Economy slowing down 401(k) contributions

Eight percent of investors have recently halted or reduced their contributions in 401(k) plans, a study reveals.
APR 30, 2008
By  Bloomberg
Due to the current economic climate, 8% of investors have halted or reduced their contributions in 401(k) plans in recent months, according a study to be released next week. The study from Cogent Research LLC of Cambridge, Mass. showed that 57% of respondents are worried about maintaining their current standard of living. Bruce Harrington, managing director for Cogent, spoke about the study today at the Retirement Income Distribution Evolution Summit at the Harvard Club in Boston. The survey canvassed 1,000 respondents online in March and April. The conference is sponsored by Financial Research Associates LLC of Santa Cruz, Calif.

Latest News

Number of CFP professionals reaches fresh worldwide record
Number of CFP professionals reaches fresh worldwide record

The global body overseeing the CFP mark hails milestone year, with the US accounting for most of the 230,000 plus planners now holding the designation.

Ackerman promoted at Integrated Partners, Robertson Stephens strengthens board
Ackerman promoted at Integrated Partners, Robertson Stephens strengthens board

Some of this week's hires across the wealth and investment industry

Emergency savings dynamic shifts to positive for first time in three years
Emergency savings dynamic shifts to positive for first time in three years

More Americans have added to their savings than depleted them.

Muted week for stocks, bonds amid data, trade, conflicts
Muted week for stocks, bonds amid data, trade, conflicts

Some big headlines have made many investors cautious this week.

Dollar bets disrupted by Trump trade speculation
Dollar bets disrupted by Trump trade speculation

Traders see tariffs mostly as a bargaining tool.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.