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.

Fighting Back Against Scams

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

Money & Work   By Tracy Sutton Schorn One evening, Jeanne Jackson, 72, of Midland, got a phone call from “Windows.” The man said he had received an alert about a virus on her computer. Alarmed, Jackson began to follow the man’s instructions to “remove” the virus. But then she stopped. “It just didn’t feel right,” Jackson said. The man grew irritated when she refused to cooperate. “I know what you’re doing!” she shouted at him. “You’re a scammer!” Jackson hung up, but …

Free Tax-Aide in Texas Communities Starting Next Week

Posted on 01/30/2014 by | AARP Texas | 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 45th year, is the nation’s largest free tax assistance and preparation service, providing free tax assistance to Texans of any age and 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. “Every year, thousands …