Offline
Background
Location:
Harrisburg, Philadelphia, Pittsburgh, Pennsylvania
United States
My Websites:
www.dividedwefail.org

My Journals (48)

 

AARP AND THE PENNSYLVANIA SECURITIES COMMISSION OFFER FREE FINANCIAL WORKSHOP
 
Southeast Pennsylvania Residents Gain Good Insight on Managing Money at Money Matters 2009
 
 
Financial security in tough economic times is an issue that weighs heavily on the minds of investors, especially for recent retirees and those on the verge of retirement.   For this reason, AARP Pennsylvania  in partnership with The Pennsylvania Securities Commission, and the Investor Protection Trust sponsored two free financial education seminars aimed at helping consumers become more financially savvy. The free seminars were held at the Radisson Valley Forge Hotel in King of Prussia.
 
The region’s leading financial experts spoke to attendees on the importance of having a sound financial plan that addresses the factors of life expectancy, inflation, income, expenses, investment returns and types of investments. Now in its fifth year, Money Matters 2009 offered objective, noncommercial information to seminar participants who were informed about making educated investment decisions and warned of the dangers on investment fraud.  
 
The keynote speaker at both events was Pam Krueger, executive producer and co-host of the national public television series MoneyTrack. Securities Commission officials were also on hand to answer consumer questions.  Along with other presenters, was AARP Pennsylvania Executive Council member Mary Bach, offering the latest information on specific types of financial frauds against older consumers.   “We do not want to let embarrassment or fear keep seniors from reporting investment fraud or abuse”, says Bach. 
 
In these uncertain economic times, AARP stands ready to help you stay focused on your long-term financial goals. Here are some tips to consider during these tough times.
 
 
 
Take Emotions Out of Investing
With the present uncertainty in the markets, it’s natural to be anxious and confused. But using your emotions as a basis for financial decisions is a losing game. Hasty decision-making often leads to selling low, when the market has tumbled, and buying high, when the markets are bouncing back. Set up a solid financial plan that fits your stage in life and comfort level and stick to it.
 
Invest for the Long Haul
Investing is a long term proposition. Over the long term, stocks have returned 10.4% per year on average, far ahead of bonds and cash. People are living longer in retirement, and while exposure to stocks should usually moderate with age, even retirees often need some stock investments for growth.
 
Rebound Effect
Stocks have historically come back after major financial downturns. The past is no guarantee of the future, but being an informed investor helps smooth out concerns over sudden market moves.
 
Think Twice Before Acting
Pulling out of your investment plan may have unwanted consequences. For example, cashing out your annuity early can trigger surrender charges. Carefully weigh options and consequences before making any investment decisions.
 
Safety Matters
A number of government insurance programs designed to safeguard your money are in place.
Money in FDIC-insured bank-issued money market accounts and CDs are guaranteed up to $250,000 per individual account, at least until December 31, 2009. Your FDIC-insured bank-held IRAs are guaranteed up to $250,000. The Treasury Department announced a new program on September 19 to insure participating money market funds. Brokerage accounts may be covered up to $500,000 by the Securities Investor Protection Corporation (SIPC) due to a firm failure, not for market losses in your particular account. Most brokerages have SIPC insurance, but to be sure check for “Member SIPC” on your broker’s web site.
 
Diversify
Spreading your investments among different asset classes—stocks, bonds, cash, real estate,
etc.—reduces risk. Also make sure that your stock investments are spread across different businesses and sectors. Mutual funds provide automatic diversification compared with individual stock investing.
 
 
Keep Fees Low
Getting the most out of your investment dollar is critical in these tumultuous times. Fees and expenses reduce your returns over time. That goes for all types of financial products, including
401(k)s, mutual funds, individual stocks and bonds, insurance and mortgages.
 
Retirement Reality Check
If you are nearing retirement, make sure that you will have enough money to make ends meet.
Use one of the retirement calculators at aarp.org/money to see if you are on track for a secure retirement. Carefully consider when you are going to retire to maximize Social Security benefits.
Go to ssa.gov/retire2/applying1.htm to help you decide.
 
Emergency 911
Set aside enough money to cover basic living expenses for at least 3-6 months. Get help if you lose your job at aarp.org/money/work/articles/laidoff.html. Find out about benefit programs that can help you meet basic needs with Benefits QuickLINK at www.aarp.org/money
Cut Costs
Before you think about raiding your retirement nest egg, make sure you have looked at every other area to save money. Consider generic instead of brand name drugs. Shop around for a cheaper cell phone plan. Think about buying groceries in bulk. Eat out every other week instead of once a week. Take public transportation when you can. Explore prepaying your mortgage.
 
