The Fed and How It Got That Way Here is a quick history of the Federal Reserve and an overview of what it does. Related Content Choices for Your 401(k) at a Former Employer Individuals have three basic choices with the 401(k) account they accrued at a previous employer. Preparing for the Expected You can plan ahead to protect yourself and your family against the financial consequences of deteriorating health. Risk Perspective Is it possible to avoid loss? Not entirely, but you can attempt to manage risk.