Archive for October 10th, 2007
Greenspan sees United States economic toll from credit crunch
Wednesday, October 10th, 2007Open Question: What does declaring bankruptcy do for me?
Wednesday, October 10th, 2007Greenspan says United States economy OK, except for housing
Wednesday, October 10th, 2007UAW reaches tentative deal with Chrysler
Wednesday, October 10th, 2007Open Question: What website can I go to for debt consolidation loans?
Wednesday, October 10th, 2007Open Question: 401K plans, there not necessarily guaranteed right?
Wednesday, October 10th, 2007Someone at my work told me that 401K is guaranteed money but I always thought that it really depended on how well your investements were doing that determined your pay out at retirement. I told him that you are not guaranteed anything and you could actually loose money with a 401k if the market does very bad. This is true right, I think the misconception people have is that 401k is guaranteed money. I am not against it and I invest as much as I possibly can in it, but I wanted to make I was telling him the right thing. to me, 401K are more like potential supplments for retirement. Any help would be appreciated regarding 401K. Thank You