Stay in Touch
Stay on top of the changes bombarding our financial system. Things are changing on a daily basis so take charge of your financial future. Go to www.aarp.org/money and aarp.org/finance
 
 
 
 
 
Added: May 4, 2009
Views: 164 | Comments: 0 | Bookmarks: 0

 

 
AARP urges anyone with flu-like symptoms—including fever, body aches, runny nose, sore throat, nausea, vomiting or diarrhea—to contact their health professional to find out if they should be tested or treated for seasonal influenza or swine flu.
 
You can help prevent the spread of swine flu and other illnesses by:
·         Washing your hands regularly with soap and water;
·         Covering your mouth and nose when you cough or sneeze;
·         Avoiding touching your eyes, nose and mouth;
·         Avoiding contact with sick people; and
·         Staying home from school or work if you feel sick.
 
While we encourage all older Americans to get an annual vaccine for seasonal flu, the swine flu strain is not prevented by the seasonal flu vaccine.
 
The Centers for Disease Control have important information about swine flu available at www.cdc.gov/swineflu
 
General Information about Seasonal Influenza
 
We encourage people to take personal responsibility for their health with preventive measures—like flu shots—to guard against illness and disease. Keeping people healthy is more efficient and economical than caring for people after they get sick.
 
People 50+ are more vulnerable to the flu and its complications, so anyone 50 or older should get a flu shot. You can find a flu shot clinic at www.aarp.org/flu.
 
A growing number of Americans are caregivers. This sandwich generation needs to get immunized to prevent serious disease for themselves and also for the people they care for—grandchildren and older parents.
 
In a 2007 AARP survey, we learned nearly half of 50+ Americans skipped their flu shot. Many mistakenly believed the vaccine could give them the flu.
 
This is also a good time to ask your doctor about a vaccine for pneumococcal disease, which causes 4,800 deaths annually. Everyone 65+ should consider a pneumococcal vaccine.
 

 

Added: April 30, 2009
Views: 164 | Comments: 0 | Bookmarks: 0

AARP to Host Joint Congressional Town Hall Meeting

with Congressman Jason Altmire and Congresswoman Kathy Dahlkemper
 
Come hear about health care, financial security and other important legislative issues. There will be an opportunity to ask questions.
 
Two Dates and Locations
 
Friday, May 8, 2009 - 10:00 AM
Shenango Valley Senior Community Center
220 North Buhl Farm Drive
Hermitage, PA 16148
 
Saturday, May 9, 2009 - 10:00 AM
Cranberry Municipal Building
2525 Rochester Road, Suite 400
Cranberry Township, PA 16066
 
 
Refreshments will be served.
Open to the public.
1-866-389-5654
Added: April 27, 2009
Views: 107 | Comments: 0 | Bookmarks: 0

 The nation’s largest membership organization, AARP, will appoint A. Barry Rand, known for being a catalyst for social change and inclusion in the workplace, to become CEO in early April succeeding Bill Novelli, who has held the position for eight years. Rand will be the first African-American to lead the organization.

Rand, who serves as the volunteer Chairman of the Board of Trustees at Howard University, is most recognized for his 30 year career at Xerox, where he rose from a sales representative to Executive Vice President for Worldwide Operations. More importantly, Rand’s tenure at Xerox is highlighted by his work to ensure minorities and women had every opportunity for advancement at the company. Under Rand’s leadership, Xerox became the most diverse company in the Fortune 500. Further, when Rand left Xerox in 1999 to become Chairman and CEO of Avis, he became one of the first African-Americans to achieve such a position in the Fortune 500.

“Barry Rand’s record of achievement and continued drive for inclusion fits perfectly with our mission at AARP,” said Bonnie Cramer, AARP Board Chair. “For more than 50 years AARP has fought for those who could not fight, we have given a voice to those who needed help, but could not be heard. Over his career so has Barry and we are extremely excited to have him join us; we know his passion and leadership will result in continued success for AARP.”

At Howard University, Rand created the Helen Matthews Rand Scholarship. Named for his mother, a school teacher and principal, the scholarship provides full tuition and a laptop to exceptional students pursuing a degree in teacher education. Recipients must make a 2-year commitment to teaching in an inner-city or urban environment directly upon completing their degrees.

“AARP and I have long shared the belief that health care and long-term financial security should be the goals of this nation – goals we all have an obligation to help achieve: from government to corporate America to the individual,” said Rand. “From ensuring inclusion in the workplace to ensuring equal opportunities for higher education, I have always embraced seemingly insurmountable challenges. AARP, with its mission, regularly does the same and I’m excited to be leading that effort now.”

