A collapsing stock market has not shaken investor confidence in their retirement plans, according to a survey released at a Newsmaker on Friday, Dec. 19.
The Investment Company Institute analyzed data from more than 22 million 401(k) retirement savings accounts sponsored by its members and other large financial administrators.
The study found that 3 percent of investors stopped contributing to their plans in 2008 and that 3.7 percent took some kind of withdrawal. “In sum, 401(k) investors are not racing for the exits,” said
Read more