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These accounts must be more portable. When participants change jobs, they have four options with regard to their 401(k) assets: (1) leave balances in the previous employer’s plan; (2) roll over balances to the new employer’s plan; (3) roll over balances to an Individual Retirement Account (IRA); or (4) cash out. In some cases, t…
As the post-recession job market continues to improve, so has young adults’ optimism about their future opportunities, a Federal Reserve Board survey shows. What’s poignant about this youthful optimism is that a changing labor market is making it increasingly difficult for young adults to get their careers off to the right start. Surely, they sens…