AARP Announces 2016 Capitol Caregivers and Super Savers

Across all 50 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands, AARP is fighting to help families address important day-to-day issues — from caring for a loved one to retiring with confidence. In fact, this year alone we’ve successfully fought to bring more support to millions of family caregivers and help millions of workers save for retirement. But we didn’t do this critical work alone. Progress is possible thanks to the state legislators who write, support and move …

Landmark State Law Will Help Millions Retire With Confidence

Great news out of California: A new state law will help nearly 7.5 million workers retire with confidence. Signed by Gov. Jerry Brown on Thursday morning, the California Secure Choice Retirement Savings Act (Senate Bill 1234) will give millions of Californians a way to save for their future at work. It has been a long road to get to this day, and the AARP California Office has been a key leader every step of the way! California state Sen. Kevin …

Nearly 1 Million More Workers Can Save for Retirement … Millions More to Go!

May is proving to be a historic month for both workers and employers across the country! Since I last wrote on this topic in February, we at AARP have continued to fight hard to establish Work and Save plans in the states, a convenient way for millions of workers to save for retirement through an easy payroll deduction. And we have great news to report! Last week, Gov. Larry Hogan (R) took a monumental step toward helping to ensure a …

The Boomer–Millennial Connection for Increased Savings

En español | What do boomers and millennials have in common? As it turns out, much more than you’d think. Last week, millennials from coast to coast were discussing state options to give 55 million workers a simple way to save. Our AARP California office hosted a “Work and Save” Summit at East L.A. College, in partnership with the  Young Invincibles, a national nonprofit, nonpartisan organization that advocates on behalf of 18-34-year-olds. In New York City, AARP teamed up for …

New Proposal Could Help Small-Business Employees Save for Retirement

Multiple employer plans are one option for small employers President Obama released the final proposed budget of his presidency on Feb. 9, and several items focus on financial resilience and retirement security, issues on which AARP has long advocated. Social Security provides the most important base of income, but Social Security was never intended to be the sole source of retirement income. In addition, we need a strong and adequate employer-based system. Access to a workplace retirement plan is critical …

‘There Will Be No Retirement for Me.’

Meet Jeff and Capi Saxton. Jeff is a bookbinder and Capi manages a small fabric and sewing supply store. Now in their 50s, they’ve found it hard to save for retirement. “There will be no retirement for me,” Jeff says. “I’ll always have to work.” Jeff and Capi are not alone. In fact, the average working-age household has only $3,000 saved for their future. And if you have anything at all saved, you’re ahead of the curve — 45 percent …