Correct the Record on Social Security

It’s time to set the record straight on Donald Trump and Social Security. The leading Republican candidate has yet to come out with a real plan, and the clock is ticking. Recently on ABC’s “This Week”, New Jersey Governor Chris Christie tried to defend Trump and direct attention elsewhere:  “No one else has a plan on Social Security,” Christie claimed. “So why aren’t we testing all these other candidates, as well?…” With all due respect, Christie’s remarks were misleading. Since …

The Boomer–Millennial Connection for Increased Savings

En español | What do boomers and millennials have in common? As it turns out, much more than you’d think. Last week, millennials from coast to coast were discussing state options to give 55 million workers a simple way to save. Our AARP California office hosted a “Work and Save” Summit at East L.A. College, in partnership with the  Young Invincibles, a national nonprofit, nonpartisan organization that advocates on behalf of 18-34-year-olds. In New York City, AARP teamed up for …

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 …

7 Facts About Our Aging Economy

If someone asked you, “What will have a major impact on our economy in the coming years,” what would you say? Probably not, “Our aging population,” right? But, yes, our economy is being shaped by our aging demographics in a big way. You may not even notice the changes, but they’re happening. Here are seven things you need to know about intersection of the economy and our aging society: Quiz: What problems do low-income older Americans face? 1. There will be …

How to Make Your Financial Dreams a Reality

Celebrating Black History Month is a tremendous opportunity to acknowledge our past achievements, address present challenges and dream about future possibilities. The legacy of Dr. Martin Luther King Jr. inspires us to dream about a future that affords us to live in comfort and prosperity. He encourages us to build a legacy of hope and freedom that can be realized in every aspect of our lives. It is in that spirit that we encourage you to evaluate your dream of …

‘There Will Be No Retirement for Me.’

Meet Jeff and Capi Saxton. Jeff is a bookbinder and Capi manages a small fabric and sewing supply store. Now in their 50s, they’ve found it hard to save for retirement. “There will be no retirement for me,” Jeff says. “I’ll always have to work.” Jeff and Capi are not alone. In fact, the average working-age household has only $3,000 saved for their future. And if you have anything at all saved, you’re ahead of the curve — 45 percent …