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Unsteady Economy Prompts 401(k) Strategy Shifts by Participants
The Wall Street Journal; subscription may be required June 23, 2008 Excerpt: Some are trimming back their 401(k) contributions as prices for daily staples like food and energy creep higher. Others are boosting savings to better prepare for what could be a costlier retirement. Not all retirement-savings plans have seen the strategy shift. But a number of retirement-plan providers have noticed the change, which follows an uptick in the past year in the amount of money being borrowed against 401(k)s. |
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