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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: coug who wrote (189787)	3/10/2009 12:16:58 PM
From: Mike M2	Read Replies (5) \| Respond to of 306849

The stock market was extremely oversold and due for a bear market rally- here it is.

To: coug who wrote (189787)	3/10/2009 8:36:09 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

Don't let the crooks fool you. US companies pull out of retirement contributions A wave of US companies are suspending payments to their staff 401(k) retirement plans in a bid to cut costs amid the economic downturn. Saks, General Motors, newspaper group McClatchy, clothing company J.Crew, FedEx, UPS, Coca-Cola Bottling, Reader’s Digest, Motorola, Regions Financial and Sprint Nextel are among the growing list of companies which have suspended contributions in recent months. EDITOR’S CHOICE In depth: US downturn - Mar-10People forced to delay retirement - Jan-14Even the AARP, the influential advocacy group formerly known as the American Association for Retired Persons, will suspend contributions to its staff 401(k) plan from March 22 for the rest of the year. The growing number of suspensions appears to strike a blow against the viability of 401(k) plans, which were introduced 30 years ago as the main way that Americans should save for retirement, replacing defined benefit pension plans. Companies typically offered to match employee contributions up to 5 per cent of annual salary. The average 401(k) plan at the end of 2007 held about $65,000, but half of them held less than $19,000, according to a trade group, the Investment Companies Institute. They would hold much less today because of stockmarket falls. The suspensions mean that individuals can continue to contribute to their plans, but their companies will not. ft.com