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Starting a new job is very exciting, but the transition brings with it a lot of confusion regarding benefits, particularly retirement plans such as a 401k. If you have just recently made a job switch, or are in the process of doing that, know your rights and your options.

First, 401k accounts are portable- you will take the money with you through a process called a rollover. Essentially you take the distribution of your vested balance- the total amount you accrued from your own  

Many public corporations issue stock purchase plans for their employees. Others have a match program where for each percentage that the employee contributes, the company will deposit an equal percentage of company stock into their retirement account, sometimes at a discounted rate.

In years past, we have all heard the tall stories about the average Joe getting to retire rich on company  

Clients keep asking me if there is a silver lining beneath the market turmoil and believe it or not there is not one, but two. Just as the sky high gas prices forced us all to rethink our driving habits and our daily trips, the dramatic downturn in the market has forced us all to rethink our spending habits. Who among us isn’t holding off on expensive vacations and the latest gadgets? And it’s a good thing. By putting the brakes on our excessiveness, we will all be better off by not abusing credit cards and subsequently having more money to save and invest.