Finances 50+

The U.S. Senate is considering a measure to deny states the flexibility they need to set up retirement savings options if they so choose. House Joint Resolution 66 repeals an important Department of Labor rule providing guidance to states desiring to work with small business owners to set up retirement savings programs for their employees.

AARP Idaho has been at the Idaho Capitol this week supporting some great measures to help the 50+.

Many low-income homeowners in Idaho are leaving money on the table by failing to take advantage of a property-tax break. AARP research shows that fewer than half of those eligible for the state’s property-tax-reduction program actually apply for it.

Boise, ID -- New analysis conducted by AARP shows that 806,000 Idaho workers who are paying into Social Security today stand to lose 25 percent of their benefits if the President and Congress don’t act.

Over 50% of those 65+ in the US rely on Social Security for most of their family income. Though America has evolved over the last 80 years, Social Security has not. With no change to current policy and spending, Social Security can only continue to pay out full benefits until 2034.

AARP Idaho and the U.S. Small Business Administration (SBA) are hosting two Encore Entrepreneur events in July to help Idahoans age 50-plus start or grow a new business. The workshops offer opportunities for budding entrepreneurs to get information and connect with mentors who have small-business experience.

In recognition of World Elder Abuse Awareness Day on June 15, the Idaho Department of Finance and the Idaho Commission on Aging spotlight the importance of safeguarding Idaho’s senior population by keeping a watchful eye for signs of elder financial exploitation and promptly reporting possible abuse to appropriate officials.

As part of its ongoing efforts to help consumers avoid falling victim to identity theft, AARP Idaho is joining with the Boise Police Department to sponsor “ Shred Fest 2016” – an event to provide free shredding of personal financial documents and other sensitive records.

WASHINGTON, D.C. – In a new AARP survey released today, 8 in 10 say that taking a stand on Social Security is a basic threshold for Presidential leadership. The survey of likely voters age 50+ also shows nearly 40% are dissatisfied with their retirement savings and nearly half of voters worry they won’t be able to achieve their financial goals over the next five years (49%). 4 in 10 (40%) still don’t know for certain which party’s presidential candidate they’ll choose in the 2016 general election.

AARP Foundation is once again providing free, IRS certified, tax assistance for all Idaho taxpayers through the AARP Foundation Tax-Aide program. AARP Foundation Tax-Aide, in its 49th year, is the nation’s largest free tax assistance and preparation service. You do not need to be a member of AARP or