IRAs & 401ks Archive

The Great Resignation: What to Do About Your 401(k)
by Christie Whitney, CFP®The Great Resignation, the Big Quit, the Extraordinary Exodus — whatever you want to call it, 4.5 million Americans voluntarily left their jobs this year, according to current government data, while job openings hover around 10.6 million. A recent analysis… Continue reading

How Small Fees Add Up To Huge Costs In 401(k) Plans
by Scott PuritzMost Americans known intuitively that they pay fees for services they get. Tipping in restaurants, for instance. But a huge percentage of Americans don’t know that they pay fees for their retirement plan at work, and that those seemingly small… Continue reading

Plugging the Investment Gender Gap At Work
by Sally BrandonIt’s an irony of life many financial planners see every day: women live longer, but they end up having less for retirement. The money has to stretch further and can sometimes run out. A big part of the problem is… Continue reading

Survey: Most Americans Have No Clue What Their Retirement Plan Costs
by Scott PuritzDo you know — really know — what you pay for your retirement plan? If you do, consider yourself in the minority. A recent Rebalance poll found that more than half of Americans (57%) believe they pay “no fees” or… Continue reading

Despite COVID-19 Related Economic Uncertainty, Retirement Balances Hit Record Levels in 2020
by Joe DalyRetirement account balances hit record levels in Q4 2020, according to a recent survey released by Fidelity. More good news: one-third of 401(k) savers increased their savings rate in 2020, while contribution rates for women in 401(k), 403(b) and IRA… Continue reading

The Problem With Investment Fees
by Sue KersbergenFees matter. Even for savvy investors who pride themselves on proactively putting money away every month, hidden investment fees can eat away at your 401(k) to the tune of millions of dollars over time. Rebalance prides ourselves on our Better… Continue reading

Best Practices for Dealing with Missing 401(k) Participants
by Sally BrandonEarlier this month, the Department of Labor released information designed to help fiduciaries meet their obligations to locate and distribute retirement benefits to “missing” and non-responsive participants. Included in one of the DOL documents, titled “Best Practices for Pension Plans”… Continue reading

Baby Steps Can Help You Meet Retirement Savings Goals
by Nicole Cervi-McKeeverDo you have plans to make big financial changes this year? If so, good for you! This is an incredibly common goal for many Americans this year, on the heels of a very financially stressful 2020. Unfortunately, it is human… Continue reading

The Toll on Small Business Retirement Savings from COVID-19
by Sue KersbergenEarlier this year as businesses and consumers alike started to feel the economic effects of the COVID-19 pandemic, there was a great deal of speculation as to whether companies would put a hold on 401(k) matches. Fortunately, according to a… Continue reading