Finances 50+

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By Jacqueline Weisgarber
Advocacy
When the Virginia General Assembly returns to work on Wednesday, AARP volunteers will ask lawmakers for legislation to help workers save for retirement, require prescription drug price transparency, and overhaul oversight of the state’s long-term care facilities.
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Financial exploitation is the most common form of elder abuse in the U.S., and the average victim loses $120,000. We also know this crime is severely under-reported.
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Scammers are always looking to capture people’s personal information, and Social Security numbers are highly valuable.
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A new AARP survey, released in conjunction with Social Security’s 85th anniversary, confirms that Americans highly value Social Security, and even more so due to the pandemic.
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We pay monthly Supplemental Security Income (SSI) to people with disabilities who have low income and few resources, and people who are age 65 or older without disabilities who meet the financial limits.
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SSA’s Supplemental Security Income (SSI) program helps children with qualifying disablities and their families. For this program, a child must meet all of the following requirements to be considered disabled and medically eligible:
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The Social Security Administration announced the first of several steps the agency is taking to improve the public’s experience on its website. The newly redesigned retirement benefits portal, at www.socialsecurity.gov/benefits/retirement, will help millions of people prepare for and apply for retirement.
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June is World Elder Abuse Awareness Month. Throughout the month, government agencies, businesses, and organizations sponsor events to unite communities, seniors, caregivers, governments, and the private sector to prevent the mistreatment of and violence against older people.
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With so many services available online through my Social Security, signing up for a secure account will help you conduct Social Security business from home. With your personal my Social Security account, you can:
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