News Release, April 23, 2009

Smart401k® Hires Impact Communications to Promote 401(k) Review Services

Scott Revare, CEO and co-founder of Smart401k® (www.smart401k.com), today announced the hiring of Impact Communications to promote the firm’s advice services for employees who invest in employer-sponsored retirement plans.
Read more.

RetirementRevised.com, April 22, 2009

Scott Holsopple, interviewed for this retirement Web site, addressed the issue of what to do if your employer’s 401(k) has been reduced (but not eliminated.) “…it makes sense to continue contributing to the level of your match. Or, if you’re married, make sure your spouse is contributing enough to get the full employer match.” Read more. 

AARP Bulletin, February 2, 2009

Scott Revare was quoted by journalist David Burge in his article Swallow Hard: What To Do If Hard Times Scramble Your Retirement. Speaking of the trend of struggling corporations to suspend their 401(k) matches, Scott says, “Even though they've taken away the match, you still have to save for retirement. “It makes your portion of the contribution all the more important - and the contribution ceilings are higher than those for IRAs.” With regard to how you invest your contributions, it depends on how much time you have before retirement. "The key thing is how much time you have to wait out this market decline," Revare said. "This is obviously a very severe recession we're in now. Over time, in every other situation we've ever had, the market has eventually reached new highs." 

El Paso Times

El Paso Times, January 11, 2009

In Smart Money Moves for 2009: Get Back to Financial Basics, David Burge offers readers some financial tips. In addition to building an emergency fund and paying off credit card balances, delaying large purchases and continuing to save for retirement. He quoted Scott Revare, who suggests taking a look at your workplace retirement plan sometime soon. Often retirement plans add or drop mutual funds as investment choices at the beginning of the year. “Usually, the new funds coming into a plan are the best-performing funds,” Revare said. “Even the best mutual funds ‘took a beating’ in 2008. What's important is to look at how you're diversified and allocated across different types of funds.”

El Paso Times, January 4, 2009

David Burge’s article Create Emergency Fund, Experts Urge explores ways people can save money, both for emergencies and for retirement. Scott Revare, a frequent expert resource for journalist David Burge, said now is the ideal time to contribute to a retirement savings plan such as a 401(k). “Stock prices for many blue-chip companies are where they were 10 years ago. The ideal time to contribute to your 401(k) is when the market is relatively low. “Stocks are the only thing people don't like to buy when they're on sale.”

El Paso Times, September 21, 2008

In Penalties for Cashing in 401(k) Avoidable, David Burge explores options for what to do with 401(k) investments when changing jobs. Scott Revare, interviewed for the article, said cashing out your 401(k) doesn't make sense financially. The only ‘viable options’ are to roll your money into an IRA, keep it where it is with your old employer's plan or roll it over into your new employer's plan. “It's not an easy decision," Revare said. "There's no slam-dunk answer. We usually counsel people to roll their money into an IRA so they have more fund choices and more control over their account.”

El Paso Times, August 17, 2008

David Burge interview Scott Revare for his article, Despite Tough Times, Keep on Saving. Revare’s advice was to keep on saving, and not to cut back. “It's tax-deferred; it takes less of a bite out of your paycheck than other ways of saving because it's coming out on a pretax basis,” Revare said. “Plus, there's the employer match.”

El Paso Times, July 20, 2008

In Weigh Risks of Stock Market Volatility, journalist David Burge looks at what advisors should do in the emerging bear market. He quotes Scott Revare, who said, “If your time horizon for investing is more than five years and you have a diversified portfolio, ‘stick to your guns.’” He added that if your time horizon is less than five years, you should be in more conservative investments.

El Paso Times, July 13, 2008

Scott Revare was quoted in David Burge’s article, Economy Magnifies Retirement Trepidation. Revare advises against early withdrawals from one’s 401(k) and encourages people not to stop their regular contributions - even during tough times.

Wall Street Journal, August 30, 2006

Smart401k was listed as a resource for consumers in the article More Employers to Offer Advice on 401(k) Plans. The article discussed the legislation that had recently been signed that encouraged employers to offer 401(k) investing advice to their employees.

What’s New in Benefits & Compensation, June 1, 2005

Scott Revare was quoted in Increasing Employees’ Retirement Savings: Strategies That Work, in this newsletter for corporate benefits managers. “Encouraging folks to budget what they need now makes it easier to get them to set savings agendas, too.”

Doctor’s Digest, June 1, 2005

In an article comparing the two basic types of retirement savings, Scot Revare advocates the use of a diversified portfolio.

Portland Press Herald, May 17, 2005

Founder and Chief Investment Officer Scott Revare comments on the common mistakes people make with their 401(k) plans. 

The Sacramento Bee, May 15, 2005

Scott Revare states that individuals must take control of their own retirement planning.

Kiplinger's Money Matters, October 31, 2005

Smart401k was mentioned in an article entitled Paying for 401k Advice Might Just Pay Off as being a resource for people who want help managing their 401k investments and aren’t getting the support they need from online retirement tools or general investing advice. The investors profiled in the article wanted specific recommendations on which of their plan’s funds they should invest in and what the allocations should be - and got that with Smart401k. Read more.

Associated Press, April 24, 2005

Scott Revare offers a few tips for keeping track of your 401(k) investments. The article appeared in over 50 high profile publications across the country.