Carole Fleck

Improving Economy? Not for the Long-Term Unemployed

Posted on 03/26/2014 by | Money and Work | Comments

Bulletin Today | WorkWhat’s the outlook for people out of work for at least six months? Longer unemployment. Three Princeton University economists examined the status of people who reported they were unemployed for 27 weeks or more between 2008 and 2012 — and then revisited them 15 months later. Only 11 percent had found steady full-time work one year later while 30 percent were still looking. As many as 35 percent had dropped out of the labor force altogether. Another 24 percent were in …

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 …

Is It a Good Time to Find Work? Most Say No

Posted on 03/21/2014 by | Money and Work | Comments

Bulletin Today | WorkHow do Americans view today’s job market? Apparently not favorably. In a Gallup poll of 1,048 adults in March, more than two-thirds (68 percent) said now is not a good time to find a quality job. Only about 1 in 4 (28 percent) were positive about the odds of landing a position, the highest measure since the start of the economic downturn in January 2008. Older workers were even more pessimistic. Among those ages 50 to 64, about 3 in …

Money Questions? Carrie Schwab-Pomerantz Answers Them

Posted on 03/21/2014 by | Money and Work | Comments

Bulletin Today | Money & SavingsCarrie Schwab-Pomerantz (yep, Chuck’s daughter) doesn’t want you to lie awake at night, worrying about whether you’ll be able to afford to retire. Instead, she wants you to consult her new compendium for advice, not unlike the way patients thumb through a medical reference guide to learn about a particular disorder. The chapter titles in The Charles Schwab Guide to Finances After Fifty are similar to the questions in Ask Carrie, her syndicated personal finance column. Are you in your 60s and way …

IRS Owes You $760 Million in Refunds

Posted on 03/19/2014 by | Money and Work | Comments

Bulletin Today | Money & SavingsNo, it’s not opposite day. The IRS really does owe almost 1 million taxpayers like you nearly $760 million in refunds — or a median $571 for about half of those owed money. The IRS says the refunds are owed to people who didn’t file a federal income tax return for 2010. But here’s the catch: To collect the money, you’ve got to file a 2010 return with the IRS no later than Tuesday, April 15. “We encourage students, part-time workers …

Feeling Better About Retirement? Survey Says Many Do

Posted on 03/18/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsLast year’s rising stocks and recovering real estate market appear to have increased workers’ retirement confidence as well. According to an annual survey of 1,000 workers by the Employee Benefit Research Institute, 18 percent say they were very confident they’d be able to retire comfortably. That may not seem like much, but it’s a 5 percentage-point jump from a year earlier. Jack VanDerhei, EBRI’s research director and an author of the study, says the rise in confidence was among those …