Virginia Senate Candidates Spar Over Social Security, Medicare

In their final scheduled debate before Election Day, Virginia’s two major-party candidates for the U.S. Senate sparred over their records on Social Security and Medicare while voicing similar views on steps needed to address their long-term financing. The debate, held in Richmond on Oct. 13 and televised statewide, was cosponsored by AARP Virginia, whose president, Bob Blancato, asked the candidates how they would protect the programs. “If you are 47 years old or younger … you are looking at getting …

A Tale of Two Americas

Today’s sobering statistic: Almost 20 percent of people ages 55 to 64 have no retirement savings. And even among those who have saved, millions are facing a retirement “deficit” – meaning they will outlive their retirement savings by $57,000 on average per household. Why does that matter to the rest of us? Because if millions of older adults haven’t saved enough to be self-sufficient in retirement, they will end up turning to government safety net services – a costly proposition …

New Retirement Savings Plan Is Win-Win for Workers, Businesses

Last week, I sat down with Adrienne Mitchell of MarketWatch to talk about what 57 million American workers lack: a way to save for retirement at work – leaving them with little opportunity to secure their financial future. Just think about this for a minute: For workers who do have access to a retirement savings plan in the workplace, such as a 401(k), this increases their savings rate by 1300%. And, no, that’s not a typo. So, how can we …

A Secure Retirement: American Dream or Pipe Dream?

I often hear from friends and family members that they’re afraid they don’t have enough saved for retirement, and the truth is, many Americans are not prepared for the future. As recently highlighted by the New York Times, the reason many are not financially prepared is because they don’t have the right tools at work to help them save for their future. In fact, when individuals have a way to save through their workplace, their rate of savings goes up …

An Age-Friendly Home for Easy Living

Guest post by Gil Klein: When you walk into Linda Broadbent’s house in Charlottesville, you’re struck by the openness and airiness of this new home. It appears to be a comfortable place to live. What you don’t notice right away are the accommodations the builder made for her home to be certified as an EasyLiving Home, designed to accommodate people in all stages of life. Broadbent’s house is one of 36 in Charlottesville that make up Virginia’s first EasyLiving Home-certified …

Battleground States in the Fight for Medicaid Expansion

A few days ago, the Maine legislature passed a bill – for the third time – that would expand affordable health coverage for nearly 70,000 residents who earn up to $15,000 a year. These hard-working Mainers – our friends, neighbors, even family – may have lost their jobs or are working in jobs that don’t offer health coverage. Gov. Paul LePage has already vetoed two similar bills to expand Medicaid, which would not only help the thousands of Mainers who …