Investors Still Stash $ for Retirement

Even the stock market’s wild gyrations in 2008 didn’t deter investors from funding retirement accounts.

According to a report on trends from Principal Financial Group Inc., 19.2% of investors participating in retirement programs increased 2008 contributions while 16.5% stopped or decreased contributions.

The report looked at about 44,000 retirement plans in 2007 and about the same number in 2008–all services of Principal.  In total, the average retirement account balance was down 28.5% in 2008, giving up most of the gains made in 2007. Investors under the age of 50 suffered the largest decrease in their accounts–32%.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS