The Cost of Perpetual Parenting of Adult Children

For many boomers, the empty nest seems more like the empty bank account. After college, kids boomerang home for a few months or years, driving up monthly household expenses. Even when they leave, they often return to the “Bank of Mom and Dad” for help with costs from new cars to camp for the grandkids. All those added outlays are impacting millions of boomers, causing many to delay or modify retirement plans, according to a new study by Hearts & …

How Is Your State Treating Its Firefighters, Nurses and Teachers?

My pop, a city bus driver, taught me to work hard and also have fun doing it. For more than 25 years, he announced each stop on his route as if he was leading a tour, not driving a Buffalo city bus. Pop retired at the mandatory age of 70. Mom and Pop lived on their Social Security, and Pop’s modest pension income was almost entirely dedicated to pay their health insurance premium. They enjoyed their retirement years, but I …

New U.K. Annuity Reforms Are a Step Too Far

After nearly a decade where the United Kingdom has been the gold standard for retirement savings policy, it is about to take a step that it may regret. The U.K. has a retirement savings system that will enable virtually all of its workers to supplement their state-paid pension with retirement savings. When it is fully phased in, they will have access to a low-cost, diversified savings platform that uses automatic enrollment to encourage participation. However, starting in April, the requirement …

Could You Retire From Your Job in Debt?

Think about retiring from your job with no savings — not even a little bit — just debt. Unfortunately this is the case for one in five Utahans, according to a new study released recently by Notalys LLC. This news is troubling, to say the least. To make matters worse, with 45 percent of working-age households having nothing — zero dollars — saved toward retirement, what’s playing out in Utah could have significance nationwide. That’s why Utah and other states around …

Saving Our Retirement

At AARP, we know that the people we represent have worked hard to save for retirement, and we believe that they deserve to have financial advisers who work just as hard to protect and grow their savings. Right now, some people have that, and some don’t. Loopholes in the law allow many financial advisers to offer advice based on what’s best for them, not the person saving for retirement. We need to change that. In today’s world it’s hard enough …

Tampa Forum Kicks Off Conversations on Aging

“Make this a national conversation,” Cecilia Muñoz, director of the White House Domestic Policy Council, urged participants in Tampa at the first in a series of five regional forums preparing for the White House Conference on Aging this summer. The invitation-only forums allow older Americans and those who work with and for them an opportunity to voice their opinions and concerns on various issues. Discussions aim to form a vision and agenda for the White House conference, held in Washington …