We Trust States to Promote College Savings. Why Not Retirement Savings?

One of the most popular ways to save for higher education is through a savings or prepaid tuition plan known as a Section 529 qualified tuition program, or 529 plan. Currently 49 states and the District of Columbia offer 529 plans. Thirty-three states give a state tax break to parents, grandparents or friends who contribute to a 529 account. Through these plans, the funds are managed by private-sector investors. This professional management, combined with a simple enrollment process, has spurred …

AARP Is Fighting to Protect State Flexibility on Retirement Plans

Innovative state solutions to America’s savings crisis are in danger. Federal overreach threatens an important Department of Labor rule that gives states flexibility to help workers save for retirement. Fifty-five million workers in America have no way to save for retirement out of their regular paychecks. Their employers don’t offer a retirement plan because it can be costly and complicated to do so. The problem is especially severe among communities of color. Only 54 percent of African American and Asian …

AARP Is Fighting for YOU in Your State

This year, as state legislators are going to work across the country, so are we. In addition to fighting on Capitol Hill to keep Medicare and Social Security strong, AARP will be making sure your voice is heard at state capitols across the country — on issues like support for family caregivers and their loved ones, retirement security, and ensuring that your utility bill is reasonable and justified. Supporting caregiving families About 40 million family caregivers in the United States …

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 …

Narrowing the Racial Wealth Gap

Two hundred twenty-eight years. That’s how long it would take for the average household wealth of black families in America to reach the average wealth of white families today, according to a new report by the Corporation for Enterprise Development (CFED) and the Institute for Policy Studies. For Latino families, it would take 84 years. This startling new perspective on economic inequality has grabbed headlines in recent weeks. But what is not making the news is that these statistics are …