Q. I didn’t realize it, but my employer was taking less out of my paychecks than I thought for my 401(k). I only contributed $13,000 for 2015, but I wanted to do the max. Is there anything I can do?
AOL Corp. CEO Tim Armstrong has abandoned an unpopular plan to delay company contributions to employee retirement accounts and apologized for citing two high-cost births as part of the impetus for the plan.
It's no secret that many companies across the country and right here in New Jersey are looking to cut costs. In fact, many are changing the way they contribute to 401K plans in an effort to do so.
Sometimes you just don't have a choice. With a national unemployment rate still above eight percent, and more displaced workers since the start of the recession, a recent survey from Transamerica Center for Retirement Studies found more than a third of laid-off workers had to raid their retirement savings to make ends meet.