AARP

socialsecurityworks.org

Lots of national and international issues are competing for time and attention this election campaign season for presidential candidates as well as our Syracuse-area congressional hopefuls.  Concerns about terrorism, international trade and immigration grab headlines…but few issues affect as many people as social security.  

sba.gov/encore

  People who want to start their own business a little later in life got some financial help and encouragement Tuesday from the Small Business Administration here in Syracuse. 

Marcia Lafave is one of these so-called ‘Encore Entrepreneurs.’  Lafave started a home care business called The Right Care to help people with medical needs at home.   

“…help them out with house cleaning, bathing, maybe there’s a person that has had a stroke, a TBI, and needs help giving insulin to themselves; any help that we can give them to ensure their safety in their home.” 

http://www.tradingacademy.com/resources/financial-education-center/financial-images.aspx / through Creative Commons flickr page

Chances are many Central New Yorkers who work for a smaller business don’t have an employer-provided retirement savings plan.  That could change if a state-facilitated, payroll deduction plan called “Secure Choice” is approved in the state budget.  

  The AARP is pushing state lawmakers to include it in their spending plans.  The group’s state legislative representative Bill Ferris acknowledges workers do have the option of setting up their own IRA outside of work.  But most don’t bother.

John Smith, WAER News

A new AARP survey of about 800 residents in Onondaga County shows there is a growing concern if they’ll have enough money on hand to live comfortably when they retire.  The sampling of local working residents who are registered voters shows that 16 percent of Gen Xers, and 23 percent of Boomers don’t have access to retirement savings.  Even worse, AARP State Director Beth Finkel says about 3.5 million New Yorkers employed by private industry don’t have a defined benefits package or a 401K.  

Scott Willis / WAER News

  About two dozen Central New Yorkers marched through downtown Syracuse Thursday to mark a milestone for older americans.  Members of the Alliance of Retired Americans and AARP joined in singing happy birthday to Medicare signed 50 years ago by President Lyndon Johnson.  Mike from Clay was also on hand.  He’s President of Syracuse Chapter 200 of the National Active Retired Federal Employees, and knows the importance of the program.

states.aarp.org

  Family members taking care of relatives at home may be receiving more thorough training about how to look after their loved ones.  Both the New York State Senate and the Assembly passed the CARE Act which mandates education for family care givers.  Tracy Murphy of Syracuse has to look after her mother when she came home from the hospital.

Advocates for older New Yorkers will be pushing Albany this year on new laws that might help with retirement, monthly utility bills and caring for relatives.  

people in red t-shirts gathered in front of a projector screen
Chris Bolt / WAER News

AARP is lobbying for support for New Yorkers who spend a lot of time caring for the elderly in their homes, following a 2013 report on New York state elderly care.  The report finds that four million unpaid family caregivers are struggling to balance their jobs with helping elderly family members. 

Chris Bolt/WAER News

  More than half the people over 50 in Onondaga County might soon be spending as much as a full-time job caring for sick or invalid relatives.  Elderly advocate groups released a study Tuesday that shows caregivers are in crisis.