AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Byline: William Lockwood
All of us want to enjoy a comfortable lifestyle in retirement. And that's why we can relate to those Enron employees who lost so much of their savings from their 401(k) plans.
Enron was an extreme case, but it does help illuminate a problem that's common among 401(k) investors - relying too much on one stock.
Business setbacks can happen quickly, and if your retirement plan is dominated by just one stock, you're taking on too large a risk, particularly if you're nearing retirement.
Unfortunately, far too many people seem to let company loyalty guide their investment decisions. Almost 30 percent of the assets in 1.5…