GAO report

Changing Jobs? Beware of Bad Information About 401(k) Options

Posted on 04/8/2013 by | Money and Work | Comments

Bulletin Today | Money & Savings | WorkAbout to change jobs? If you have a 401(k) account, you’re at risk of getting bad information when you ask the company managing your retirement plan about your options. Turns out that, in some cases, the people who give advice over the phone push departing workers toward rolling over their 401(k)s into a privately owned individual retirement account (IRA) that the investment company sells. What these plan providers also don’t disclose to workers are the fees associated with that move or other …

Boomer Women Face Greater Financial Challenges In Retirement

Posted on 10/7/2012 by | Money and Work | Comments

Bulletin Today | Money & SavingsMany older women believe they face a greater threat of financial hardship in retirement than men, and that concern may not be off the mark. An AARP study, based on interviews with 4,000 people ages 50 to 64, found that women consistently reported more consternation than men about their current financial state and future outlook. Of course, the deep recession didn’t make anyone feel flush with confidence. But women were clearly more worried. “Women feel less secure because they are,” says report …