Plan to Tax Retirement Income Sparks Debate

Posted on 06/1/2014 by | AARP Blog Author | Comments

Money & Work By Kelly Soderlund In a proposal to dramatically change how Illinois collects taxes, a Chicago think tank has recommended that the state tax all forms of federally taxable retirement income. If enacted, that would alleviate much of the state’s budget crisis, but also leave nearly 1.5 million retirees with less money in their pockets. The Civic Federation, a nonpartisan government research organization, released a report in March outlining its proposal for how to make up for the state’s $5.4 billion …

AARP Experience Corps Chicago Hiring RSVP Program Specialist

Posted on 05/14/2014 by | AARP Experience Corps | Comments

Money & Work Hey blog readers! Just a quick note to let you know that we’re hiring! Read below for all the details. We look forward to having a new team member. Position Description: RSVP Program Specialist    Position Responsibilities This position reports to the Academic Tutoring & Mentoring Partner (Program Director). The RSVP project acts as a clearinghouse for volunteers 55+ at designated nonprofit organizations, referred to as volunteer stations. The RSVP program specialist will handle the day to day operations of …

Pushing Back on Unemployment Benefit Cuts

Posted on 05/1/2014 by | AARP Blog Author | Comments

Money & Work Illinois is one of two states that have laws penalizing older workers in company layoffs by reducing unemployment benefits for those who have Social Security income. Twelve years ago, 21 states plus the District of Columbia had such “offset” laws on the books, but most states have repealed them. AARP is pushing to repeal the Illinois law, which affects more than 17,000 workers. The law reduces unemployment benefits by 50 cents for every dollar of Social Security income workers receive. …

Look…He’s So Cute…And FREE!!

Posted on 04/10/2014 by | AARP Illinois | Comments

Money & Work Welcome back to “Oh NO You Don’t” – our bi-weekly fraud blog post by yours truly, Terri Worman, Associate State Director here at AARP Illinois. FINALLY the weather is feeling more like spring…warmer breezes and sunshine! People are taking those first walks outdoors in neighborhoods and parks all across the country. And inevitably you see perfect strangers exchanging grins and “can I pet ‘em?” questions as they stoop to pet the cutest puppy you ever saw!! Well, sorry to have …

Take Full Advantage of Money Smart Week Illinois!

Posted on 04/2/2014 by | AARP Illinois | Comments

Money & Work Hello there blog denizens! Just a heads up that it’s almost time for Money Smart Week, and there are a lot of sessions worth checking out this year.  First, learn what “Money Smart Week” is all about by checking out this quick and somewhat epic video….   Second, let us tell you about the sessions that we’re a part of this year….   Seminar #1 and #2 – Peoria  “Reverse Mortgages: What are they?” 12:30 p.m.-1:30 p.m. “Frauds & Scams: Keeping Yourself …

It’s Not Too Late For a Tax Break

Posted on 04/1/2014 by | AARP National | Comments

Money & Work By Jean C. Setzfand Even though 2013 has come and gone, you can still get a tax break when you file your income tax return. How? By contributing to a Traditional IRA. If you’re self-employed, the same applies to your SEP-IRA or Keogh plan. If you need help filing your taxes, you may qualify for free assistance from the Internal Revenue Service (IRS) or the AARP Foundation’s Tax-Aide program. Read on to learn how. Tax Breaks on IRA Contributions The …