RadioShack Will Stop Matching Workers’ Retirement Contributions Next Year

RadioShack Will Stop Matching Workers’ Retirement Contributions Next Year

RadioShack, the electronics retailer that once called itself “America’s Technology Store” and now wants to repair your cracked iPhone screen, is willing to try just about anything to stay in business. While they negotiate with lenders for permission to close more stores, the chain announced that it will end matching contributions to employees’ retirement plans as of February 1, 2015. [More]

AOL CEO Regrets Blaming Benefits Change On “Distressed Babies,” Reverses Unpopular Move

AOL CEO Regrets Blaming Benefits Change On “Distressed Babies,” Reverses Unpopular Move

Late last week AOL’s CEO Tim Armstrong announced that the company would be delaying company contributions to employee retirement accounts. That was enough to make workers grumble already, but then he added that the shift was partly due to two specific employees who had “distressed babies.” That didn’t go over so well, and the company has now reversed the benefits shift. [More]

How To Not Suck… At Picking A Retirement Plan

How To Not Suck… At Picking A Retirement Plan

Taxes now or taxes later? Unfortunately, “No taxes at all” isn’t an option. But when it comes to your retirement savings, you do have some control over when you pay Uncle Sam. [More]

(HelloWallet)

Americans Racking Up Debt Faster Than We Save For Retirement

This seems to be the week for sad news about Americans and our retirement-saving behavior. A new study shows that while we might be sticking money in our 401(k) plan like dutiful money squirrels, in general, Americans aren’t doing ourselves any favors for retirement as we rack up debt at a higher rate than we sock away money. [More]

Ask Tax Dad: Overfunded 401(k), Living In My Rental Property, And More Tax Returns For Dead People

Ask Tax Dad: Overfunded 401(k), Living In My Rental Property, And More Tax Returns For Dead People

Usually, our staff Certified Tax Cat handles readers’ questions about taxes, but he’s currently at a Warby Parker showroom shopping for some even less fashionable glasses. Filling in for him is Laura’s dad, a retired accountant and real live independent tax preparer. Exclusively on Consumerist this spring, Tax Dad answers your questions. [More]

Your 401(k) May Actually Be Worth Something Again

Your 401(k) May Actually Be Worth Something Again

We know a lot of people simply stopped looking at their quarterly 401(k) account statements a few years ago, hoping and praying the market would eventually recover and they would someday see all that money lost when the economy went SPLLLAATTT!!. Well, it may be time to take a peek at your next statement, as the latest numbers show very positive signs of recovery. [More]

How To Roll Over A 401(k) To An IRA

How To Roll Over A 401(k) To An IRA

When you leave a job, it’s important to make sure the cash you stashed in your 401(k) follows along. Some are tempted to cash out the account and suffer the penalty, but the savvy choice is to roll it over into a new account. [More]

One Man Explains Why He Stopped Contributing To His 401(k)

One Man Explains Why He Stopped Contributing To His 401(k)

Just about every financial expert tells you not only to contribute to a company 401(k), but make sure you pay in enough to receive the company match. We can’t argue any differently, but tough times and changing priorities can make compelling arguments for dropping contributions. [More]

Avoid These 3 Retirement Plan Mistakes

Avoid These 3 Retirement Plan Mistakes

You’ll be excused for worrying more about your day-to-day financials than those of your future, 65-year-old self. But it’s important not to let your 401(k) or other long-term investments become afterthoughts. One reason to think big-picture is that decisions you make in retirement investments now will have ripple effects that turn into tidal waves in your golden years. [More]

More People Using 401(K) Funds As Piggy Banks

More People Using 401(K) Funds As Piggy Banks

Even though the economy has begun to demonstrate occasional signs of life, many Americans are still feeling the sting of those darkest days. Millions of homeowners are struggling to pay mortgages they can’t afford and those that have walked away from underwater loans now have battle-scarred credit reports. So in order to stay afloat, more consumers are taking loans from their own retirement savings. [More]

Bill Aims To Stop People From Using 401(K) As A Piggy Bank

Bill Aims To Stop People From Using 401(K) As A Piggy Bank

A recent study found that a record number of people (around 28%) with 401(k) retirement funds had loans (averaging $7,860) outstanding on them in 2010, meaning that these same folks will not have as much money set aside when it does come time to retire. That’s why a pair of Senators have introduced legislation that would make it more difficult for people to tap their 401(k)s. [More]

Fidelity Sent Me Someone Else's $300,000 Retirement Savings

Fidelity Sent Me Someone Else's $300,000 Retirement Savings

Douglas received an unexpected delivery from UPS last week: a check from Fidelity Investments made out to Vanguard Fiduciary Trust Company for over $300,000, along with a bunch of 401(k) rollover paperwork that included the real account holder’s address, date of birth, SSN, and phone number. [More]

An Argument For 401(k) Minimizing

An Argument For 401(k) Minimizing

Just about every financial adviser demands you max out your 401(k) contributions, at least to the percentage your employer matches, which is why it’s refreshing to see a rare counter-argument. [More]

Common 401(k) Mistakes To Avoid

Common 401(k) Mistakes To Avoid

Christian personanl finance blog Redeeming Riches offers four revelations on how you may be mistreating your 401(k).

Should I Reduce My 401k And Put The Money Toward Credit Card Debt?

Should I Reduce My 401k And Put The Money Toward Credit Card Debt?

Given the state of the economy today, is it better for me to reduce my 401k to a minimum and use the extra funds to pay off my credit card debt? This is a good time to put money into the markets, based on my admittedly limited understanding, but with interest rates going through the roof (my personal Chase card went from 12.99 to 23.99), I would like to kick down my cc debt (now at around $6,000) faster. I’m currently only putting 6% in my 401k, and I’m fairly young (35). Have you advice for me?

How Does The Chrysler Bankruptcy Impact Your Mutual Fund?

How Does The Chrysler Bankruptcy Impact Your Mutual Fund?

What impact does the Chrysler bankruptcy have on regular investors who hold bond funds? Most likely little to none, it turns out. Consumer Reports points out that most mutual funds have been avoiding Chrylser, GM, and Ford debt for years now—and if your fund does include Chrysler, it’s probably a tiny portion of your overall investment.

Personal Finance Roundup

Personal Finance Roundup

Our weekly roundup of the best personal finance news. Inside: Good charity-dar, scam detection, snow-removal tactics, rebuild your 401k, and warnings about store credit-cards.

Getting Married, What Do I Do With My Money For Now?

Getting Married, What Do I Do With My Money For Now?

WooHoo! I got a job! Right out of college and everything. With an awesome sign-on bonus! Now what am I supposed to do with all this money? I know I have options. Stock Market (HA!), bank, and under my pillow. I would put it in the bank but I have a wedding coming up in less then a year to pay for and I want to know my options for making good quick investments. Please help!