New York on Thursday became the latest state to expand retirement savings options for workers. Gov. Kathy Hochul signed an AARP-supported bill requiring a business with 10 or more workers to enroll those employees in a state-backed savings plan if it doesn’t already offer a private retirement plan.
Nearly a quarter of Americans put saving for retirement on hold during the pandemic and stopped contributing to — or prematurely dipped into — their retirement accounts, according to a troubling new AARP Research study. More than half of the more than 5,400 adults surveyed said a lack of money has…
Emergency savings accounts are more than just a good idea. They can help protect households against financial hardship today and enable greater retirement security in the future.
Today’s financial markets are frightening. Here are a few thoughts to help you weather this crisis and come out stronger than before.
Oregon’s workforce is feeling anxious about retirement – more than half don’t have a workplace retirement savings option. But the retirement landscape is changing in the state with the launch of OregonSaves.
This week, we unveiled our new Saving for Retirement ad campaign to empower Americans to take control of their financial futures. In fact, two in five households headed by Americans ages 55-64 have no assets saved for retirement, according to the National Institute on Retirement Security.
When I tell people I work for AARP, one of the first things they do is talk to me about their retirement plans, and often in terms of when they retire. More and more, however, I’m hearing about the kinds of plans they have if they retire .
Many of us understand that saving for retirement and for the long term is one of the most important actions you can take to ensure a secure future. So is protecting that savings.
Soon we’ll be looking at tax day in the rearview mirror, which is the perfect time to plan for future tax consequences. One strategy that’s especially good for recent retirees is converting part of a traditional IRA to a Roth IRA.
Home ownership is the foundation of middle-class wealth. The home equity asset is created when mortgages are paid down. It represents the difference between what your house is worth and what you owe on your mortgage.
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