showed similarly dismal views on their ability to save and plan for retirement securely. Only 15 percent of workers said they are confident they’re on the right track with retirement savings; 71 percent believe future generations will be worse-off in retirement than current retirees.