explanade
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- May 10, 2008
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And even become the default option without the account holders explicitly choosing annuities as the choice.
Annuities may be coming to 401(k)s Robert Powell - MarketWatch
As the columnist notes, people can just withdraw 4% a year, although there would be no guarantees that the 401k balance won't be hit by a severe market downturn. But can retired people, who are no longer contributing to 401ks but not necessarily withdrawing see their balances hurt?
That is, in the meltdown of 2008, we heard about a lot of near-retirement folks seeing their balances go down by almost half. Were there retired people who also got hit?
Annuities may be coming to 401(k)s Robert Powell - MarketWatch
As the columnist notes, people can just withdraw 4% a year, although there would be no guarantees that the 401k balance won't be hit by a severe market downturn. But can retired people, who are no longer contributing to 401ks but not necessarily withdrawing see their balances hurt?
That is, in the meltdown of 2008, we heard about a lot of near-retirement folks seeing their balances go down by almost half. Were there retired people who also got hit?