Final tally on 2008 retirement accounts shows 24 percent drop
The average 401(k) account fell 24.3 percent in 2008, according to analysis of millions of account records by the Employee Benefit Research Institute (EBRI). That’s probably a bit less than most investors would have guessed. Even more surprising, over the five-year period from 2003-2008, the average account was up 7.2 percent. That’s not bad, considering [...] [...more]
