AARP & Wall Street - Senior group relationship with Wall Street reveals hypocrisy.

Op-ed ^ | 2/11/5 | Adam Dubitsky

[PrivatizeIt]

...The beneficiaries of an order that now lies in tatters, many of its leaders gone or on the run, unwilling to compromise in any way, these dead-enders have publicly vowed to fight to the last. Yet as the recent election attests, they are on the wrong side of history; voters overwhelmingly ignored their scare tactics and cast ballots for personal freedom and responsibility and against government control.

I am referring, of course, to the debate over private Social Security accounts.

Let’s be clear: Opposition to the option of private Social Security accounts is driven by political and ideological self-interest, not economics.

...Before AARP members make up their minds about President Bush’s proposed private account option, they may want to peruse another AARP document: Its consolidated financial statement.

When it comes to its own finances and its employees’ retirement security...[AARP] keep[s] their money far from where their political mouths are; two hundred and twenty-five miles away on a street in lower Manhattan, to be exact.

There are thus, two AARPs – One, an überlobby woefully out of touch with the values of its membership, that takes the back of a shrinking band of politicians whose power is derived by fostering dependence on a distant federal government. The other, a sophisticated 21st century corporation providing valuable services for millions of older Americans and that entrusts its financial future to the capital markets...

It’s time for AARP to live up to their credo and stop opposing the very system of private accounts that has served their members and employees so well.

[EagleUSA]

Let’s be clear: Opposition to the option of private Social Security accounts is driven by political and ideological self-interest, not economics.
======
Could not be any more accurate. And underline "self-interest".

[MikefromOhio]

there is a big big big reason my neither one of my parents will ever join the AARP....

[elbucko]

The AARP is doing a "test run" of President Bush's Social Security plan? What a surprise! And what a burden of hypocrisy. The AARP talks out of the left side of its mouth, but keeps its "right" hand on its wallet.

[Grampa Dave]

The link below shows the incredible two faced lies by AARP.
This link takes us to the AARP/Scudder investment site.

At this link there 38 Scudder Mutual Funds approved by AARP.

If investing in the stock market was so dangerous, why does AARP lend its name to Scudder for these 38 funds and have a joint web site?

http://aarp.scudder.com/aipt/index.jhtml?content=/aipt/funds/facts/index.jhtml

Please send this to your email lists and any organization which stands against AARP re social security reform.

http://aarp.scudder.com/aipt/index.jhtml?content=/aipt/funds/facts/index.jhtml

If you know anyone who owns the funds, you might want to suggest they sell the funds and send the AARP scare stance to the fund managers and CEO of Scudders.

http://aarp.scudder.com/aipt/index.jhtml?content=/aipt/funds/facts/index.jhtml

[freeholland]

Just received from my friend, JB Williams, author and website owner/mgr.

http://www.jb-williams.com/

"Can anyone guess which voting block in America has the highest average rate of return on their retirement plan?
If you guessed members of congress, you would be right! Averaging above 12% per year...
Can anyone guess which voting block in America has the lowest average rate of return on their retirement plan?
If you guessed us, you would again be right! Averaging below 2% per year...
Can anyone guess which group has a "privatized" retirement plan?
Right again, members of congress...
Here's the kicker... Can anyone guess who wants to keep it this way?
Almost right... Yes, half of the members of congress, but also half of us as well...
Now for the tough question...
Can anyone explain why????"

[Ernest_at_the_Beach]

Good one.

[Grampa Dave]

Isn't this amazing.

AARP is attacking GW's SS reform as risky. While they are in partnership with one of the biggest mutual fund companies in America, Scudder.

Maybe we should send letters to the SEC and ask them why AARP is pushing 38 mutual funds while attacking similiar investments for social security!

[Liz]

.....we should send letters to the SEC and ask them why AARP is pushing 38 mutual funds while attacking similiar investments for social security!......

EMAIL HERE enforcement@SEC.gov

[JOE43270]

They AARP can shove off. A few years ago a bunch of National Rifle Assoc. members that were much older than my Fiftyfour years turned in their AARP cards because the AARP was putting money into anti-gun issues. I listen to my elders and I refuse to join AARL and they can keep all their discounts for hotels and everything else. This life member of the NRA and a participant in the Ohio Public Employees Retirement system, which is the sixteenth best in the world wants Social Security privitized. I also have the mininum forty quarters that are required for SS and if they would let me I would privitize that too.

[MeekOneGOP]

[CDHart]

My husband and I decided not to join AARP, although so many people say you can save money on your car insurance, etc. I think the AARP operates along the lines of the NAACP -- it doesn't really want its members to think for themselves.

Carolyn

[SierraWasp]

Ha Ha Ha!!! Grampa Dave has absolutely "PULLED THE COVERS" offa the Commonist Staff of AARP!!!

Now they'll be known as the American Association of Ripped off People!!!

[ShadowDancer]

Really, this is just getting too easy.

[Grampa Dave]

I have been saving this data for the appropriate time.

If you want to shut up an ARRP idiot who is ranting about GW wanting people to gamble ask him if hesheit has invested in one of ARRP/Scudder's 38 mutual funds.

If they know about the funds, they suddenly look like a mule just double kicked them in the chest. If they don't know, and you tell them about them, you get to be the mule doing the kicking.

