Read the Stories

Layla

Layla - edit.jpg
I really don’t know how to transfer my 401(k), and I don’t think I’m alone in feeling this way.
“When I started my 401(k), I knew generally how it worked. I had a personal finance workshop in college, and I was also in the business school at University of Chicago where one of my professors really emphasized contributing early to a 401(k). However, I still got kind of confused about which portfolio I should pick, whether it should be a long term or short term portfolio, and other things like that. I did some research and made a decision, but I still didn’t clearly understand all my options.
“I understand 401(k)s conceptually, but the practicalities of it are not clear to me. Things like who’s managing the fund, where can I go to look at it, what happens when I go to grad school or have a new job... If you were to ask me where my 401(k) is right now, I would have to dig through my emails to find it.
“In a few months I will have to transfer my 401(k) to my new job and I really worry about this. I really don’t know how to transfer my 401(k), and I don’t think I’m alone in feeling this way. I just want to know where to go to start this process.”
Interview & photo by Nikolai Ewert

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