Finances 50+

State lawmakers are weighing a new tool to curb high drug costs: a review board that would be able to set payment limits for some medications.

Every July, we take pride in celebrating our nation’s independence. For nearly 90 years, our programs have helped provide financial independence to millions of hardworking people. We have useful online tools like the Social Security Statement (Statement) and our benefits estimator tool that help people not yet receiving benefits. The Statement shows the benefits that you and your family may be entitled to with personalized fact sheets tailored to your age and earnings situation. The benefits estimator tool allows you to get estimates based on different ages you want to begin receiving benefits. These tools can help you plan the financial independence you deserve in retirement.

The Virginia Department of the Treasury and AARP Virginia are bringing you an unclaimed property event

The Roanoke Financial Empowerment Center offers professional, one-on-one financial counseling at no-cost to Roanoke area residents.

New survey finds nearly half of Virginia voters of all ages struggle with student debt

Likely voters in Virginia experience student debt challenges and support measures to make higher education more affordable.

Pamela Sams, a professional financial planner and volunteer with AARP Virginia, presented strategies for planning for retirement in a free online seminar.

The longer you or your qualifying spouse work and the longer you delay receiving benefits, the higher your monthly payments. 

Lawmakers passed legislation to create a state-facilitated program that will make saving for retirement easy for an estimated 800,000 workers. It is set to take effect by July 2023. Eligible workers at companies with 25 or more employees can opt to have money taken out of their paychecks and directly deposited into a retirement account.

By Jacqueline Weisgarber