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The Daily Interview: Is My 401(k) OK? Investors Seek Answers After the Fall

 

How upset are the investors who've had the courage to look at their 401(k) balances only to see that they've lost tens or if not hundreds of thousands of dollars? Are they panicking, or even giving up on equity investing altogether?


Martha Priddy Patterson
Director of Employee Benefits
Deloitte & Touche
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Not yet, says Martha Priddy Patterson, director of employee benefits policy analysis at accounting firm Deloitte & Touche. But if the stock market remains at bearish levels much longer, she believes 401(k) investors might begin to voice concern. Here's why Patterson says stock shock isn't causing investors to panic just yet.

TSC: Many 401(k) investors have seen their retirement accounts depreciate by thousands of dollars over the past few months. Are 401(k) plan sponsors concerned about how much of a hit people have taken in their savings, and are any 401(k) investors giving up on the markets? ...

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