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Monday, April 18, 2011
Attention DNC: Hire this blogger to write your talking points
Best explanation I've seen of how the stock market recovery doesn't mean full recovery for 401(k) balances:
See? THAT is how it's done.
Say you had $100,000 in your retirement account and it lost 40% ($40,000) in 2008, but gained 40% in 2009. You did not regain your lost $40,000, you regained $24,000, which is 40% of the $60,000 that was left in your account.
See? THAT is how it's done.
Labels: bloggers, Social Security
1 Comments:
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