Beyond corporate America, Barry Rand knows first hand what the health care and financial security crises are doing to individuals and families across this nation. He was a caregiver to his father for the last eight years of his life and that experience fueled his passion for the issues that have long been the centerpiece of AARP’s agenda.

“My experience with my father was eye-opening,” Rand added. “I considered myself lucky to be able to provide the necessary care for my father in the setting of his choosing; the tragedy is for those of us who aren’t as lucky as I am. Caring for him brought home for me the simple truth that access to low cost, high quality health care and financial security are pre-requisites for achieving the American Dream. While we have come far – because of the efforts of AARP – we have much left to achieve. Lifetime health care and financial security are terms far too many believe are out of reach; not just for ‘older’ Americans or ‘aging’ Americans, but for all Americans.”

“The need for reform is great, and Barry is ready to take on this important campaign on behalf of AARP’s members, volunteers, staff and community partners,” said AARP President Jennie Chin Hansen. “Barry’s management skills, commitment to quality and leadership acumen will collectively pay dividends for AARP. Caring for his ailing father, however, was one of the most important achievements of Barry’s illustrious career. Being a caregiver – navigating the maze of insurance forms, care options and financing – is the kind of personal experience that has fundamentally touched his core, as AARP works to bring Washington and the country together to create long term health care and financial security.”

Born Addison Barry Rand in Washington, DC, the son of a postal clerk and an elementary school principal, Rand and his wife Donna have two grown children. Rand will officially take over as CEO on April 6th; Rand and current CEO Bill Novelli will work together to ensure a seamless transition – a critical issue because of the many initiatives ongoing both in Washington and in the states.

Rand concluded, “AARP’s resources are immense, but so are the goals that it seeks to achieve. The fight will not be easy, but if I’ve learned one thing in my career, it’s that nothing worthwhile ever is. Finally, I look forward to continuing the incredible achievements of Bill Novelli, who took this organization from a well-known voice for older people to an essential organization bettering the lives of all Americans.” 

 

Added: April 8, 2009
Views: 169 | Comments: 0 | Bookmarks: 0

 

ESPN Sportscaster Jorge Ramos and Radio & TV Talk Show Host
Padre Alberto Cutié Named AARP’s New Hispanic Ambassadors
 
New Roles Reinforce AARP’s Commitment to Continued Growth of Diversity Outreach and Service
 
AARP, one of the world's largest member organizations with over 40 million members and the leading organization for people 50+, today announced that it has named renowned ESPN sportscaster Jorge Ramos and radio and TV personality Father Alberto Cutié, better known as Padre Alberto, as the organization’s new Hispanic Ambassadors.  As a well-respected Spanish-language sportscaster, Jorge Ramos’ focus will be on health & fitness and enjoyment, providing AARP members with information on the important role of having an active and healthy lifestyle. AARP members will also get life navigation guidance from Padre Alberto, who will focus on relationships, financial well-being and staying involved in the community.
“It’s key for us to reach the 50+ Hispanic community and deliver the information and resources that are most relevant to them,” said Estella Hyde, Pennsylvania State President, AARP. “Both Jorge Ramos and Padre Alberto’s expertise on these important topics make them ideal resources for our members in Pennsylvania and we look forward to working with them on reaching the millions of Hispanics in our country.”

Hispanics age 50+ make up 8.3 percent of the total U.S. population--a number that is expected to double by the year 2040. Ramos and Cutié will engage AARP’s Hispanic members during various activities in 2009 including AARP’s Vegas@50+ national event this fall and the upcoming AARP Life Festival in San Antonio, TX which kicks off on May 15th.
 
A household name for Hispanic sports followers, Jorge Ramos is one of the most respected Spanish-language Sportscasters/Journalists in the United States. As such, he has witnessed the importance of staying fit and healthy, as well as enjoying sports and activities with friends and family.  As Hispanic Ambassador, Ramos will provide tips like how to reduce the risk of diabetes, enjoying a healthy game day, indoors and out, and living a healthy life after 50, among others. Ramos will reach out to the community through monthly English and Spanish language Web casts and blogs, which will be posted on AARP’s Web site (www.aarp.org/espanol).
 
“An active lifestyle that includes exercise and a balanced diet plays such an important role in ensuring that we remain healthy as we grow older,” said Jorge Ramos. “My hope is to provide health and fitness tips based on my experiences to help Hispanics 50 and older and their families stay fit and enjoy being active.”
 
