AOL

Lucky Workers Snare More Company Cash for Their 401(k)s

Posted on 03/24/2014 by |Money and Work | Comments

Bulletin Today | WorkRemember when AOL announced recently that it would pay its 401(k) matching contributions to employees in a lump sum at the end of the year, rather than during each pay period, potentially costing employees’ retirement nest eggs thousands of dollars? If workers left in November, they’d lose out on nearly a year’s worth of company contributions. Those who stayed forfeited any gains made throughout the year. The tech company was forced to reverse its policy after an outcry by employees. (Criticism …

Facebook, Others Scale Back 401(k)s

Posted on 02/14/2014 by |Senior Editor, Money Team | Comments

Money & SavingsIt’s bad enough that employers are doing away with traditional pensions and adopting 401(k)s that foist all the investing decisions onto workers, leaving them vulnerable to the vagaries of the market. Now, according to an analysis by Bloomberg, it appears that many big companies have gotten stingier with their 401(k) matching contributions and vesting schedules. These include IBM, Hewlett-Packard Co., Oracle Corp., Caesars Entertainment Corp., JP Morgan Chase & Co., Whole Foods Market Inc.  and Facebook. (Facebook, Bloomberg reports, gave …

AOL Reverses 401(k) Policy After Blowback

Posted on 02/10/2014 by |Money and Work | Comments

Money & SavingsLike boomers (and all workers, for that matter) don’t have enough to worry about when it comes to saving enough for retirement. Now actions by AOL’s Tim Armstrong may be setting a dangerous example for other companies to follow. First, the chief executive of AOL told employees Thursday he was changing the company’s 401(k) match to a year-end lump sum contribution rather than contributions throughout the year. Leave before Dec. 31, 2014 (voluntarily or involuntarily), and you lose out on …

Eggers’ New Novel Is the Story of Our Times

Posted on 09/25/2013 by |AARP Blog Author | Comments

EntertainmentIf you’ve ever wondered what it would be like to work for Google, Facebook or even AOL (as I once did), you’ve got to read Dave Eggers’ new novel, The Circle. The 24-year old protagonist, Mae Holland, thinks she’s reached Nirvana — and who wouldn’t? The Circle, the Internet company where she’s just landed a job, lavishes cool perks on employees: brownies in the fridge,  clean, well-lit workstations, and a company store that stocks pharmaceutical-grade aloe. It takes a few …

Don’t Tweet Me

Posted on 07/8/2011 by |Movies & TV | Comments

EntertainmentThe President of the United States held the first-ever Twitter press conference recently, and while it’s true the event did not mark the end of Western Civilization, it did lead me to believe that when the end comes, the last living historian will Tweet: “2bad :(” There was one heartening aspect to the White House exercise, however: Although the questioners all stuck to Twitter’s 140-character-max requirement, the Tweeter-In-Chief responded in actual unlimited, thoughtful sentences, fully understanding that unless you happen …