Latest News
Choose Medicare carefully
One of the most important decisions seniors will make is choosing the right Medicare coverage when they become eligible for the federal health insurance program. “Your first year of Medicare eligibility is one of the most critical times because of the…
White House Continues Playing “Let’s Make a Deal” With the GOP on Social Security and Medicare Benefit Cuts
Just two months ago, the Obama White House vowed it wouldn’t be sucked into debt ceiling negotiations with Republicans again. “Thank goodness” we all said, since that debacle ultimately led us to the ongoing budget mess and sequester which continues to hurt American families nationwide. Read…
Udall noncommittal on changing entitlement programs’ COLA formula
Sen. Mark Udall said Saturday that he remains undecided about a proposal to alter the cost-of-living index which dictates social programs nationwide. During a members-only forum at The Broadmoor, local AARP constituents met with the organization’s national president and Udall to…
Women face difficulties in retirement
With longer life expectancies than men, women tend to live longer in retirement and have a greater chance of outliving their retirement nest egg. Multiple factors play into this crisis. Women are more likely to suffer job interruptions and other income…
Is now the worst time to retire? Not even close
Add this to the growing pile of research that seems designed to scare baby boomers out of their Birkenstocks. A new study from Bankrate.com and Research Affiliates, a Newport Beach, California, money management firm, posits that the postwar generation could be…
The Best Ways to Save for Retirement
If you retired today, would you have enough money saved to support yourself? Forget Social Security; it’ll likely be gone soon enough – maybe even by the time it’s your turn to enter the golden years. With that thrown out,…
Is Social Security fair? Ask the Brady Bunch
Social Security is a progressive system that usually pays middle- and lower-income workers a higher return on their contributions to the system than it pays to the highest earners. And if you don’t believe me, just ask Cindy Brady—the pigtailed…
California tries to mandate retirement savings for private workers
Is it another case of the nanny state, or an innovative way to help you save? California lawmakers are pushing a controversial, first-in-the-nation plan that would require private-sector employers to remove 3 percent from every worker’s paycheck. The money would go…
Seniors Fastest-Growing Segment of Payday Borrowers, Senate Told
An executive from the Center for Responsible Lending told the Senate Special Committee on Aging that older Americans represent a quickly growing base of borrowers for payday lenders. Rebecca Bornè, senior policy counsel for the CRL – a subsidiary of the 50,000-member, $580…
Florida insurers retain millions of policyholder payouts
The state of Florida has put the squeeze on some of the nation’s biggest life insurance companies to hand over benefits from almost 96,000 unclaimed policies worth more than $75 million — money that might be yours. But the vast majority…