[Grampa Dave]

Ernest or Meek would one of you please post the home page of this link as the lawyers who control my url won't allow it.

http://aarp.scudder.com/aipt/index.jhtml?content=/aipt/funds/facts/index.jhtml

Then please ping the guilty parties here. Thanks

[MeekOneGOP]

Home page? Guilty parties?
????

[SierraWasp]

"hesheit"

I humbly bow to your supreme excellency in wordsmithy and high and mighty "GOTCHA" prowess!!! You are the predatory, predominant, premeditory, gotchaguy of all times!!!

Bravo! Encore!! Take bows and punch that fist in the air!!! You da man!!!

[nutmeg]

Great catch, Grampa Dave... I will ping my list!

[nutmeg]

Check out Grampa Dave's post #5

Please FReepmail me if you want on or off my ‘miscellaneous’ ping list.

[Coleus]

Sign the Grassroots Petition: No Thanks, AARP!

My sentiments about republicans who are members of AARP are on my homepage.   Don't let anyone fool you,  many republicans or so-called republicans are members of this group and like it. How do I know. I know people from my very own republican club who go to their meetings and buy their insurance!  

 

 

AARP? Not For Me! From bogus surveys designed to promote a hidden liberal agenda to actively promoting liberal causes like gay marriage, the AARP has become one of America's most active liberal lobbies -- at the expense of seniors and their families. As a result, more and more Americans are standing up to the AARP and saying "enough is enough!" Join the growing grassroots movement and voice your opinion on the AARP! Click here to voice your opinion today!

 

Did you know that the AARP has received over $1 BILLION in taxpayer dollars over the past 20 years?
	Stop Government Funding of AARP

[Grampa Dave]

Meek would you please copy the AARP/Scudder investment home page on this thread and then please ping me.

It might be great as a stand alone thread.

[Deetes]

BTTT

[MeekOneGOP]

Fund Facts

Now you can choose from 38 mutual funds – all managed by Scudder – and all with the advantages of no-load investing. The current mutual fund offerings from the AARP Investment Program from Scudder Investments are listed below. See prospectus for fees and expenses that do apply.

  

Scudder offers you a family of mutual funds - and the specially created AARP Class of shares - designed to help you meet varied investment objectives. Each of our funds is no-load. You pay no commissions to buy or sell shares or to exchange from one fund to another. We have no annual 12b-1 fees, which many funds charge to support their marketing efforts. See prospectus for fees and expenses that do apply.

In keeping with our goal of helping people start or expand their personal investment portfolios easily, the AARP Investment Program from Scudder Investments offers among the lowest minimum investment requirements of any mutual fund family.

Type of Account	Minimum Initial Investment	Minimum Additional Investment
Individual Retirement Accounts (IRAs)†	$500	$50
Gift to Minors Accounts†	$500	$50
Non-Retirement Accounts*	$1,000	$50
Scudder Money Market Series: Prime Reserve – Class AARP shares	$10,000	$50
Scudder Money Market Series: Premium – Class AARP shares	$25,000	$50
All other funds*	$1,000	$50

An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in them.

† Lower minimums do not apply to Scudder Money Market Series: Prime Reserve – Class AARP or Scudder Money Market Series: Premium -- Class AARP shares .  
 
* For these funds, you may open an account with as little as $500, if you have an Automatic Investment Plan, Payroll Deduction Plan or Direct Deposit Plan with a monthly investment of at least $50. This does not apply to the Prime Reserve – Class AARP shares or Scudder Money Market Series: Premium -- Class AARP shares. The Automatic Investment Plan does not assure a profit or protect against loss in declining markets.

29480A (1/05)

Risk Considerations

Investments in mutual funds involve risk. Some funds have more risk than others, such as those investing in gold related securities, which are subject to market price movements, regulatory changes and economic conditions as well as adverse political and financial factors. Furthermore, there are additional risks associated with investing in non-US companies, high-yield bonds, emerging markets, aggressive growth stocks, non-diversified/concentrated funds and small-, mid- and micro-cap stocks which are more fully explained in the prospectuses. Please read the prospectus for more information.

Read The Prospectus
To obtain a prospectus, download one now, or call Shareholder Services at (800)253-2277. We advise you to carefully consider the product's objectives, risks, charges and expenses before investing. The prospectus contains this and other important information about the investment product. Please read the prospectus carefully before you invest.

NOT FDIC/NCUA INSURED      NO BANK GUARANTEE      MAY LOSE VALUE

Scudder Distributors Inc.

Scudder Investments is part of Deutsche Asset Management which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Asset Management Inc., Deutsche Asset Management Investment Services Ltd., Deutsche Investment Management Americas Inc. and Scudder Trust Company.

©1996-2005. (My News from Reuters, Copyright © 2005 Limited.) All rights reserved.

[MeekOneGOP]

There ya go, Grampa - #24 .....

[roaddog727]

Put-your-money-where-your-mouth-is and
Do-as-I-say-and-not-as-I-do
Bump

[Beckwith]

AARP is nothing but a marketing company whose mission is to sell stuff to retirees.

[Grampa Dave]

Thank you!

Too bad that AARP doesn't believe in investing in the stock market for retirement. (sarcasm off).