Automatic enrollment for retirement saving is both effective and popular among all income, gender and ethnic groups. It has increased participation, helped people to both start saving earlier and to make appropriate investment choices.This mechanism would be even more useful, especially for younger workers and those with low-to-moderate incomes if retirement savings plans also allowed employees to save for unexpected expenses. Recent research by the US Financial Diaries Project, which looks at the actual income flows of low-to-moderate income consumers shows why this feature would be valuable.
After 17 years of kicking the proverbial can down the road, Congress has come together in bipartisan fashion to repeal and replace Medicare’s flawed formula for reimbursing doctors with an improved payment plan. With President Obama’s April 21 signature of the Medicare and CHIP Reauthorization Act (MACRA), Medicare beneficiaries can finally feel more secure in knowing that they can keep seeing their physicians each year.
At AARP, we know that the people we represent have worked hard to save for retirement, and we believe that they deserve to have financial advisers who work just as hard to protect and grow their savings.
“Make this a national conversation,” Cecilia Muñoz, director of the White House Domestic Policy Council, urged participants in Tampa at the first in a series of five regional forums preparing for the White House Conference on Aging this summer.
We’ve been hearing a lot lately about the “Internet of Things” (IoT). Often, the discussion revolves around issues associated with data privacy and cybersecurity.
Life spans are increasing around the world, but countries differ enormously in how they deal with increasing demands for long-term services and supports (LTSS). AARP International recently sponsored a policy symposium on the LTSS systems in Germany, France and the United Kingdom to inform important discussions about how to reform the U.S. system.
"You've won the lottery today!" a TSA staffer exclaimed to a couple about to board their plane in Portland, Ore., last weekend, as he ushered them to a special, less-invasive screening line. For those who dread fumbling with their jackets, belts and shoes or can't seem to remember where, exactly, that bag with the 3 oz. liquids is packed, any sensible relaxation of security procedures is certainly an early gift.
Maybe it's because we're footing the bill for our kids' college tuition, supporting our adult children living at home or helping our elderly parents. Whatever the reason, this much is clear: Too many of us are saving less for our retirement today than we were a year ago.
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