Who’s Feeling Better About Retirement?

Last 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 …

AOL Reverses 401(k) Policy After Blowback

Like 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 …

Is Your State a … Weakling?

Politico Magazine has tallied the numbers, and the Oscar for best state goes to … New Hampshire. Actually, the magazine’s ranking is pegged to a different winter event: the president’s annual State of the Union address. Here’s what Politico‘s Margaret Slattery has to say: Tuesday, President Obama, if precedent holds, will declare that the state of America’s union is “strong.” Is it? One way to judge is by the state of the states of the union: How strong are they, and, …

Tools to Shore Up Retirement Savings

The road to retirement may seem uncomfortably short, particularly if you’re in your 50s and haven’t saved much. The latest Federal Reserve data shows that households with people ages 55 to 64 have accumulated a median $120,000 in retirement savings. That amounts to about $400 to $500 a month in income, according to a CNBC report, on top of the average monthly Social Security benefit of $1,294. If you’re 10 to 15 years out from your projected retirement date, it’s …

Free Advice for Job Seekers

A big job placement firm is offering job seekers, and workers who want to transition into another position, free call-in advice in December. >> Sign up for the AARP Health Newsletter John Challenger, CEO at Challenger, Gray & Christmas, says job counselors will offer strategies to help people become more effective in their search. It’s happening on Dec. 26 and 27, from 9 a.m. to 5 p.m. Central time (phone number 312-422-5010). More information about the annual call-in is available at …

Learn More + Earn More = Live Longer?

How long you live has a lot to do with income and education. That’s the message from experts who testified on Nov. 20 at a U.S. Senate hearing on “Dying Young: Why Your Social and Economic Status May Be a Death Sentence in America.” >> Sign up for the AARP Money newsletter. As Steven Woolf, M.D., the director of the Center on Society and Health at Virginia Commonwealth University, put it, “the lower people’s income, the earlier they die and …