Finances 50+

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.

WASHINGTON, D.C. — Today AARP Executive Vice President Nancy LeaMond praised the announcement of a final rule by the U.S. Department of Labor (DOL) that updates requirements for providing financial advice to individual retirement plan savers. Americans saving for retirement currently lose an estimated 6 to 17 billion dollars per year due to bad investment advice. Many advisers already abide by the higher standard.

By John Hishta, AARP

This winter natural gas prices are expected to be 15% lower than last year, DTE estimates.

With the holiday giving season approaching, a new survey from the AARP Fraud Watch Network found that 66 percent of Michigan consumers failed a quiz about how to stay safe from common holiday scams, and many are regularly engaging in risky behaviors which could leave them at risk of being victimized by con artists.

Boston, MA—Only 9% of consumers believe they are very knowledgeable about how Social Security benefits are determined and just 1% of Certified Financial Planner™ (CFP ®) professionals say their clients are very knowledgeable about Social Security claiming, according to results of a new joint survey released today by the Financial Planning Association ® (FPA ®) and AARP.

AARP Foundation is looking to build its team of tax-loving volunteers in Michigan. About 275 volunteers are needed at most Tax-Aide sites from Metro Detroit to the Upper Peninsula.

From Boomers Rock radio talk show host Tom Matt:

Washington, DC – Americans of all ages continue to have strong feelings of support for Social Security, according to results of an AARP survey released this week as we celebrate the 80 th Anniversary of Social Security on August 14, 2015.

From MIRS Residential customers would pay more and industrial customers would pay less, under a new rate structure for Consumers Energy electricity customers approved by the Michigan Public Service Commission (MPSC) Tuesday.