What Does COVID-19 Mean For Our Personal Finances?

The COVID-19 pandemic has caused global disruption and brought an unprecedented level of uncertainty to daily life. Beyond health concerns, the short- and long-term impact on people’s personal finances is another major concern. With many businesses completely closed and others having to furlough or lay off employees, people across the country are finding themselves in difficult financial situations. To better understand the impact of the pandemic on Americans’ personal finances, Quicken Inc conducted a survey earlier this month of more than 1,300 adults in the U.S. 

What Is Vesting and How Does It Work in a Retirement Plan?

Many companies offer an employer-sponsored , such as a 401(k) or 403(b), and match a portion of their employees’ contributions. The company match is often referred to as free money, and it’s a great perk. But if you’re starting a new job, you’ll want to review the plan’s vesting schedule—the rate at which the company’s contributions become yours to keep.