Wednesday, November 4, 2009

Surprise! That 401(k) Account Is Looking Good

By: Shea McCabe

Written by Karen Blumenthal

Get this: despite the biggest and broadest decline in financial markets in a generation, the median 401(k) retirement account at Vanguard Group on September 30, 2009 was up 7% from where it was two years earlier, when the market was at an all time high.

Seems impossible, doesn't it?

If you've looked at your investments lately, you might be surprised at how much they've rebounded as the DOW Jones Industrial Average has climbed back above 10,000, especially if you've got a healthy mix of stocks and bonds and you've continued to make contributions.

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