D.R. Harris & Co.

The recent bankruptcy of Steward Health Care—a significant event in the healthcare sector—has perhaps cast a feeling uncertainty over your professional and financial future. Whether you've been laid off, reassigned, or are facing potential changes, it's essential to approach this transition with clarity and purpose.

If you work in healthcare and participate in a 457(b) or 409(a) retirement plan, the financial health of your employer — especially if it's a nonprofit hospital — is more than just background noise. It could directly affect your retirement savings. While most people assume that once their money is set aside for retirement, it's safe, these particular types of deferred compensation plans work a bit differently.