Obama to Nominate Colvin as Commissioner of Social Security Administration

President Barack Obama will nominate Carolyn Watts Colvin as commissioner of the Social Security Administration, the White House announced June 20. Colvin has experience within the retirement and disability benefit program, as acting commissioner since Michael Astrue, who was nominated by President George W. Bush, left the post in February 2013 and before that as deputy commissioner beginning in January 2011. Joyce Rogers, AARP senior vice president of government affairs, says Colvin would have an opportunity “to add an important …

11 Things We Didn’t Know Last Week

News, discoveries and … fun     1. Naked mole-rats may hold the secret to conquering aging in humans. (Learn more at Vox.com) 2. A man in deep thought has been lurking beneath one of Pablo Picasso’s first masterpieces. (Learn more at AARP)   3. A new “smart cup” can recognize and track everything you drink – and even tell the difference between Coke and Pepsi. (Learn more at The Verge)   >> Get travel discounts with your AARP Member Advantages. 4. The stereotype of …

6 Political Truths About 50+ Americans

Americans are more divided along ideological lines - and animosity between Democrats and Republicans is deeper and more extensive - than at any time in the past 20 years, a new report from the Pew Research Center shows. As part of a yearlong study of political polarization in the United States, Pew conducted the largest political survey in its history, polling more than 10,000 adults from Jan. 23 to March 16. It’s a mother lode of age-segmented data on the political attitudes …

Skipping Out on Student Loans? Check Your Wallet

So what can Uncle Sam do if you don’t repay your federal student loans?   Report you to credit reporting companies. Garnish your wages. Keep your tax refunds and Social Security payments until the debt is paid off.   That’s right, all of the above.  Only most people aren’t aware of it. Economists and researchers at the Federal Reserve Bank of New York asked this of more than 1,000 consumers – only to discover that less than one-third of them correctly answered that the …

Honey, I Took Social Security Too Early

Deciding when to take Social Security is one of the most important retirement planning decisions people make – and many retirees say they got it wrong. As many as 38 percent of 573 retirees surveyed by the Nationwide Financial Retirement Institute, a unit of Nationwide Mutual Insurance, say they regret taking their benefit early, which locked in their lower monthly payment for life, and wish they had waited. When you look at the differences in their monthly payout, you can understand their remorse. Those …

Not Everyone Is Living Longer

When it is unveiled in the coming weeks, the Social Security Trustees report will no doubt prompt the program’s critics to call for change, as it does each year. And one of their suggestions will likely be to raise the age of eligibility for Social Security and Medicare benefits. It sounds so reasonable. Isn’t everybody living longer? Unfortunately, the answer is no. >> Sign up for the AARP Advocacy Newsletter The truth is that gains in life expectancy are not …