Tens of millions of Americans are out of work as a result of the COVID-19 pandemic and associated shutdowns. Once the economy restarts in earnest, chances are many of them will return to different jobs, even different careers. That kind of monumental shift in the economy will be an acceleration of an already common experience… Continue reading →

In light of the continuing pandemic, Congress has temporarily changed the rules on hardship withdrawals from your 401(k). It’s easier to take money out penalty-free, up to $100,000, and you can pay it back and avoid the tax hit. But should you even think about raiding your 401(k) plan? Vanguard, the investment firm founded by… Continue reading →

Bethesda, MD – Rebalance, a mission-driven investment firm committed to making premium financial management services affordable and accessible to everyday investors, can now provide small businesses with an alternative to expensive 401(k) services, thanks to its newly-announced strategic partnership with EPIC Retirement Plan Services (RPS). The Rebalance/EPIC RPS partnership provides small businesses with access to the… Continue reading →

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 →