The stock market boom of the 1990s did a great disservice to the average retirement investor: it made her feel that big stock returns were the key to retiring in style. From 1990 through 1999, big American stocks grew by an average of 18.2% per year, based on the Standard & Poor’s 500 stock index. A $50,000 investment in the […]
Retirement Planning
Hidden warnings of danger in your 401k plan
The collapse of the Houston-based energy trading company Enron has demonstrated that a seemingly benign 401k retirement savings plan may be dangerous to your financial health. Enron’s collapse virtually wiped out the retirement savings of many employees whose 401k account balances were largely invested in the company’s stock. Individuals with accounts that were once worth hundreds of thousands of dollars […]
