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.
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A news release by TeeBeeDee said the retirement savings worry came in second, behind the key worker concern – layoffs (42%).

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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.

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