benefits

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 …

Senate Deal on Jobless Benefits Won’t Bring Fast Relief

Posted on 03/14/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsOne of the hurdles blocking the extension of unemployment insurance benefits for about 2 million long-term unemployed workers has been eliminated. A small group of Republicans and Democrats in the Senate on March 13 reached an agreement that would extend benefits for another five months – gathering enough support to prevent a filibuster by opponents. The extension would be retroactive to Dec. 28, 2013, when benefits expired. Legislators who have been against extending benefits cite the cost, which runs about …

Are You a Social Security Double-Dipper?

Posted on 03/11/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsWhen and how you claim Social Security benefits has a huge financial impact on your retirement, although many older Americans aren’t aware of all their options and lose out on some serious money, according to a survey released today by Financial Engines. The Sunnyvale, Calif.-based company found that single retirees potentially miss out on $100,000 or more over the course of their retirement, while for married couples the amount is $250,000 or higher. Financial Engines’ findings come from a recent …

What the Cut in Food Stamps Means

Posted on 02/10/2014 by |Washington Watch | Comments

Bulletin Today | PoliticsWhen President Obama signed the farm bill on Feb. 7, it meant sun and rain for food stamp recipients. The sunny side is that a $40 billion cut over 10 years proposed by House Republicans was whittled to $8.6 billion. The stormy side is that some 850,000 households, or 4 percent of beneficiaries of the Supplemental Nutrition Assistance Program, or SNAP (formerly food stamps), will lose about $90 a month to help pay for groceries. The wide-ranging law also addresses nutrition …

Will Congress Revive Jobless Benefits?

Posted on 01/8/2014 by |Washington Watch | Comments

Bulletin Today | PoliticsWhen it comes to unemployment, older Americans face a double whammy. Many face age discrimination. (About a third say that they — or someone they know — were recently discriminated against because of their age.) On top of that, employers also discriminate against job applicants who have been out of work the longest, according to Deborah Chalfie, AARP senior legislative representative for financial security. Of the unemployed, people 55 or older were out of work an average of 51 weeks, …

Budget Deficit Talks Finally Exclude Benefit Programs

Posted on 12/26/2013 by |AARP Media Relations Team | Comments

PoliticsLast week as the Senate worked to pass a bipartisan budget framework that doesn’t cut Social Security or Medicare benefits, a hearing without the same fanfare took place just steps away. In a high-ceiling, wood-paneled committee room, U.S. Senator Sherrod Brown (D-OH) chaired a hearing that might prove the more historical moment of the week. With plenty of empty chairs and a parade of bipartisan senators throughout the two hours the hearing lasted, an expert, ideologically-diverse panel that included AARP President Rob Romasco, spoke without even …