Finances 50+

By Ann Levin

By Pamela Schmid

The holidays are a busy time, not just for consumers, but for con artists as well. To keep your wallet safe, tune in to a tele-town hall, which airs live on Thursday, Dec. 15, on South Dakota Public Broadcasting stations. The “South Dakota Focus” program begins at 8 p.m. CT/7 p.m. MT.

Por Ann Levin

AARP Indiana and the Institute for Working Families have teamed up on this spotlight on low-income working Hoosiers age 50+.

AARP is working to ensure you have the resources and tools you need to take charge of your future by offering free and unbiased information as you work, plan, and save for the real possibility of long-term financial security.

The economy may be rebounding, but try telling that to the scores of Washingtonians who are still struggling to make ends meet. Whether it’s stagnant wages, increasing debt, or high consumer and housing costs, many people are finding it hard to get by day-to-day, much less think about their financial futures.

AARP South Carolina believes that today, a secure retirement is out of reach for millions of Americans, especially those who work for small businesses. According to the National Institute on Retirement Security, the conservative estimate of the total U.S. retirement savings deficit is $6.8 trillion. Nearly half of workers age fifty and older have less than $25,000 in savings and investments. The average 401(k) account balance in South Carolina is $20,630, ranked 50th in the US.

We’ve been hearing from many of you about Medicare and Social Security -- and we are listening. Rest assured we will do everything we can to protect your hard-earned benefits.

Family caregivers spend an average of nearly 20 percent of their income providing care for a family member or other loved one, according to a new AARP Research Report, “ Family Caregiving and Out-of-Pocket Costs: 2016 Report.” The report shows that family caregivers spend an average of $6,954 in out-of-pocket (OOP) costs related to caregiving, with Hispanic/Latino and low-income family caregivers spending an average of 44 percent of their total annual income.