401(k)

Add Adjusting Your 401(k) to End-of-Summer Plans

Posted on 08/26/2014 by |Money and Work | Comments

Bulletin Today | Money & SavingsNow that we’re past the midyear of 2014, it’s a great time to review your retirement savings plan to make sure you’re on track. If you’re not contributing enough or haven’t rebalanced your portfolio since George W. Bush was in office, you have the remainder of the year to make some adjustments. You probably already know that you can sock away as much as $23,000, which includes $5,500 in catch-up contributions for people 50-plus, in your 401(k) plan. However, if you’re using …

Fed Report Paints Dreary Retirement for Some

Posted on 08/11/2014 by |Money and Work | Comments

WorkFive years after the Great Recession, many Americans say they’re still struggling to get by financially. Nineteen percent of adults ages 55 to 64 say they have no retirement savings or pensions to fall back on, according to a survey by the Federal Reserve. Also troubling was that an additional 20 percent of people age 60 and older say they’ve given no thought at all to planning for their retirement. That was also the case for about 19 percent of …

Ránking de los mejores planes de jubilación en EE.UU.

Posted on 07/28/2014 by |AARP Blog Author | Comments

En EspañolPara la mayoría de los trabajadores estadounidenses, los planes de 401(k) que proporcionan sus empleadores son el vehículo de ahorro primario de su jubilación. Pero su funcionalidad y generosidad varían dependiendo de la empresa para la que trabajen. Un estudio reciente de Bloomberg pone sobre relieve los mejores y peores planes de retiro. En la parte superior de la lista están ConocoPhillips, Boston Scientific y Visa, que ofrecen a los empleados aportes generosos. Al final de la tabla aparecen Facebook, …

Facebook No Friend of Its 401(k), Survey Says

Posted on 07/22/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsConocoPhillips Co. has the best 401(k) plan for workers, while Facebook Inc., Amazon.com Inc. and Whole Foods Market Inc. offer some of the worst, according to a Bloomberg News survey of the 250 largest public companies in the country. In fact, ConocoPhillips’ plan is so generous – contributing 9 percent of workers’ pay if workers kick in 1 percent – that after 35 years an employee can end up a multimillionaire, Bloomberg said. According to the Houston-based oil and gas producer’s own …

Boomers: Save ‘Til It Hurts

Posted on 07/10/2014 by |Online Executive Producer | Comments

Money & SavingsOwn Your Tomorrow. OK, so even though that’s the tagline for Charles Schwab’s new advertising campaign, the message also rings true for the millions of Americans age 50 and older who need to keep their saving for retirement on track and take their financial future into their own hands. As part of an Opinion Leader speaker series at the Washington, D.C., headquarters of AARP, incoming CEO Jo Ann Jenkins and Charles Schwab Foundation President Carrie Schwab-Pomerantz discussed the roles that employers, schools and …

Stay or Roll: When to Put a 401(k) Into an IRA

Posted on 06/26/2014 by |AARP Blog Author | Comments

Money & Savings | Your LifeBloomberg News recently wrote about brokers profiting by advising retirees to roll their 401(k) accounts into IRAs. Many of the retirees interviewed said they lost a lot of their savings from investments subsequently recommended to them. But this doesn’t mean you shouldn’t consider transferring your 401(k) money into an individual retirement account (IRA). Here’s how to decide: First, a little background. A 401(k) account is an employer-sponsored plan that allows the employee to save and invest, typically receiving a tax benefit when the contribution is …