Just as Ramos’ role as Hispanic Ambassador will demonstrate how AARP can be with you in body through health and fitness advice, Father Alberto Cutié will show how AARP can benefit your mind and soul by offering useful life navigation tips to the organization’s members.
 
A priest of the Archdiocese of Miami and General Director of Pax Catholic Communications (home of Radio Peace in Miami), Cutié has also been referred to as “Father Oprah” and is considered to be one of the most influential Hispanics in the country. He will connect with the 50+ Hispanic community through AARP’s online community, providing insight on topics such as facing your financial future, giving back to your community, and connecting across generations. He can currently be heard on his radio shows on “Radio Peace,” and his television talk show “Hablando Claro con el Padre Alberto." His first self-help book entitled, Real Life, Real Love: Seven Paths to a Strong and Lasting Relationship was released in January 2006. 
 
“Most of my work in the media has been dedicated to offer Latinos guidance in facing life’s many changes and struggles,” said Padre Alberto Cutié. “I’m excited to be working with AARP to help the Hispanic community navigate through important life decisions, offering them advice on how to remain involved and active in their community and with their family as they grow older.”
 
Additional information about Ramos and Cutie can be found online at www.aarp.org/espanol.
 
Added: April 6, 2009
Views: 156 | Comments: 0 | Bookmarks: 0

 

 
AARP Pennsylvania Participating in National Governor Association Policy Academy to Enhance Civic Engagement Among Older Adults
 
With four in 10 Americans aged 44 to 79 planning to increase their commitment to volunteering, AARP Pennsylvania today applauded Governor Rendell’s proclamation of March 29-April 4 as Civic Engagement Week in Pennsylvania.
 
In association with the proclamation, AARP Pennsylvania is participating in a policy academy promoting civic engagement of older adults organized by the National Governors Association held in Blue Bell this week.
 
“Solving our nation’s problems will require more than a financial stimulus package, and there is no shortage of opportunitiesfor people to become involved,” said Chevrefils. “We’re committed to enhancing service opportunities for persons 50+, so they can apply a lifetime of acquired skills to help remedy our most urgent community needs.”
 
In a national AARP survey last year, four in 10 Americans aged 44 to 79 said they expect to increase the time they spend volunteering in the next five years.  Chevrefils said Pennsylvania baby boomers and their older counterparts stand ready to give back and in the words of AARP’s founder, Dr. Ethel Percy Andrus, “create the good.”
 
“Today thousands of Pennsylvania AARP members are already helping individuals find work, receive tax refunds, drive more safely, stay healthy and advocate on a wide range of issues important to older residents and their families,” he said.  In addition to allowing communities to capitalize on the talents and experience of seniors, Chevrefils said volunteering and civic engagement are linked with successful aging and significantly improve the quality of life for older residents.  
 
“We look forward to working with the Governor to identify ways we can expand opportunities for meaningful volunteering and lifelong learning that will help older Pennsylvanians actively contribute to their communities,” he said.   
Added: March 31, 2009
Views: 155 | Comments: 0 | Bookmarks: 0

 

AARP Pennsylvania recently joined the Pennsylvania Eastern Keystone Baptist Association for a Women’s Prayer Breakfast held at the Calvary Baptist Church in West Philadelphia. AARP’s focus was on the importance of using individual talents and resources to engage the community.
 
The AARP and the Women’s Division of PEKBA breakfast welcomed over 200 faith-based leaders from Eastern Pennsylvania.  “Through AARP, community members have access to all information, programs and products people 50+ will need to increase their sense of well-being and to become great agents of positive social change within their community,” says PEKBA Women’s Division President, Evangelist Gillian Gittens.
 
AARP is addressing the basic needs of health care, financial well-being, social engagement, giving and enjoyment of life through services, products, programs and events. AARP has been serving members for more than 50 years. This year AARP is continuing its commitment to diversity by engaging faith-based organizations to bring resources into local communities.  AARP members across the country are taking part in a Health and Wellness Tour with Gospel songstress Yolanda Adams ; motivational messages and encouragement from AARP ambassador and CBS sports show host James Brown ("JB")” ; and our ongoing AARP-Walgreens community outreach partnership that helps people use medications safely and wisely.

In engaging, supporting and contributing to the African-American member experience, the association has been inspired to create and sponsor projects such as the Voices of Civil Rights and Songs of Soul and Inspiration , and has also made a one million dollar contribution to the Dr. Martin Luther King, Jr. National Memorial in Washington, D.C. 
 
“AARP has become a source community members can trust to provide vital information and resources to improve financial security , health and wellness , regardless of your circumstances – and that’s good news,” says Maureen Mckoy, Associate State Director, AARP Pennsylvania. 


