For the retirement industry, there wasnt much to gloat about in 2011. I hate to end the year on a sour note, and I know I'm not listing them all, but there are plenty of media missteps, lawmaker oversights, and plan misjudgments.
By Jenny Ivy |
Updated on December 21, 2011
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For the retirement industry, there wasn’t much to gloat about in 2011. 401(k) account balances shot to record highs in the first quarter, and by the end of September, they retreated to 2010 levels – or lower.
Household net worth isn’t any better than it was during the financial crisis, yet perhaps the silver lining is that through all this, workers are still contributing to their 401(k)s.
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