— Across the country, millions of people are at risk of running out of savings after they retire, and Social Security alone isn’t enough to live on. In Wisconsin, the average benefits for a 65+ family is only about $20,000 per year, while older families on average spend $22,000 a year on food, utilities and health care alone. Part of the problem is that nearly half of American workers – including over 1 million Wisconsinites – have no way to save …

retirement savings

— Recently AARP South Carolina approached Dean Peter Brews, University of South Carolina Darla Moore School of Business about a feasibility study for a multi-employer retirement plan for South Carolina employees. This idea has worked well in other states where employees did not have access to a retirement plan through their employers. AARP South Carolina wanted to find out if this was a feasible plan for the Palmetto state and, if so, what it would cost based upon the projected participation. …

— At Tanioka’s Seafood and Catering in Waipahu, the line sometimes stretches out the door for their famous ahi limu poke, maki sushi and sashimi platters. The family owned business takes pride in its local roots, community service, quality food and the service-with-a-smile attitude of its 150 workers. Founder Mel Tanioka and daughter Jasmine Tanioka, the company’s chief financial officer, want to offer a 401(k), IRA or other retirement savings plan to their workers, but found the administrative costs too high …

— South Carolinians go to the polls this month to vote in primary elections for governor, lieutenant governor and other statewide offices. Do you know where the gubernatorial hopefuls stand on issues important to people 50 and older? AARP South Carolina hosted a forum in February attended by six of the eight candidates for governor. Questions included how to help more workers in the state save for retirement, how to keep utilities affordable and how to help more people age at …

piggy banks

— A new task force will study why many Wyoming employers find it difficult to offer their workers a way to save for retirement. More than 57 percent of private sector employees in the state—about 123,000 workers—do not have access to a retirement savings plan at work. As a result, more than half of workers 65 and older have little to no savings, and the state is saddled with safety-net costs for many who need nursing home care. The state spends …

— Small businesses employ nearly half of U.S. private-sector workers, and many employers do not offer a retirement savings plan. That’s why AARP Arkansas is urging state legislators to create a Work and Save plan. Participating employers would enroll their employees in the plan and automatically deduct contributions from their paychecks (unless the worker wants to opt out). There would be no ongoing costs for employers, and the accounts would be portable, allowing workers to take their funds with them when …

— By Cathy MacCaul, AARP Washington Advocacy Director A new retirement savings initiative has launched in Washington. The Retirement Marketplace officially opened the nation’s first online savings portal in March, where businesses and individuals can comparison shop for low-cost, state-verified retirement savings plans. The Retirement Marketplace at www.retirementmarketplace.com was created to help approximately 2 million Washingtonians who do not have access to retirement savings plans through their workplace. We know a secure retirement is out of reach for millions of Americans, especially those …

— At the AARP Oregon State Office we hear almost weekly from a member who can’t afford prescription drugs and has to make the hard choice to skip a medication dose or cut the pill in order to make ends meet. That’s why we were especially pleased to help pass legislation during Oregon’s short session that will make the cost of drugs more “transparent” in our state. This bill and several others passed through our advocacy efforts – and the help …

— By Hilary Appelman When a friend and financial adviser asked Kelli Robbins about her plans for retirement, she said half-jokingly, “I’m hoping to work until I’m really, really old.” Maybe her nephews would take over her business and write her a check every month. Or perhaps she would sell the business and live on the proceeds. “So you’d like to hit a home run in the ninth inning,” the friend responded. Robbins, president of Pittsburgh-based Contact One Communications, and her …

— By Philip Lentz Most New Yorkers of color over age 50 retire near the poverty line. They are more than twice as likely as older white residents to spend over half their income on housing. And 330,000-plus New Yorkers 60 and older are eligible for the Supplemental Nutrition Assistance Program (commonly known as food stamps) but have not signed up for it. These are a few of the troubling findings in three briefs issued by AARP New York that highlight …