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  • Stock market drama has some rethinking 401(k)s

    11/10/2008 4:22:57 AM PST · by Libloather · 31 replies · 484+ views
    Biz Journals ^ | 11/07/08 | Anne Gonzales
    Stock market drama has some rethinking 401(k)sWorried employees wonder if they should stop contributions, others in dire financial straits take out loans Sacramento Business Journal - by Anne Gonzales Correspondent Friday, November 7, 2008 In another ripple effect of the economic downturn, financial advisors and retirement plan administrators are getting swamped with calls from employers and employees about their 401(k) plans — asking if they should curtail or eliminate contributions. Some employees are also cashing out their 401(k)s or borrowing against their retirement plans to avoid eviction or foreclosure, or to pay medical bills. When an employee takes a peek...