Tag: 401k assets
Holding company stock in 401(k) plans – always a bad idea – has declined sharply. When a colleague and I wrote a book on 401(k) plans in 2004, we devoted a whole chapter to the perils of investing 401(k) assets in company stock. And many meetings around that time involved impassioned pleas for Congress to…
Even so, 401(k) balances remain modest for most. It is always fun to look at Vanguard’s most recent edition of “How America Saves.” And it is particularly interesting to get the numbers for 2020 – a year when COVID-19 shut down the economy and the stock market soared. Everything we have seen would suggest a…