There’s a growing natural resource in Alabama that boosts the state’s fiscal health. It is the population of Alabamians 50 and older. Through their work, purchasing power, and state and local taxes, this group pulls more than its weight in sustaining the economy.
Just after filing taxes is a good time to shred old documents to keep them from falling into the hands of identity thieves. More than 3,600 Alabamians filed complaints of identity theft to the Federal Trade Commission in 2017.
You’ve w orked hard to save for retirement and you deserve a financial advisor who works just as hard to protect what you’ve earned. Right now, loopholes in the law allow bad-actors in the financial industry to provide retirement savings “advice” based on what’s best for their pocketbook, not yours. The result? They can recommend investments with higher fees, riskier features, and lower returns because they earn more money, even if those investments are not the best choice for you. Bad advice is wrong, and it is costing Americans up to $17 billion per year.
Tax season is here, and AARP Alabama and the AARP Foundation are again providing free tax assistance and preparation for taxpayers through the AARP Foundation Tax-Aide program.
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