Finances 50+

Planning headaches can diminish the lure of travel, so AARP Utah is gathering seasoned travelers to share tips on making your efforts more efficient.

Utah is one of only 11 states that tax Social Security benefits. But in an era of high inflation, people who are dependent on their Social Security income are looking for a break.

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State retirees paid into Social Security throughout their working lives and now count on it to make ends meet. What they don’t appreciate is having to pay state taxes on that vital retirement money. But Utah is one of 13 states that tax Social Security income.

There’s a growing natural resource in Utah that boosts the state’s economic health. It is the population of Utahns 50 and older.

The legislative session that begins Jan. 22 is only 45 days long. AARP Utah is prepared to hit the ground running to advocate on behalf of family caregivers, retirees and other adults 50-plus. AARP staff and volunteers will be at the Capitol every day.

Tax season is over, and AARP Tax-Aide in Utah did another outstanding job helping low-to-moderate income taxpayers in the state file their taxes at no charge and on time! This year, over 6700 returns were completed at 32 sites around the state by 106 volunteer preparers.

It's the season of giving but con artists are taking--here are some tips from the AARP Fraud Watch Network on how to protect yourself from holiday scams:

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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.