saving

Greater Saving Can Increase Retirement Security and Economic Growth

Posted on 06/24/2014 by |AARP Blog Author | Comments

Media Relations | Public Policy Institute  Increased saving can be an important driver of future economic growth and rising living standards. That is the conclusion of a new report by Oxford Economics — Another Penny Saved: The Economic Benefits of Higher US Household Saving — sponsored by AARP and 10 other organizations. The U.S. personal saving rate has been declining for more than 30 years. And the report’s authors project the rate will drop further — from around 4 percent today to about 3 percent …

A Simple Income Disclosure Makes Retirement Planning Easier

Posted on 09/6/2013 by |AARP Blog Author | Comments

Public Policy InstituteHow much in retirement savings do I need for a secure retirement? Is $100,000 enough? How about $700,000? Even more importantly, how much monthly income can I count on those savings providing to supplement my Social Security benefits?  These are questions most of us have no idea how to answer.   A soon-to-be-proposed regulation from the Department of Labor should help. It would require that statements from 401(k)-type accounts provide an estimate of monthly retirement income from savings in the …

Life@50+ Is a Sure Winner

Posted on 06/3/2013 by |The Ultimate Cheapskate | Comments

Money & SavingsI’ve never been a gambler, but I just returned from Las Vegas where a $25 bet netted people a big-time jackpot. No, I didn’t temporarily lose my miserly mind in the heat of the Nevada desert and roll the dice in some swanky Vegas casino. I’m way too cheap to tell people to throw away good money like that. I’m talking about a mere $25 for the cost of admission to the three-day AARP Life @50+ National Event held at …

Boom and Gloom

Posted on 09/13/2012 by |Chief Volunteer | Comments

Money & SavingsI learned  that Baby Boomers are riddled with anxiety about whether they’ll be financially secure when they retire, and they’re less than pleased with our political leaders’ response. A new Anxiety Index, created by AARP through a series of surveys, measures what non-retired Baby Boomer voters age 50-64 worry about. This concern overrides even their worry about health expenses, jobs, or paying too much in taxes. Almost three in four (72%) believe they will have to delay retirement, and almost …

Thinking About Retirement Pays Off at Any Age

Posted on 06/6/2012 by |AARP Blog Author | Comments

WorkWhen you hear the “R” word, what comes to mind? Your perspective on retirement planning depends on a lot of things, including your age bracket. If you’re 50+, you might say: “What retirement? My IRA has taken a huge hit, and now I’ll have to work way past 65.” Or, “I’m so behind I don’t even know where to start. I hope Social Security is there when I need it, but I’m worried.” A 40-something might say: “Retirement? We’re down …