Money

New AARP Report Highlights Steady Increase in Consumer Fraud Year-Over-Year

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The SECURE 2.0 Act of 2022 introduced major updates to retirement savings, offering greater flexibility for individuals managing their 401(k) plans. These changes, effective in 2024, allow easier access to retirement funds for emergencies and adjust required minimum distribution (RMD) rules. While the updates are helpful, it’s important to weigh the long-term impact of these decisions on your financial future.

News and Notes from AARP Michigan

AARP Real Possibilities by AARP Michigan is a weekly TV show airing every Tuesday on ABC 53 in Lansing and Jackson at 9:00 am and ABC 4 West Michigan at noon.

Scams increase during the season of giving. Don't let scammers steal your holiday spirit by learning these simple fraud prevention tips. Then celebrate by entering our Freeze Out Fraud Sweepstakes for your chance to win something nice.

Our series of virtual financial education classes, presented by AARP Virgin Islands in collaboration with the Government Employees' Retirement System (GERS) of the Virgin Islands, shares tips on saving, financial planning and managing and protecting your assets, as well as estate-planning strategies.

With heating costs rising, you may want to look into the Massachusetts Home Energy Assistance Program. It helps people with heating bills. You may qualify and not realize it.

AARP brings you events and experiences to uplift and enjoy. So, during this festive season, we’re thrilled to announce two exciting sweepstakes!

Across the country, someone’s identity is stolen every two seconds. Fraud is an escalating crisis, with losses far exceeding what is reported. While $9 billion in fraud losses were reported in 2022, The Federal Trade Commission (FTC) estimates the true financial impact at $137 billion due to underreporting. The impact on victims and their families can be financially and emotionally devastating, especially for older Americans.