Make public comments on retirement account protection rule

Posted on 05/22/2015 by | AARP Michigan | Comments

Advocacy | Finances 50+ AARP Michigan has sent more than 2,600 petitions to our Members of Congress in support of the Department of Labor rule to “Close the Loophole.”  This rule would require financial advisors to act in the best interests of their clients when giving advice on 401(k) plans, IRAs and other retirement accounts.  In a letter to Congress, Nancy LeaMond, AARP Executive Vice President for Community, State and National Affairs, wrote: “Having fought for this common sense consumer protection for over five …

News conference kicks off Michigan CARE Act

Posted on 05/22/2015 by | AARP Michigan | Comments

Advocacy | Caregiving AARP Michigan and Sen. Margaret O’Brien shared the podium at a news conference launching the CARE Act legislation on May 20 at the State Capitol. The bill introduction event attracted a crowd of 40, including television and print media. About a dozen branded AARP volunteers also attended, as well as legislative staffers for lawmakers who support the bill. Senate Bill 352 supports the state’s family caregivers – an unpaid silent army 2-million strong who help make it possible for older …

Veterans: Beware Scams that Target You!

Posted on 05/13/2015 by | AARP Michigan | Comments

Fraud | veterans Dear Veterans: You have done so much to serve us, let us serve you! AARP Michigan will run a regular feature on this web page about programs, services and benefits available to veterans. The first in the series will address: Scams That Target Veterans  Benefit schemes: There are dishonest advisors who promise veterans that they can get additional VA benefits if they invest in certain products, or offer cash now if the veteran turns over future benefits. The Federal Trade …

Annie Mae Holt: Close the Loophole!

Posted on 05/8/2015 by | AARP Michigan | Comments

Advocacy | Finances 50+ | Money & Work AARP volunteer activist Annie Mae Holt of Detroit authored the following opinion piece on raising standards for financial advisers to retirees: Under current law, it is not required that financial advisers act in your best interest. In one instance, I did not discover until it was too late that “Mr. Q”, my financial planner/plan provider, had advised me to reinvest, to perhaps, his advantage. The cost to me was a $10,000 rollover penalty.  The benefits of this reinvestment resulted in …

Planning event for LGBTQ families slated in East Lansing

Posted on 05/8/2015 by | AARP Michigan | Comments

Events | Home & Family | Local Resources The Road Ahead: A Conversation on Advance Directives and Planning for LGBTQ Families in Michigan will be offered Tuesday evening in East Lansing. Attendees can learn about marriage update, current Michigan laws, wills, health care and power of attorneys. AARP Michigan is a sponsor of the free event, which will be 6-8 p.m. May 12 at Hannah Community Center, 819 Abbott Rd., East Lansing.

How to Share Your Caregiving Story

Posted on 05/1/2015 by | AARP Blog Author | Comments

Caregiving The AARP state offices in Michigan and Ohio are encouraging members who care for an aging parent or other loved one to share their stories with millions of other people who perform the same important work and may need advice or a sympathetic ear. AARP will share these stories with lawmakers to encourage them to develop resources to relieve the burden on family caregivers, who are the backbone of the nation’s long-term care system. Michigan has more than 2.1 million …