Need Help With Your 1040 Forms?

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

Money & Work    By Christina Hernandez Sherwood Sixteen years ago, Carol Ober answered a newspaper advertisement seeking volunteers for AARP Foundation Tax-Aide. A former middle school mathematics teacher, Ober felt confident she could help other New Jersey residents prepare their taxes. “I’ve always done my family’s taxes,” said Ober, 70, of Princeton. For about 10 weeks every winter since, Ober has helped dozens of New Jersey residents complete their tax returns. In Mercer County alone, Tax-Aide volunteers assisted more than 4,000 people …

514,000

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

Money & Work That’s how many New Jersey residents were kept out of poverty by Social Security income each year, on average, from 2010 to 2012, according to an AARP Public Policy Institute report. Of those, 365,000 were 65 or older. Nationally, Social Security kept more than 22 million people out of poverty; over 15 million were 65-plus.

It’s Tax Season and AARP Foundation has a FREE Tax-Aide Program that may help you!

Posted on 02/21/2014 by | AARP New Jersey | Comments

Money & Work ©AARPAARP Foundation Tax-Aide, the nation’s largest free, volunteer-run tax assistance and preparation program, was founded in 1968 by four AARP volunteers. Today, more than 35,000 volunteers in all 50 states and the District of Columbia serve at 6,100+ Tax-Aide sites from February 1 to April 15. Since its inception, this program has helped nearly 50 million low- to moderate-income taxpayers. AARP Foundation Tax-Aide volunteers are trained and IRS-certified each year to ensure they know about and understand the latest changes …

Property Tax Battles Looming

Posted on 12/1/2013 by | AARP Blog Author | Comments

Money & Work By Jen A. Miller Mary Keashen, 95, of Cherry Hill, lives on a fixed income in a two-story Cape Cod that she and her husband bought in 1957. When the Homestead Benefit Program was cut by the state legislature for the 2011 fiscal year, her budget was hit. Benefits under the program for the average taxpayer were cut by more than half. So instead of a $1,000 reduction on her $6,400 property tax bill, Keashen got a $510 break. “I …

Consumer Advocates Help Keep Utility Rates Affordable

Posted on 11/1/2013 by | AARP Blog Author | Comments

Money & Work AARP and other consumer advocates worked to block most of a $70 million rate hike proposed by Atlantic City Electric, which provides power to about 547,000 customers. The state Board of Public Utilities decided in June to hold the increase to $25.5 million. “This win boosts morale as AARP volunteers continue to fight rate hikes sought by the state’s two largest utilities,” said Jeff Abramo, AARP New Jersey spokesman. State residents pay the seventh-highest electric rates in the country, and …

How to Make Sure Your Retirement Income Will Work For You

Posted on 08/1/2013 by | AARP National | Comments

Money & Work By Jean C. Setzfand, vice president of the financial security issues team in the Education and Outreach group at AARP If you saved, say, 10 percent of your salary for the rest of your working life, do you think that would be enough to get by? The so-called “experts” have long pegged that as the target savings rate, but how would you know whether it would meet your individual needs? There are plenty of calculators out there to will tell …