retirement

Is Your Employer Shortchanging Your 401k?

Posted on 03/6/2014 by | Money and Work | Comments

Bulletin Today | WorkIf you’re fortunate enough to get a company match in your 401(k) savings plan, you might be feeling lucky. Unless you’re in a plan that’s being shortchanged by your employer. According to a report from the Department of Labor, nearly 73 percent (or 2,677) of the plans it audited last year made the wrong employer match or made some other error. The upshot? A whopping $423.6 million was restored to workers’ 401(k)s last year. Among the more common mistakes: failing to account …

Where Are All the Workers Going?

Posted on 03/6/2014 by | AARP Blog Author | Comments

Public Policy InstituteNo doubt about it: Americans are pushing back retirement, either because they can’t afford to quit working or they don’t care to do so. For some, it is a bit of both. Labor force participation rates have been rising at older ages, even among people in their 70s, and they are projected to continue increasing. This is good news for workers, giving them more time to save for retirement and fewer retirement years to finance. It’s also good for employers …

How Does Life Get Better After 50? You Tell Us!

Posted on 03/5/2014 by | AARP Blog Author | Comments

Your LifeThe year I turned 50, I notched my fastest time ever in the Sea Gull Century — a yearly 100-mile bike ride on Maryland’s Eastern Shore that I had tackled for more than a decade. Was I a lean, mean cycling machine that year? Far from it! (See team jersey, right.) Rather, I think it took me that long to develop the mental toughness not to let the ride’s length intimidate me. “Hmm,” I thought, admiring my total time — …

Take Charge of Your Future With ‘Work and Save’

Posted on 03/3/2014 by | AARP Blog Author | Comments

PoliticsWe all dream of a comfortable retirement — time to relax, travel, learn a new language or take up a hobby. But in these tough economic times, that dream can sometimes feel a little out of reach, especially for those who work for small businesses — because most of them have no access to any type of retirement savings plan at work. In fact, 3 out of 5 households headed by someone 65 or older have no money in retirement savings accounts. …

Stock Gains Push 401(k)s to Record Highs

Posted on 02/18/2014 by | Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsLast year’s gangbuster stock market pushed 401(k) savings account balances to record highs, according to two major retirement account providers. Fidelity Investments says the average account balance at the end of last year reached $89,300, a 15.5 percent increase over the year before. For workers age 55 and older, balances averaged $165,200. Many workers roll over their 401(k) into an individual retirement account when they leave a job.  Adding up the balances of those who have both a 401(k) and …

Goodbye Ageism! Shifting an Old Stereotype

Posted on 02/12/2014 by | Caregiving | Comments

Bulletin TodayI’m positive: You couldn’t pick a better place to have an International Conference on Positive Aging this week (or any week). It isn’t just because it’s in Florida, but also because it’s specifically in Sarasota County, which happens to have the highest percentage of people age 85-plus in the nation. The event’s host, the Sarasota  non-profit foundation Institute for the Ages, recruits and engages older people and organizations to conduct research on aging issues, connecting companies with their target audience, Sarasota …