Do you ever dream of becoming your own boss?

Do you ever dream of becoming your own boss?

Posted on 04/9/2014 by | AARP Louisiana | Comments

Money & Work AARP Louisiana and the U.S. Small Business Administration (SBA) are teaming up to  help aspiring entrepreneurs get started growing a new business or making an established one more successful at Encore Entrepreneur in Baton Rouge and New Orleans. Encore Entrepreneur is a free workshop and is open to AARP members and non-members. The workshop is designed to provide counseling, mentoring and training for those aged 50 and older who would like to start or grow a business. “Many older Americans …

Most of Utility Rate Hikes Rolled Back

Posted on 04/1/2014 by | AARP Blog Author | Comments

Money & Work Two utility-rate cases before the Louisiana Public Service Commission last year could have led to rate hikes for about 1 million residential customers. AARP and other consumer advocates intervened, and in settlements announced in December, Entergy Louisiana agreed to drop its proposed $144 million rate hike to $10 million, while Entergy Gulf States Louisiana backed off entirely from a proposed $38 million increase. “Retirees spend a higher percentage of their budgets on utilities than working people do, so any increase …

Advocates Aim to Cap Interest Rates at 36 Percent

Advocates Aim to Cap Interest Rates at 36 Percent

Posted on 03/1/2014 by | AARP Blog Author | Comments

Money & Work It sounds like a good deal: Get a short-term loan to cover bills and pay it back when the paycheck (or Social Security check) arrives. In practice, however, repaying a “payday loan” typically consumes a third of a borrower’s paycheck, according to a 2013 report from the Pew Charitable Trusts. As a result, many borrowers borrow again, incurring new fees, and some get trapped in a cycle of debt. State law allows payday lenders to charge annual interest rates of …

Looking for help to file your taxes? Turn to AARP Foundation Tax-Aide!

Looking for help to file your taxes? Turn to AARP Foundation Tax-Aide!

Posted on 01/9/2014 by | AARP Louisiana | Comments

Money & Work This year, AARP Foundation is again providing free tax assistance and preparation for taxpayers with low to moderate income through the AARP Foundation Tax-Aide program. AARP Foundation Tax-Aide, in its 45thyear, is the nation’s largest free tax assistance and preparation service, giving special attention those 60 and older.  You do not need to be a member of AARP or a retiree to use this free service. “Tax-Aide is one of the hallmark programs of AARP Foundation.  Its success is the …

Jean Setzfand, Vice President, Financial Security, AARP Education & Outreach

Plan Now – or Pay Later – for Your Health Costs in Retirement

Posted on 12/2/2013 by | AARP National | Comments

Money & Work By Jean C. Setzfand, Vice President of the Financial Security team in the Education and Outreach group at AARP I don’t know about you, but I plan to live a very long (and hopefully healthy) life. My father lived to 82 – even with three separate bouts of cancer – and my mom is still going strong at 76. So I’d rather bet on living to 100, and plan accordingly, than run the risk of outliving my money. Frankly, I’d …

New survey on Payday Lending reveals most Louisianans want interest rates capped

Posted on 11/12/2013 by | AARP Louisiana | Comments

Money & Work According to a new AARP survey, a majority of Louisianans believe it is important to strengthen consumer protection laws to prohibit excessive annual interest rates for payday loans. “Payday loans drain millions from hard working Louisiana families,” said Nancy McPherson, State Director, AARP Louisiana.  “Older adults who are on fixed incomes are particularly vulnerable to the lure of quick cash to pay for prescriptions, utilities and groceries.  They often find themselves trapped in long-term cycles of debt.” After hearing that …