re: #491 Diego

Wouldn’t that depend on the stock market just as the 401’s are, which were trashed when the market collapsed? And so, what do you tell someone who has lost everything and is about to retire? ‘Tough’?

Prudent 401K plans didn’t “lose everything” when the market collpased. They went down a percentage, but are still worth $$$. As to a retiree, he wouldn’t be taking all that out in a lump sum, therefore it was a paper loss, not an actual loss. He would still have the majority of it to draw off of and the 401K plan would still be earning as the market now recovers