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

Posted on 07/28/2014 by |AARP Blog Author | Comments

PoliticsLast 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?

Posted on 07/14/2014 by |AARP Blog Author | Comments

PoliticsI 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 …

President Makes It Easier to Repay Student Loans

Posted on 06/9/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & Savings | Your LifeJust as the Federal Reserve Bank of New York is raising concern about growing student loan debt and defaults, President Barack Obama is moving to expand a repayment program aimed at helping lower-income borrowers. The president today signed an executive order that the administration says will allow nearly 5 million more borrowers to qualify for a program that keeps monthly payments on federal loans to no more than 10 percent of discretionary income. This plan has been available only to more …

Work and Save: From Sea to Shining Sea

Posted on 05/19/2014 by |AARP Blog Author | Comments

PoliticsThe problem with living in Washington, D.C., too long is that you start to forget all the exciting action happening outside this politics-crazed town. The truth is, the real action is taking place in state capitols around the country. Today I want to take a moment to highlight some of the victories and innovative solutions happening from Hartford to Olympia to help people save for the future and live independently as they age. I’m lucky enough to have worked for …

Take Charge of Your Future With ‘Work and Save’

Posted on 03/3/2014 by |AARP Blog Author | Comments

PoliticsWe all dream of a comfortable retirement — time to relax, travel, learn a new language or take up a hobby. But in these tough economic times, that dream can sometimes feel a little out of reach, especially for those who work for small businesses — because most of them have no access to any type of retirement savings plan at work. In fact, 3 out of 5 households headed by someone 65 or older have no money in retirement savings accounts. …

6 Things to Watch in Congress

Posted on 01/8/2014 by |Washington Watch | Comments

Bulletin Today | PoliticsMembers of Congress are back in Washington with an agenda full of items important to older Americans. Here’s a rundown: Debt ceiling and federal budget. Two deadlines loom here. The federal government will run out of borrowing authority if Congress doesn’t raise the debt ceiling by Feb. 7. Although Capitol Hill lawmakers negotiated a budget deal in December that set overall spending, they must pass a bill with more specifics by Jan. 15. Each time budget deadlines hit, some lawmakers …