AARP New Jersey

Jeff Abramo

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New Jersey Family Caregivers Provide $13.6 billion in Unpaid Care According to AARP Study

Posted on 08/19/2015 by | AARP New Jersey | Comments

New report reveals stress on family caregivers’ health and finances; identifies policies to help support caregivers  WASHINGTON, DC — Family caregivers in New Jersey provided more than 1 billion hours of care—worth an estimated $13.6 billion—to their parents, spouses, partners, and other adult loved ones in 2013, according to AARP Public Policy Institute’s new report, Valuing the Invaluable: 2015 Update. The total estimated economic value of uncompensated care provided by the nation’s family caregivers surpassed total Medicaid spending ($449 billion), …

Retirement brokers should be looking out for clients, not themselves

Posted on 08/3/2015 by | AARP New Jersey | Comments

In the hospital waiting room, we have peace of mind in the knowledge that doctors must recommend what they think is best for us.  If a doctor thinks surgery will leave you worse off than just using crutches, they cannot recommend surgery.  If they do, you can sue them for malpractice.  The law holds every doctor accountable for the advice they give. However, as things stand right now, we do not have the same kind of security when we save …

Women have a particularly hard time saving for retirement- Secure Choice can help

Posted on 07/21/2015 by | AARP New Jersey | Comments

The following was written by one our volunteers.   Women retire with two-thirds the savings of men, because they are more likely to work in part-time jobs that do not qualify them for a retirement plan. As a working mother, I’m torn between being sad or mad that we are financially marginalized for the same reasons that the society expects us to fulfill the role of caregiving for our younger ones and elderly loved ones, along with managing other household chores. …

Financial planners should invest based on clients’ best interests, not their own

Posted on 07/10/2015 by | AARP New Jersey | Comments

Millions of Americans save for retirement using a 401(k), but how do they know if they are making the best investment decisions.  We may not all be Warren Buffet, but we all want someone like him advising us on how to best invest our retirement savings. However, the law does not hold all financial professionals accountable.  Some, like Certified Financial Planners, must act only in your best interest.  They can only do what they think will benefit you the most.  …

Secure Choice is a critical option for workers trying to save for retirement in New Jersey

Posted on 06/24/2015 by | AARP New Jersey | Comments

People are 15x more likely to save for retirement if they can do so at work   Right now, the NJ Legislature is working NJ Secure Choice Savings Program Act, which would help the more than 1.7 million working New Jerseyans who don’t have access to a retirement savings plan at work. Secure Choice makes it easier to save so everyone can live the life they want after they retire. It’s all about choice and control. It makes it easier …

Protect Consumers from Unexpected Out-of Network Costs

Posted on 06/17/2015 by | AARP New Jersey | Comments

Health insurance increasingly relies on limiting subscribers to networks to control costs. Most consumers, of course,  make great efforts to use only doctors and hospitals that are in network;  insurance companies make clear that in-network services will cost much less in out-of-pocket costs than out-of-network services – often the difference runs to thousands of dollars. However, in many cases, consumers are unaware that a provider is not in network. For example, the anesthesiologist aiding their surgeon may not be in …