Benefits November 20, 2008
Boomers Fret about 401(k) Account Balances
November 19, 2008 (PLANSPONSOR.com) - More than a
quarter (27%) of those polled by a social-networking site for
40+ Baby Boomers said their biggest workplace worry was the
value of their 401(k) accounts.
Reported by Fred Schneyer
A news release by TeeBeeDee said the retirement savings worry came in second, behind the key worker concern – layoffs (42%).
Twenty-four percent of the more than 500 Boomer poll respondents feared being able to get a new job, and 6% were afraid their pay would be cut.
The announcement said networking members have started discussions to share tips on “Recession Cuisine;” a Penny Pinchers group that discusses how to find sales and deals for holiday shopping and there is an ongoing discussion on dating during a recession.
You Might Also Like:

Products |
Automated Force-Out IRA Processing Now Available from iJoin, PenChecks
The firms say it can help employers, who won’t need to respond to as many inquiries from former employees about...

Products |
Plan Start-Up Fees Waived by ShareBuilder 401k
Plans set up in December can also include an initial 401(k) contribution from the business owner.

Retirement Savings Could Be Hit for Years as Result of Pandemic, Natixis Says
Its 2020 Global Retirement Index says making retirement opportunities more widely available, as well as plan features such as automatic...