Your Wealth & Beyond

From the 1950s through the 1970s, most Americans found a job, then stuck with it for 30 or 40 years. When they retired, they received a pension, and it provided them with a guaranteed income for life. However, in the late 1970s, the 401(k) replaced pensions - and changed that forever. Now, many of us constantly change jobs, and can amass multiple 401(k) accounts in the process. They can be scattered across different employers and custodians, and they can have different investment strategies and fees attached to them. Making sense of where they are - and what to do with them - can be more than a little confusing. On our first podcast of 2019, we dig into the many options you have if you have a number of 401(k) accounts and the advantages and disadvantages of each, as well as the worst case scenario option that you should almost never even consider. In this podcast interview, you’ll learn: How switching from pension plans to 401(k)s shifted risks in retirement from employers to employees - and why this shift f