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Pennsylvania Estate Planning, Will, Trust & Probate News

401(k)s Disappearing Value


Posted on Feb 09, 2009

According to Fidelity Investments, the average account balance of 17,095 workplace 401(k) plans fell by 27% in 2008.  The average plan also dropped to $50,200 in 2008 from $69,200 in 2007, and this was after the average contribution of $5,600.  This remins us that we must be areful to position our retirement assets based on our ages and proximity to retirement for a rebound, and/or to preserve principal. 

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Phoenixville
120 Gay St.
Phoenixville, PA 19460
Phone: (610) 933-8069
Fax: (610) 240-9323

Regular Business Hours

Malvern
116 E. King St.
Malvern, PA 19355
Phone: (610) 240-0750
Fax: 610-240-9323

By Appointment

West Chester
17 W. Gay St.
P.O. Box 515
West Chester, PA 19381
Phone: (610) 933-8069
Fax: 610-240-9323

See David by Appointment call 610-933-8069 For David Frees

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