Mark Miller of the New York Times invites Rebalance Managing Director Scott Puritz onto his Retirement Revised podcast to discuss stranded 401(k)s. On the podcast, Scott reveals exactly why investors should usually rollover their 401(k) accounts (especially if there are multiple) into their rollover IRA. Scott sums up the reasoning thusly: “The 401k system is… Continue reading →

As companies look to cut costs amid the coronavirus pandemic, many of them have or will soon stop matching their employees’ 401(k) contributions. That can make it harder for you to stay on track with your savings. During the financial crisis of 2008-09, nearly 1 in 5 employers that offered a 401(k) plan match pulled… Continue reading →

Tens of millions of Americans have lost their jobs as the coronavirus ravages the economy, bringing the unemployment rate to a Great Depression-level 14.7 percent — and many are looking for emergency lifelines to meet living expenses. Retirement accounts will be a tempting option. Last year, about 63 million households had defined contribution plan accounts, and… Continue reading →

Found money is exhilarating, even more so when it actually belongs to you. Every few years the same story pops up in the media — how to claim “lost” bank accounts or other assets, such as old stock certificates. Usually the reporter interviews someone who has discovered a derelict savings account owned by a deceased… Continue reading →

Jay Vivian, former managing director of the IBM Retirement Funds, on why rolling over your 401(k) is important. Continue reading →

Chris Arnold is a reporter with NPR who has a knack for explaining the complexities of investing in simple, plain English. In the ongoing fight for greater consumer protections, NPR produced a segment that highlights the intricacies of the fiduciary rule, and approached me for my “industry insider” opinion. It was my honor to speak about the… Continue reading →

An amazing 40 percent of American workers will be classified as freelancers by 2020, according to the Bureau of Labor Statistics. Once the province of recent graduates and those “in between” jobs, the wave of the future seems to be contract work as a long-term career for millions of Americans. And because of this trend,… Continue reading →

The history of the most common American retirement plan — the workplace 401(k) — is long, but the essential idea is simple. Save money today and lower your current income taxes. Put in pre-tax money while you are working and take money out later, and pay the income taxes when you take money out in… Continue reading →

Workplace retirement plans get a lot of bad press, primarily small company plans loaded with high fees. But, truth be told, 401(k)s have been a boon to millions of Americans with access to them. In total, 55 million savers held $5.3 trillion in these plans at the end of 2017, according to industry data. Put… Continue reading →