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Thursday, January 29, 2009
Just a thought: Educating the common people to better manage their 401(k) plan - will it work?
In the wake of people suffering 401(k) plan losses due to substantial decline in financial markets over the past year, some people are proposing educating workers to better manage their 401(k) plan and avoid such declines in future.

Question, however, is:

- if highly educated and experienced MBAs, CFAs, hedge fund and mutual fund managers and other financial professionals couldn't avoid losses
- when banks and investment houses like Washington Mutual and Lehman Brothers ended up going down
- when even supposedly safe target-dated retirement funds and auction-rate securities went down substantially in price,

then how are the common people, with regular jobs, family and other responsibilities, can become so educated that they will be avoid substantial drops in future? Just a thought.
posted by Little Rishi @ Thursday, January 29, 2009  
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