Becoming Financially Strong

Posted on 09/30/2014 by | AARP Texas | Comments

Money & Work Growing up in the outskirts of Cincinnati was more than fun for AARP Texas volunteer Lisa Lum. It was an education in the importance of being financially strong. “We had land and grew trees. And my father, who was a scholar and had lived through the depression, showed me and my three brothers how to save,” says Lisa. “It was an important lesson, because you need to be able to take care of yourself especially if something comes up.” Lisa’s …

Why We Need to Start Planning Now

Posted on 09/30/2014 by | AARP Texas | Comments

Money & Work By Charlene Hunter James A just-released AARP study shows many Texas ages 40 to 64 are on a path of financial uncertainty. In fact, more than half say they don’t have enough money or they have just enough for everyday expenses. Four in ten Texans say they have recently experienced difficulty making ends meet. When it comes to savings, the results aren’t good either. One in four of the Texans polled indicated they have less than $5,000 in savings. Costly …

At 79, Social Security Still An Engine For Texas Economy

Posted on 08/14/2014 by | Texas | Comments

Money & Work By Julia Castellano-Hoyt SAN ANTONIO, Texas – Frank Kormos remembers the dusty cemeteries of rural North Texas where he helped lay to rest poverty-stricken seniors during the Great Depression. “Before Social Security, there were people starving and they hardly had any place to live,” said Kormos. “They didn’t have retirement. That just didn’t exist. And when these folks passed, we would just go and dig graves for them in humble country cemeteries.” Raised on small farms, Kormos, now 99 and …

When ‘Retirement’ Means Work or Start a Business

Posted on 07/1/2014 by | AARP Blog Author | Comments

Money & Work By Tracy Sutton Schorn Farming 10 acres of organic watermelon is not how most people envision their retirement years, but it’s ideal for Susan and Rick Fields. “Why retire to sit home and watch television?” said Susan. The couple, both 57, purchased a farm in Rosanky and just planted their first crop of melons. Susan, a retired elementary school principal, and Rick, a retired federal worker, thought farming seemed like a good fit after a lifetime of avid gardening. “There’s …

Scam Jams Offer Tips on How to Avoid Fraud

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

Money & Work Texans can learn how to recognize fraud and guard against identity theft at a series of Scam Jams across the state. The events are hosted by AARP Texas in cooperation with the state attorney general’s office, the Better Business Bureau and the Texas State Securities Board. Shredding machines will be available on site. Americans age 60-plus lose nearly $2.9 billion annually to fraud, according to a 2011 MetLife Mature Market Institute study. Scam Jams will be held June 27 in …

1.3 million

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

Money & Work That’s how many Texans 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, 871,000 were 65 or older. Nationally, Social Security kept more than 22 million people out of poverty; over 15 million were 65-plus.