401(k) retirement account balances rose 32 percent in ?10

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  • dyna mo
    just a fucking jerk
    • Dec 2008
    • 68517
    #1

    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...percent_in_10/
    Tags: None
    • will76
      Making $$$$ w/ ClickCash
      • May 2003
      • 18037
      #2
      Originally posted by dyna mo
      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...percent_in_10/
      2010 the market has rebounded pretty good. Lets hope it stays that way and you wont be posting an article this time next year about people losing 1/3 of their retirement money

      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.
      ICQ: 86364801 Email: will [at] innovativeassets [dot] com

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        • Sly
          Let's do some business!
          • Sep 2004
          • 31380
          #3
          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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            • DBS.US
              Geo Cities
              • Aug 2003
              • 11842
              #4
              I did great this year with stocks thanks to someone on GFY that posted Playboy @ $1 a share $1 went up to $5
              Last edited by DBS.US; 11-27-2010, 12:21 PM.
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                • IllTestYourGirls
                  Ah My Balls
                  • Feb 2007
                  • 14311
                  #5
                  Good news.

                  Lucky those greedy companies pulled in big profits in 2010.

                    Comment

                    • GAMEFINEST
                      Make STACK$
                      • Nov 2006
                      • 14474
                      #6
                      mine went up
                      Compound interest.

                        Comment

                        • $5 submissions
                          I help you SUCCEED
                          • Nov 2003
                          • 32189
                          #7
                          Over the long haul, stocks win. Don't pull out in the short term.

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