Social Security

Are You a Social Security Double-Dipper?

Posted on 03/11/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsWhen and how you claim Social Security benefits has a huge financial impact on your retirement, although many older Americans aren’t aware of all their options and lose out on some serious money, according to a survey released today by Financial Engines. The Sunnyvale, Calif.-based company found that single retirees potentially miss out on $100,000 or more over the course of their retirement, while for married couples the amount is $250,000 or higher. Financial Engines’ findings come from a recent …

Obama Budget Said to Drop ‘Chained CPI’

Posted on 02/20/2014 by | Senior Editor, Money Team | Comments

Money & SavingsThe White House says it is dropping a proposal that would have lowered the cost-of–living adjustments for Social Security and other government social programs, according to published reports. President Barack Obama had previously proposed tying inflation adjustments to the so-called chained CPI, which measures inflation more conservatively, in exchange for tax increases. Republican lawmakers, who have backed the chained CPI,  didn’t go along with the deal. Politico reported a White House official saying: “Over the course of last year, Republicans …

Older Job Seekers Have Little Patience for Long Search

Posted on 02/6/2014 by | Money and Work | Comments

WorkWhen it comes to the stressful search for a job, older workers apparently have less tolerance for the process. Most either land a job or stop searching altogether within a year or less, according to a study by the Center for Retirement Research at Boston College. Those who have employer-paid pensions, retirement assets and Social Security to rely on were more likely to end the job hunt even sooner, usually within four months, the study found. In fact, just being eligible …

Older Voters Will Determine Who Wins in 2014 and 2016

Posted on 02/3/2014 by | AARP Executive Vice President | Comments

PoliticsVoters age 50-plus decide elections. They turn out to the polls at a much higher rate than voters of any other age group, particularly for non-presidential years. And, at this point, they’re up for grabs. Neither party today has a clear advantage. One reason: Older voters are shifting back to the center, with a mere 1-point advantage separating Republicans from Democrats, according to an Economist/YouGov poll. Another reason: Boomers. Yes, the last of the generation born between 1946 and 1964 …

AARP Will Work With President, Congress for Secure Future

Posted on 01/29/2014 by | AARP CEO | Comments

PoliticsThe president’s speech tonight addressed issues AARP has been working on since long before President Lyndon Johnson’s war on poverty began over 50 years ago. Social Security and Medicare have helped make a difference by protecting the middle class and keeping millions out of poverty, but many families and Americans of all ages continue to struggle. As we look toward this season of new budget proposals, we also urge the president and Congress to fight for responsible solutions to strengthen …

President Pushes for New Pension Savings, Job Programs

Posted on 01/29/2014 by | Washington Watch | Comments

Bulletin Today | PoliticsIn his State of the Union address on Jan. 28, President Barack Obama proposed a new retirement savings plan, called for more efforts to create jobs and outlined other measures that could benefit older Americans. Acknowledging that Social Security often isn’t sufficient and that many workers don’t have pensions, Obama described plans for a new type of IRA, called MyRA, to be created by the Treasury Department. “It’s a new savings bond that encourages folks to build a nest egg,” …