Tag: 401k
Abstract The booms and busts of the late 1990s and 2000s have taken 401(k) plan participants on a rollercoaster ride. Using data from administrative tax records and household surveys, this paper examines how participants responded to these periods of economic expansions and contractions by documenting changes in 401(k) participation, contributions, and investment allocation from 1990…
Participants, Who Rarely Mess with Their 401(k)s, Are Putting Their Money in Harm’s Way Usually people writing blogs know the answer to questions they pose in titles, but I am actually baffled by the fact that Individual Retirement Accounts (IRAs) now hold more assets than 401(k) plans (see Figure). The great bulk of IRA balances…
