The Hard Truth About Performance Reviews

Are performance reviews sexist? New research says yes. If you are having trouble viewing this email, click here.

What motivates you to do your best work? Are you driven to beat the competition or earn your boss's praise? Or is it more an internal push to excel?  I can tell you what doesn't inspire me and many other workers: the annual performance review, that excruciating corporate exercise where you're forced to reflect on your strengths and weaknesses. It's common for women to struggle with these evaluations, since they require a degree of self-promotion that can be uncomfortable. And there's plenty of research that suggests they're not very effective, so maybe it's time to scrap them in favor of a system that focuses on concrete metrics* over the ability to toot your own horn. The "self-promotion gap" contributes to the gender pay gap and ultimately, to the retirement savings gap. Check out today's edition for recent research on performance reviews.  * Speaking of metrics, one I'm measured on is how many subscribers open this newsletter, so thank you for reading!   Best wishes, Elizabeth P.S. If you got this newsletter from a friend, sign up here for email delivery to make sure you don't miss the next issue. To listen on podcast platforms or smart speakers, click here. TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE Are Performance Reviews Sexist? New Research Says Yes They also aren't very effective. Baby Yoda is Coming to Build-A-Bear Workshop--And The Company's Stock Price Is Soaring The Child, as he is known, will make his appearance this spring. Hi, I'm an Adult Who Still Uses Personal Checks Plenty of stores still accept them, but that's not how I use mine. RETIRE WITH MONEY COMMUNITY INSIGHTS Last week we switched over to a new email distribution partner, which is why the newsletter looks a little different. Some of you have reported problems you've had with the new format--thank you! Please continue to report any issues that you experience to me at elizabeth.obrien@money.com. Our tech team is working hard to iron out all the kinks. RETIREMENT NEWS FROM AROUND THE WEB Don't Panic if You're Turning 70.5 This Year and Get an RMD Statement in the Mail Some financial institutions didn't have enough time to adjust their systems to the SECURE Act, which was passed late last year and changed the age requirement for required minimum distributions to 72. KIPLINGER Tips for Older Job Seekers Going Back to Work Ageism is alive and well in the workplace, but older workers can fight back. Listen to the podcast to learn how. AARP Find Me a Walkable, Affordable Beach Town to Spend the Winter on a Retirement Income of $95,000 A retirement writer helps a couple answer the question, where should I retire? MARKETWATCH How to Spot This Bull Market's Madoffs Before They Get Your Money Beware promises of high yields, and other sound advice for spotting frauds. CNBC ABOUT ELIZABETH Elizabeth O'Brien is a senior writer at MONEY. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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