The Town of Boomer, W.Va.

People in the boomer generation, those born between 1946 and 1964, are celebrating the 50th birthdays of their youngest members in 2014. To mark this event, AARP asked Washington, D.C.-based photographer Jared Soares to explore Boomer, W.Va. To get to Boomer, follow the Kanawha River southeast from Charleston, West Virginia’s capital city, for about 30 miles. With a population of nearly 600 people, Boomer rests on Historic Route 60, part of the Midland Trail National Scenic Highway. In the early 1900s, the town saw rapid growth when Boomer …

Caring for Papa

When their grandfather’s health declined, Christina and her brother, Michael, stepped in to care for their “Papa.” Together they did everything he needed to stay at home, where he wanted to be. Christina shared: “Most of us don’t consider ourselves formal caregivers; we are just taking care of our family. But what we did know is that taking care of Papa was hard, stressful and confusing. We didn’t know what services were available or how to screen providers. And we …

W.Va. Senate Candidates Call for Lifting Social Security Salary Cap

West Virginia’s two major-party candidates for the U.S. Senate support raising the Social Security wage base limit from its current level of $117,000, and in an Oct. 7 debate both voiced concern over the long-term financing of the program. “I am supportive of raising the cap to $240,000” or in that vicinity, said West Virginia Secretary of State Natalie Tennant, a Democrat. “I would be willing to raise the cap over $200,000,” said U.S. Rep. Shelley Moore Capito, her Republican opponent. …

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 …

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 …

Los 10 peores estados para los jubilados en EE.UU.

Es difí­cil darse ciertos lujos y comodidades cuando se tiene un ingreso fijo, mucho más si eres retirado y tus ganancias han disminuido. Es por eso que algunos de los lugares más lindos y vibrantes de Estados Unidos también se tornan en unos de los menos asequibles, por no decir ‘prohibidos’, para los jubilados. Son por lo general más caros, con rentas más altas y restaurantes costosos. Las tasas de impuestos también tienden a ser mayores en las áreas urbanas. …