Taking a Stand for Social Security

Social Security hasn’t gotten much attention yet in the presidential campaign. But we aim to change that. A growing cadre of AARP volunteers and concerned citizens is calling on every presidential hopeful to lay out a plan to keep the promise of Social Security for future generations. We call our new effort Take a Stand. I’m helping run it, and I recently traveled to the early battleground states of Iowa and South Carolina to see how it was faring. What …

Uncle Sam Bolsters Support of State-Sponsored Retirement Plans

The U.S. Department of Labor is paving the way for states to sponsor retirement plans for millions of private-sector workers who don’t have such programs on the job. About 68 million U.S. workers don’t have access to a 401(k) or similar workplace account, according to the Labor Department, even though studies show that employees are more likely to save for retirement if their employer offers a savings plan. More than half of the 50 states are either developing retirement savings …

Three Big Wins for Retired People in New Budget Act

People of retirement age and their families scored three significant victories in the budget act passed by Congress. 1. We preserved every cent of current Social Security recipients’ benefits. Millions of Social Security recipients were going to have their benefits automatically cut by 20 percent in 2016. That’s been stopped. No current recipient will lose a cent of Social Security benefits. Social Security Calculator: When Should You Claim Your Benefits? » 2. We halted skyrocketing Medicare premiums. Millions of Medicare recipients …

The Three R’s: Reading, ‘Riting, and…Retirement?

Crisp autumn air reminds me of my elementary school days in Upstate NY – and of my Mom’s hard work and dedication. My Mom worked the “vampire shift” at Tommy Tucker bakery – injecting doughnuts with jelly from 9 at night to 5 in the morning.  She’d arrive back at home in time to wake my brother, sister and me, cook a hot breakfast and send us off to school.  And, every Friday on her pay day, she’d take us …

AARP Survey: Today’s ‘Retirement’ Dream Often Includes a Job

En español |  Don’t expect boomers to jump into retirement and pursue a life of full-time leisure. Once they leave the workforce, many of them want to, well, continue working — often in an entirely new field. That’s according to a new survey by AARP of nearly 5,000 workers ages 50 to 64. More than one-third of those polled expect to work for pay — preferably part time — in retirement. And 44 percent of that group would like the position …

Regrets? Older Workers Have a Few

Which would you rather have: a job that offers a 401(k) or one that doesn’t have a retirement plan but comes with a higher salary? If you’re like most pre-retirees ages 55 to 65, you’re more than five times as likely to choose the 401(k). That’s one of the findings of the third annual survey by American Century Investments, a Missouri-based money manager that polled more than 2,000 workers ages 25 to 65 about saving, retirement and regrets. When the …