AARP Home » AARP Blog » AARP »Work

Work

Posts on job-hunting, workplace issues, employment trends, starting a small business, encore careers and more.

Subscribe to this topic via: RSS

Recent WorkPosts

Is Your Employer Shortchanging Your 401k?

Posted on 03/6/2014 by | Money and Work | Comments

Bulletin Today | WorkIf you’re fortunate enough to get a company match in your 401(k) savings plan, you might be feeling lucky. Unless you’re in a plan that’s being shortchanged by your employer. According to a report from the Department of Labor, nearly 73 percent (or 2,677) of the plans it audited last year made the wrong employer match or made some other error. The upshot? A whopping $423.6 million was restored to workers’ 401(k)s last year. Among the more common mistakes: failing to account …

Guess Who’s Working From Home?

Posted on 02/25/2014 by | Money and Work | Comments

WorkIf you think women work from home more than men, maybe helping a child with homework after school or cooking dinner in between phone conferences, you’d be mistaken. More men telework and more women spend time in the office. And of those who work remotely, about 1 in 3 have no children, according to a myth-busting report released this week by the Madison, N.J., consultancy Flex+Strategy Group / Work+Life Fit Inc. The researchers surveyed 556 full-time employees in December to …

Cashing Out Your 401(k) and Living Dangerously

Posted on 02/19/2014 by | Money and Work | Comments

WorkWe all know that 401(k) savings plans are designed to help us sock away money for our old age. Increasingly, workers are tapping those funds for loans or cashing out altogether. Two reports released this month suggest that our retirement security could be undermined by our pattern of using those savings to ease our financial stress today. An estimated $6 billion annually seeps out of U.S. 401(k) plans because loans taken against them were not repaid fully, according to a …

More Boomers Are Becoming Their Own Bosses

Posted on 02/10/2014 by | AARP Executive Vice President | Comments

WorkDo you have a plan to recession-proof your life? A growing number of workers age 50-plus do, and it involves turning interests, hobbies or skills into a small business. Many older workers are using decades of experience and business connections to become their own bosses. These “encore entrepreneurs” bring to the effort a lifetime of knowledge. And their numbers are on the rise. in fact, from 1996 to 2012, Americans ages 55 to 64 had a higher rate of entrepreneurial …

Older Job Seekers Have Little Patience for Long Search

Posted on 02/6/2014 by | Money and Work | Comments

WorkWhen it comes to the stressful search for a job, older workers apparently have less tolerance for the process. Most either land a job or stop searching altogether within a year or less, according to a study by the Center for Retirement Research at Boston College. Those who have employer-paid pensions, retirement assets and Social Security to rely on were more likely to end the job hunt even sooner, usually within four months, the study found. In fact, just being eligible …

Timing of Fiduciary Rule for Retirement Plans Questioned

Posted on 01/15/2014 by | Money and Work | Comments

Bulletin Today | WorkIf you have a 401(k) or other retirement plan, you may be waiting even longer before new government standards are imposed that require your financial adviser to act in your best interest. The U.S. Department of Labor was in the final stages of preparing a proposal that would establish a so-called fiduciary standard for retirement plan advisers, which means they’d be required to put their clients’ financial interests ahead of their own when offering investment advice. A number of consumer groups …