Market Crash Could Lead To 401(k) Changes


	Market Crash Could Lead To 401(k) Changes

Retirement and College

4-12-2009 5:33 PM

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4-15-2009 2:45 PM

plusaf

and then roll them to IRAs and make withdrawals tax free....

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ab37d54f-4340-4563-ace5-8c324006018d/DEEDF8F4-9DD9-4193-8818-11FB017D9EF2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.boston.com/business/personalfinance/articles/2009/04/12/during_a_bear_market_future_of_the_401k_is_questioned/" href="http://www.boston.com/business/personalfinance/articles/2009/04/12/during_a_bear_market_future_of_the_401k_is_questioned/" style="font-size: 11px;">www.boston.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/personalfinance/articles/2009/04/12/during_a_bear_market_future_of_the_401k_is_questioned/"><H1>During a bear market, future of the 401(k) is questioned</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/personalfinance/articles/2009/04/12/during_a_bear_market_future_of_the_401k_is_questioned/"><P>The worst bear market in a generation has caused the savings in many Americans' 401(k) retirement plans to plummet. The losses, coupled with worries about a lengthy recession, have prompted some lawmakers and others to call for 401(k) reform.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/personalfinance/articles/2009/04/12/during_a_bear_market_future_of_the_401k_is_questioned/"><P>Alicia H. Munnell, director of the Center for Retirement Research at Boston College, said 401(k) accounts are too tough for most people to use, and too often, she said, people make the wrong choices by, say, taking too much risk close too retirement.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.boston.com/business/personalfinance/articles/2009/04/12/during_a_bear_market_future_of_the_401k_is_questioned/">Munnell advocates for a new retirement account in which the US government could mandate participation, but that could be administered by private investment companies like Vanguard and Fidelity Investments. She said people wouldn't have access to their money before retirement, and when they retire, they'd receive the funds as an annuity, not a lump sum. Munnell also wants the money in the accounts to be federally guaranteed, at least partially.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/DEEDF8F4-9DD9-4193-8818-11FB017D9EF2/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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