AARP Utah

Most people have to rely on money saved over years of work to fund their retirement, and often this money is accumulated through a 401(k) plan at work or some other type of investment. Long gone are the days when a guaranteed pension gave workers financial security in retirement; today, only one in five workers has access to such a plan. This means workers have to take on the risk of investing, which is a scary proposition. Investment losses can be devastating late in life, as there aren’t decades of work ahead to replace it.

Filing a tax return isn't the most stress-free experience, and fears of audits can put people on edge. That's exactly what scam artists are counting on with widespread tax scams that are proliferating, according to an alert issued by the Internal Revenue Service this month.

Social Security turns 80 on August 14, 2015 and has fulfilled the promise made by President Franklin D. Roosevelt when he signed it into law, that it would “protect the average citizen and his family against the loss of a job and against poverty-ridden old age.” It has done just that. In Utah alone, Social Security lifts 94,000 Utah retirees from poverty; 42 percent of the state’s population age 65 and older would have incomes below the poverty line without Social Security. [1]

Guess what’s turning 50? For many AARP members who know that milestone well, it’s a program that is invaluable for their health and financial independence. Medicare turned 50 on July 30. Former President Harry S. Truman received the first Medicare card immediately after President Lyndon B. Johnson signed Medicare into law in 1965, and since then it has helped redefine “real possibilities” for many Americans, often freeing them from the fear of devastating medical bills that could jeopardize their individual and economic survival.

WASHINGTON, D.C. – A new survey of internet users shows that the freedom and convenience of public wireless networks may come at a cost. Nearly half failed a quiz about online and wireless safety, while tens-of-thousands admit to engaging in activity that could put them squarely in the sights of hackers looking to steal their personal information.

Caregiving may be one of the most important roles a person takes on in his or her life, whether it is a sudden role or one that develops over time. Having resources to start to plan for this role, helping to coordinate a big move, or contemplating having a loved one move in will make the process much easier.

Utah Family Caregivers Provide $4.15 Billion

In a 6-3 decision issued Thursday, June 25, the Supreme Court ruled in the case of King v Burwell that federal subsidies for people to buy insurance through the Affordable Care Act (Act) are constitutional. The issue in the case was whether subsidies would only be allowed if the subsidies were given through exchanges that the states set up themselves. Because 34 declined to set up their own exchanges and defaulted to the federal exchanges instead, the question was whether the provision of subsidies through the federal exchange was authorized by the Act. According to Utah Policy, approximately 87 percent of enrollees in the federal exchanges receive subsidies to buy health insurance, or about 6.4 million people according to the Obama administration. In Utah, 67 percent of Utahns who use the federal exchange will be able to keep their subsidies.

The following press release was issued by AARP on Tuesday, June 16.

This press release was issued by AARP on June 4, 2015.