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401.(Knight Ridder Newspapers)
During the bull market, workers loved their 401(k) plans because stocks' huge gains promised a comfortable retirement.
But now that headlines are shouting the misfortunes of Enron Corp. employees who watched much of their 401(k) money evaporate, investors and financial experts are wondering whether these plans will leave many Americans unable to retire.
Investments in company stock _ the source of most of the losses for Enron workers _ are not the only 401(k) problem. In the last decade, corporations have shifted the responsibility for saving for retirement from themselves to employees. Many companies have abandoned traditional pension plans, which require the employer to pay for and guarantee retirement income. Instead, they have offered 401(k) plans, which require workers to contribute their own money and choose investments.
"We've conducted this vast social experiment in which we've left retirement investing in the hands of individual workers," said William Bernstein, a principal at Efficient Frontier Investors in Coos Bay, Ore. "It's like asking people to…
- DiamondRock Hospitality Company Reports First Quarter Results.
- Press release article from: PR Newswire April 29, 2008 700+ words
...s same-store RevPAR increased 0.3 percent. -- Hotel Adjusted EBITDA Margins...same-store RevPAR increasing over 4 percent. We are also pleased to have substantially...growth to be at the low end of our 2 to 5 percent range. Despite some likely headwinds...
- Global Industry Participants Planning to Gather at CMAI's 24th Annual 2009...
- Press release article from: PR Newswire February 24, 2009 700+ words
...industry. Whether managing chemicals, plastics or fibers businesses, providing financial analysis, or developing capital plans, attendees consistently rate this conference as exceeding their requirements for a concise and connected analysis of future...
- 'Midgets vs Mascots' Wins the Bronze at Tribeca.
- Press release article from: PR Newswire May 3, 2009 700+ words
...Mascots" is geared toward 18-34-year-old males. In a test screening last November, the film's scores came back 20 percent higher than the average studio comedy. In head to head testing, "Midgets vs Mascots" also beat seven of 10 relevant comedies...
- MGM MIRAGE Announces Proposed Private Placement.
- Press release article from: PR Newswire May 13, 2009 700+ words
...billion in aggregate principal amount of senior secured notes in two tranches due 2014 and 2017, respectively. The Company plans to use the net proceeds from the offering, together with other proceeds, to (i) repay not less than $750 million of the...
- Fort Collins Marriott Hotels Offer Summer Discounts Starting at $89.
- Press release article from: PR Newswire May 15, 2009 700+ words
...Collins, the inspiration for Main Street USA at Disneyland. In addition, Marriott is offering a Global Rate Break. Receive 20 percent off weekend stays between May 21 and September 2. Reservations must be made by June 2. Travelers can book the Global Rate...
- Siemens To Bring Answers For Industry Event To Houston, Exploring Additional...
- Press release article from: PR Newswire June 11, 2009 700+ words
...Questions Facing Industry Leaders Today ATLANTA, June 11 /PRNewswire/ -- After exceeding attendance targets by more than 50 percent at its Answers for Industry (AFI) Event in Long Beach, Calif., Siemens Energy & Automation, Inc. announced today that...
- 'Pina Para La Nina': Jumex Extends Its Line of Products.
- Newspaper article from: Pediatrics Week July 4, 2009 700+ words
...children, adults, and elderly people. Furthermore, Jumex Pineapple is composed of 40 percent natural juices, pineapple concentrate, 2 percent Vitamin A, 4 percent of iron, and 6 percent of calcium. So, the whole family can improve their health...
- 'El Nino' arrives in Pacific for a months-long stay.
- News wire article from: PAC - Pacific Islands Broadcasting Association July 10, 2009 700+ words
...Indonesia. Jane Lubchenco, US undersecretary of commerce for oceans and atmosphere and NOAA administrator, said the agency plans to provide frequent updates to industries, governments and emergency managers about weather conditions El Nino may bring...
- Solar cycle linked to global climate, drives events similar to El Nino, La...
- Newspaper article from: NewsRx Health & Science August 9, 2009 700+ words
...the Sun's cycle, which lasts approximately 11 years. The total energy reaching Earth from the Sun varies by only 0.1 percent across the solar cycle. Scientists have sought for decades to link these ups and downs to natural weather and climate variations...
- Chinese automakers increase their presence.(News)(Report)
- Magazine article from: Automotive News Webb, Alysha January 7, 2008 700+ words
...overall market grew by 26.3 percent. Zhongxing Automobile Co...should rise by about 5.3 percent in 2007, says Zhongxing...of 2007, that was up 63.5 percent from the same period in 2006...electric models. The company plans to launch a plug-in hybrid...
Source: HighBeam Research, 401.(Knight Ridder Newspapers)
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