One of the most effective ways that you can prepare for retirement is by contributing to your company’s 401k plan.
Over 7 million job lost, rising unemployment rate, plunging stock market values - while most of the headlines over the past two years have focused on the negative impacts of this current recession, there have also been some positive impacts as well.
So what is a 201k? No, it’s not some new investment account. It’s just how many individual investors feel after watching their 401k balances drop by 30, 40 and even 50% in the last few weeks.
