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Market Gyrations Last Week Trigger Shift of Retirement Savings Into Fixed-Income Funds
Financial Week 
Sept. 23, 2008
Excerpt: It takes a lot to scare workers into making sudden changes to their 401(k) plans, yet droves of participants moved their retirement assets around last week as the volatile equity markets became too much for many to stomach. Participants in 401(k) plans fled from equity funds and moved investments into safer fixed-income investments last week as manic market conditions and an uncertain economy rattled many workers, said Pam Hess, director of retirement research at Hewitt Associates.
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