Finances 50+

Given the projected Social Security shortfall in 2034, AARP is focused on helping older Americans better understand their Social Security benefits and learn about the policies that would strengthen the program for current and future generations. If Congress doesn’t act, millions of Americans who are counting on Social Security will see cuts to the money they’ve earned. If Washington doesn't take action in the next 10 years to protect and save Social Security, it could be cut by 20%, an average of $4,000 a year. That's why AARP Minnesota and AARP Wisconsin have teamed up to bring two events to the Duluth-Superior area that wrestle head-on with the economic impact of Social Security and generational perspectives on retirement.

The generation gap is often used to define and separate people, but it holds the power to strengthen communities and teach across generational lines. Join AARP Minnesota and Pollen for an opportunity to connect with people from each decade – from 20s to 90s – to discuss different perspectives on financial security and wealth disparities.

AARP Foundation Tax-Aide provides in-person and virtual tax preparation help to anyone, free of charge, with a special focus on taxpayers who are over 50 and have low-to-moderate income.

We hosted a two-part online education webinar to help people nearing retirement make informed decisions about Social Security and Medicare. Speakers from the Minnesota Board on Aging and Social Security Administration will focus on how to get the most out of Social Security in retirement and the basics of Medicare. View the replays of the sessions below:

Join us for an upcoming virtual event! For those approaching retirement, learn more about Social Security and Medicare. Attend this two-part online education session intended to help people nearing retirement make informed decisions about both programs. Speakers from the Minnesota Board on Aging and Social Security Administration will focus on how to get the most out of Social Security in retirement and the basics of Medicare. There is no cost to attend, but preregistration is required.

Across generations, many adults are grasping for financial security. Join us for a panel discussion on the challenges four generations – Gen Z, Millennials, Gen X, and Boomers – face saving for their futures. Panelists will share common experiences and explore solutions that could help all save more for the future. Speakers include:

AARP MN & the Social Security Administration Webinar

The coronavirus pandemic has brought to light a long-standing but little-known provision in state law that reduces the unemployment benefits for certain sidelined workers who also receive Social Security.

Find out more about this issue at AARP’s second in a series of free webinars.

Find out what you can already be doing to prepare at our free, two-part webinar.