Tag: retirement
When the stock market tumbled almost 5 percent in early August, thoughts hearkened back to the market collapse when equity prices fell 57 percent from October 9, 2007 to March 9, 2009. Much of the losses in equity values occurred in 401(k)s and IRAs held by Early Boomers approaching retirement. Those already retired were mor…
Although the economy is technically in a recovery, unemployment remains high. And the Fed’s August 9 decision to keep rates low through mid-2013 suggests that policymakers expect weak growth for the foreseeable future. What’s happening to older workers in this never-ending malaise? The answer turns out to be a little complicated. Two forces are at…
