Retirement Savings

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AARP Wisconsin is gathering stories from older residents about the challenges they face when it comes to affording retirement, paying high prescription drug costs, caregiving for loved ones and other issues.
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Come share your story: What does retirement security mean to you?
By Joanne Cleaver
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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.
When the Legislature’s Joint Finance Committee holds hearings this spring to discuss the biennial budget proposed by Gov. Scott Walker (R), AARP volunteers will be there to support key issues.
Retirement Savings
AARP Wisconsin is urging state lawmakers to introduce a bill in 2017 that could help more private-sector workers save for retirement. The Work and Save bill would create a simple payroll-deduction plan that small businesses could offer to their workers.
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Supporting Wisconsin’s family caregivers and assuring that all Wisconsinites have the framework to build a solid financial plan for their retirement are two of AARP Wisconsin’s state legislative priorities as the governor and legislature begin work on the 2015-17 state budget.
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