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401(k) retirement account balances rose 32 percent in ?10
Workers who have had money in their 401(k) accounts from 2003 and have been with the same plans had average account balances of $109,723 in 2009, compared with $83,161 a year earlier, according to the report.
?Retirement savers, by continuing to invest paycheck by paycheck, saw the benefits of being in the market in 2009, as stock values generally climbed during the year,?? said Sarah Holden, senior director of retirement and investor research for ICI, a mutual fund trade group. http://www.boston.com/business/perso...rcent_i n_10/ |
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Although, people who are more than 10 years away from retirement shouldn't panic or get excited year to year, they are guaranteed to encounter good and bad years ahead of them. It just sucks for the people who are about to retire and the previous couple years the market tanks, they have no time to make it back like everyone else. That is why it is wise for people close to retirement to start moving their money into safer investments as they get closer to retirement. |
My 401(k) has done pretty decent this year. Recently started up a Roth IRA and that's performing fair as well. Over time they still seem to be pretty solid, it's the short term bangs that really kill people like Will said.
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I did great this year with stocks thanks to someone on GFY that posted Playboy @ $1 a share:thumbsup $1 went up to $5:winkwink:
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Good news.
Lucky those greedy companies pulled in big profits in 2010. |
mine went up
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Over the long haul, stocks win. Don't pull out in the short term.
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