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Monday, April 18, 2011

Attention DNC: Hire this blogger to write your talking points
Posted by Jill | 6:00 AM
Best explanation I've seen of how the stock market recovery doesn't mean full recovery for 401(k) balances:
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.

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Blogger Southern Beale said...
Math is hard.