Why Even a Rally Won't Save You Wall Street Journal (05/01/03) Vol. 32, No. 4 p.D1; Simon, Ruth
This article emphasizes that an upturn in the stock market may not be all that helpful to the 52 million Americans with 401(k) retirement plans. Not only have some employers reduced or cut their contributions to workers' 401(k)s, but some employees have chosen to take out significant loans against their retirement plans, workers are contributing less to their 401(k)s, and fewer workers are signing up for 401(k)s. These factors, in addition to what some experts call workers' inability to adequately manage their retirement plans, may prevent many workers from saving enough for retirement, even if the stock market rallies.