Latest News
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…
Rockeymoore leads Committee to Preserve Social Security and Medicare
“People of color rely heavily on Social Security and Medicare. Together, we will help our communities become forceful advocates, ensuring that our leaders understand how communities of color use these programs and how they can be modernized to meet the…
Budgeting for health care in retirement
While the precarious long-term financial health of the Social Security system gets most of the press, the Medicare system is on equally uneven footing. According to the latest report from the Social Security and Medicare Boards of Trustees, Medicare is projected to exhaust its…