Hot off the presses after my 401k loss announcement, Fidelity also reported 401k balances dropping 28% in 2008. The average account went from $69,000 to 50,000. Good news is that contributions actually went up slightly since 2007. So while on paper a lot of us lost money, we still have more shares in our portfolio. [...]
I received my year end statement from Fidelity yesterday for my company Roth 401k. Now, we all know how bad 2008 was in regards to investments. The Dow Jones Index lost over 30% alone. Now, I knew that my 401k was going to be bad, but can you imagine seeing the difference between my contributions and [...]
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