AARP Is Fighting to Protect State Flexibility on Retirement Plans

Innovative state solutions to America’s savings crisis are in danger. Federal overreach threatens an important Department of Labor rule that gives states flexibility to help workers save for retirement. Fifty-five million workers in America have no way to save for retirement out of their regular paychecks. Their employers don’t offer a retirement plan because it can be costly and complicated to do so. The problem is especially severe among communities of color. Only 54 percent of African American and Asian …

Managing a Loved One’s Finances

Let me introduce you to a fellow family caregiver, Lisa. With the help of her sister, Lisa cared for her mother with Alzheimer’s disease — managing medications, cleaning the house, and handling any medical issues. They also managed her mother’s finances. Lisa shared: “It felt like our whole world was slowly falling apart. At the time we did not know much about the disease or how quickly it was going to debilitate her. My sister and I took responsibility of …

The CARE Act: Helping Family Caregivers From Hospital to Home

In preparing Mom’s medication, my 90-year-old Pop would fill a syringe using the light of the kitchen window to see if the dosage was correct. He set up the nebulizer on a table with handwritten step-by-step instructions to remind him how to operate it. Today, millions of family caregivers like Pop perform complex medical tasks that at one time would have been administered only by medical professionals. 21 states and counting Two years ago, AARP proposed the idea of the …

Let’s Give Small-Business Owners a Competitive Edge

“People give their time to their job. They shouldn’t have to fear what happens when they’re done working.”  — Molly Sumner of Kindred Companions Molly Sumner of Frenchtown, N.J., owns a small business called Kindred Companions, training dogs and selling pet supplies.  Unfortunately, Molly’s employees are some of the nearly 2 million New Jerseyans — and 55 million Americans — who don’t have a retirement savings plan through work. “It’s something I want for my employees,” Molly says, but not …

The Three R’s: Reading, ‘Riting, and…Retirement?

Crisp autumn air reminds me of my elementary school days in Upstate NY – and of my Mom’s hard work and dedication. My Mom worked the “vampire shift” at Tommy Tucker bakery – injecting doughnuts with jelly from 9 at night to 5 in the morning.  She’d arrive back at home in time to wake my brother, sister and me, cook a hot breakfast and send us off to school.  And, every Friday on her pay day, she’d take us …

How Much Have You Saved for Retirement?

How much have you saved for retirement? Five hundred dollars? Five thousand? Fifty thousand? If you have even $5 saved, you’re one step ahead of nearly half of working-age households — who have ZERO saved for retirement. This startling fact is just one of the reasons AARP is fighting for Work and Save, a commonsense solution to help individuals save toward a secure retirement  through an easy payroll deduction at work — an option not available to many employees. Work …