Making Retirement Saving Even More Valuable by Adding Automatic Emergency Savings

Automatic enrollment for retirement saving is both effective and popular among all income, gender and ethnic groups. It has increased participation, helped people to both start saving earlier and to make appropriate investment choices.This mechanism would be even more useful, especially for younger workers and those with low-to-moderate incomes if retirement savings plans also allowed employees to save for unexpected expenses. Recent research by the US Financial Diaries Project, which looks at the actual income flows of low-to-moderate income consumers …

AARP Applauds Fix for Medicare Payments to Doctors

After 17 years of kicking the proverbial can down the road, Congress has come together in bipartisan fashion to repeal and replace Medicare’s flawed formula for reimbursing doctors with an improved payment plan. With President Obama’s April 21 signature of the Medicare and CHIP Reauthorization Act (MACRA), Medicare beneficiaries can finally feel more secure in knowing that they can keep seeing their physicians each year. AARP has advocated for a permanent fix of the old doctor payment formula, called the …

The 411 on Two-Factor Authentication

In an era in which online accounts can be cracked with sophisticated software or a hacker’s ingenuity, taking an extra step when you log in can give you miles in added protection — even when using “strong” passwords. It’s called two-factor authentication (2FA), and it requires both something you know (like a password) and something you have (like a cellphone). Once enacted, after you successfully log in to an online account, you receive a code to your phone, via text …

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 …