Banking Benefits

8-Month No-Penalty CD from Marcus by Goldman Sachs®

For those seeking a safe and rewarding place to park their savings, the 8-Month No-Penalty CD from Marcus by Goldman Sachs® is an attractive option. This CD offers a fixed rate of interest that is typically higher than what you’d find in standard savings accounts. One of the standout features is the ability to withdraw the full balance online with no penalty after just 7 days. This flexibility makes it an excellent choice for those who want to earn higher interest without being locked into a long-term commitment. Plus, opening the account online is straightforward, and there are no fees to worry about.

AARP® Essential Rewards Mastercard® from Barclays

The AARP® Essential Rewards Mastercard® from Barclays is another valuable banking benefit for AARP members. This credit card offers a rewarding program that includes 3% cash back on gas station and eligible drug store purchases. There’s no annual fee, which means you can enjoy these rewards without any additional costs. Additionally, new cardholders may be eligible for sign-up bonuses, adding even more value to your membership.

AARP® Health Savings Account offered by Optum Financial®

For those with high-deductible health plans, the AARP® Health Savings Account (HSA) offered by Optum Financial® is a smart financial move. HSAs come with discounted fees and significant tax benefits, allowing you to save pre-tax dollars for medical expenses. You can use your HSA funds for everything from doctor visits and prescriptions to medical equipment and some over-the-counter medications. This account helps you prepare for future healthcare costs while also providing a tax-advantaged savings vehicle.

Investment Benefits

AARP® Annuity Marketplace powered by Blueprint Income

The AARP® Annuity Marketplace powered by Blueprint Income is an invaluable resource for members looking to secure a steady income stream in retirement. This online marketplace offers a variety of annuity options, allowing you to choose the one that best fits your needs. Additionally, the free income check-up service helps you understand how annuities can fit into your overall financial plan. With annuities, you can ensure predictable income for years to come, providing peace of mind as you enter retirement.

General Investment Advice

Diversifying your investments is key to long-term financial health. AARP provides resources and guidance to help members make informed investment decisions. Whether you’re just starting out or adjusting your portfolio as you approach retirement, it’s important to consider a mix of low-risk and higher-risk investments. AARP’s investment advice includes tips on how to balance your portfolio and make the most of your investments over time.

Retirement Planning

AARP Social Security Resource Center

Understanding Social Security benefits is crucial for any retirement plan. The AARP Social Security Resource Center offers detailed information and tools to help you make the most of your Social Security income. The center includes calculators that can determine the best time for you to claim your benefits, maximizing your monthly payments. Additionally, the Social Security Answers Video Series and the Social Security Q&A Tool provide comprehensive guidance on navigating the system.

Required Minimum Distribution Calculator

As you enter retirement, managing Required Minimum Distributions (RMDs) becomes important. The RMD Calculator provided by AARP helps estimate these amounts accurately, ensuring you comply with IRS regulations while minimizing tax liabilities. Effective management of RMDs is essential for maintaining a steady income stream without incurring unnecessary penalties.

Retirement Calculator

Planning for retirement involves more than just saving; it’s about ensuring you have enough to live comfortably post-work. The Retirement Calculator from AARP helps members determine how much they need to retire comfortably by considering various factors such as current savings, expected expenses, and potential income sources. This tool is invaluable in helping you plan for all aspects of retirement expenses and income.

Financial Planning Tools

1040 Income Tax Calculator

Tax season can be daunting, but AARP’s 1040 Income Tax Calculator makes estimating your annual income taxes much easier. This calculator helps you understand what you owe or might be owed in refunds before filing your taxes. Additionally, the AARP Foundation Tax-Aide program offers volunteer assistance or taxpayer support if you need further help with your tax return.

Interview an Advisor™ Tool

Choosing the right financial advisor can be overwhelming. The Interview an Advisor™ Tool from AARP simplifies this process by providing a structured way to assess and choose a financial advisor who meets your needs. The tool includes questions to ask potential advisors and tips on what qualities to look for in a trustworthy advisor.

Savi Student Loan Repayment Tool

Even in retirement, student loan debt can be a burden. The Savi Student Loan Repayment Tool offers a free review of your repayment and forgiveness eligibility options. This tool helps you manage student loan debt effectively by identifying potential savings through optimized repayment plans or forgiveness programs.

Fraud Prevention and Protection

AARP Fraud Watch Network™

Protecting your identity and financial information is paramount in today’s digital age. The AARP Fraud Watch Network™ provides extensive resources to help members spot and avoid scams. With a helpline, scam-tracking map, and tip sheets available, you’re better equipped to safeguard against fraud. Additionally, identity theft protection plans like LifeLock™ by Norton offer an extra layer of security for your personal data.

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