 
AARP’s longstanding commitment to diverse communities has its roots in the upbringing of our founder.  Dr. Ethel Percy Andrus , a retired educator and advocate for people 50+, was raised in Chicago during the early 1900s, the daughter of an immigrant mother and U.S.-born father. She grew up appreciating diverse cultures. As the first woman high school principal in California, her appreciation grew as she witnessed the nation’s growing diversity in her students.

 
Added: March 30, 2009
Views: 169 | Comments: 1 | Bookmarks: 0

 

Buyer Beware: There’s No Such Thing as a Free Lunch

 

Especially at Tax Time
Help Fight Investment Fraud Pennsylvania
 
Americans are often bombarded by junk mail; unwanted phone calls during dinnertime, and, in many cases, with “free lunch” investment seminar invitations. This is particularly true during tax season when the invitations promise no risk investments and ways to avoid all taxes. Although many of these seminars sell legitimate products, there have been far too many reports of people being scammed out of their life savings. 
 
AARP, in collaboration with the North American Securities Administrators Association (NASAA), is working diligently to fight consumer fraud by encouraging individuals to join the Free Lunch Monitor program. Hundreds of people have already joined this national campaign to help monitor free lunch investment seminars. 
 
By becoming a Free Lunch Monitor, you can help to fight fraud in Pennsylvania. If you plan to attend a seminar, take the “What to Listen for Checklist” and report your findings to AARP. We are sharing this information with securities regulators nationwide. Please visit the web site www.aarp.org/nofreelunches  to download the checklist and help make the market place safer for all investors. 
 
 
Added: March 24, 2009
Views: 138 | Comments: 0 | Bookmarks: 0

Money Matters 2009

Join AARP for Money Matters 2009, an investor education event designed for individuals who are thinking about retirement or are recently retired.

 

Wednesday, April 22, 2009

 

Raddison Hotel, Valley Forge

1160 First Avenue

King of Prussia, PA 19406; Free and Open to the Public

Space is Limited, to register for this event click on the event registration link

 

 

https://www.secure.psc.state.pa.us?a=moneymatters.042009

 

 

Volatility in the stock market, an anemic real estate market and the failures of Wall Street’s largest investment firms have caused consumers to question their own financial security. Having a sound financial plan that addresses the factors of life expectancy, inflation, income, expenses, investment returns and types of investments is key.

 By attending, you will:

  • walk away with objective noncommercial information about investing for retirement that will help you make informed choices
  • learn how to recognize and avoid misleading investment advice and scams
  • learn ways to better manage your retirement investments

Featuring Pam Krueger, executive producer and co-host

of the public television series MoneyTrack

 

 

Added: March 24, 2009
Views: 132 | Comments: 0 | Bookmarks: 0

Bills to Improve Care for Seniors Move to House Floor

AARP Pennsylvania expressed support for actions taken today by the House Aging and Older Adult Services Committee, as members of the Committee voted unanimously to move seven bills to the full House for consideration. 
 
“The legislation approved by the Committee today will help older Pennsylvanians get better care and services whether they live at home or in a long-term care facility,” said Richard Chevrefils, AARP State Director.  “In addition, a number of these bills will provide better protection against some of the exploitation of our older citizens that, sadly, is taking place across Pennsylvania today.”
 
A key piece of legislation from AARP’s perspective is House Bill 245, introduced by Representative Phyllis Mundy.  This bill would expand the Family Caregiver program, allowing more individuals to take advantage of assistance designed to help families keep their loved ones at home.  “The Family Caregiver program is an important part of our overall long-term care system,” noted Chevrefils.  “We know older Pennsylvanians express a desire to remain in their home and community as long as possible, and the expansion of this program would be a significant step forward in meeting this goal.”
 
Other bills approved today by the Committee include House Bill 56, requiring mandatory reporting of neglect by employees of long-term care facilities, House Bill 288, expanding the definition of exploitation to include those holding a power of attorney, House Bill 309, further defining chronic dementia and requiring disclosure of physician financial involvement in facilities, House Bill 312, increasing the amount of information available to consumers about long-term care facilities, House Bill 372, further defining inspection procedures in facilities, and House Bill 373, increasing penalties against caregivers when their actions result in the death of a care-dependent person.
 
“We look forward to quick action on all of these bills in House since they were approved by that body in the last legislative session,” said Chevrefils.  “AARP will then urge the Senate, which failed to act on them last year, to consider and approve them, so they can be signed into law.”
 
Added: March 23, 2009
Views: 137 | Comments: 0 | Bookmarks: 0