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March 11, 2008 at 10:34 AM #167778March 11, 2008 at 10:45 AM #167358sdnerdParticipant
For those that hate searching for articles, highlights below. Actually some interesting information.
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Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
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In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“March 11, 2008 at 10:45 AM #167681sdnerdParticipantFor those that hate searching for articles, highlights below. Actually some interesting information.
”
Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
”…
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In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“March 11, 2008 at 10:45 AM #167685sdnerdParticipantFor those that hate searching for articles, highlights below. Actually some interesting information.
”
Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
”…
”
In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“March 11, 2008 at 10:45 AM #167716sdnerdParticipantFor those that hate searching for articles, highlights below. Actually some interesting information.
”
Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
”…
”
In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“March 11, 2008 at 10:45 AM #167783sdnerdParticipantFor those that hate searching for articles, highlights below. Actually some interesting information.
”
Eighteen percent of workers had loans outstanding from their retirement plans in 2007, up from 11% in 2006, according to a survey by the Transamerica Center for Retirement Studies, a nonprofit corporation funded by Transamerica Life Insurance.Major retirement plan providers are reporting a similar trend. The number of participants taking loans from their 401(k) plans rose by 7% at the end of last year from six months earlier, according to a JPMorgan Chase analysis of 350 plans nationwide that cover 1.3 million people. Those results followed a period from January 2005 through June 2007 when loans from these 401(k) plans fell by 15%.
”…
”
In the Transamerica study, which surveyed more than 2,000 full-time employees at for-profit companies, 49% of those who borrowed from their retirement savings said they had taken the loans to pay off debts, up from 27% in 2006.In some instances, workers in fear of home foreclosure may be tapping retirement funds as a last-ditch measure, says Anne Lester, a senior portfolio manager at JPMorgan Asset Management.
“March 11, 2008 at 11:09 AM #167363ArtyParticipantIs it true that S&P 500 P/E is actually around 7 to 8 if you count from 1930…?
March 11, 2008 at 11:09 AM #167684ArtyParticipantIs it true that S&P 500 P/E is actually around 7 to 8 if you count from 1930…?
March 11, 2008 at 11:09 AM #167689ArtyParticipantIs it true that S&P 500 P/E is actually around 7 to 8 if you count from 1930…?
March 11, 2008 at 11:09 AM #167721ArtyParticipantIs it true that S&P 500 P/E is actually around 7 to 8 if you count from 1930…?
March 11, 2008 at 11:09 AM #167788ArtyParticipantIs it true that S&P 500 P/E is actually around 7 to 8 if you count from 1930…?
March 11, 2008 at 11:14 AM #167368kewpParticipantSurprised no one’s commenting on today’s market yet :).
It’s a fools rally based on the Fed’s last-ditch efforts to avoid a systemic financial collapse. I can’t imagine a more clear sell signal than this.
Free capital gains means I (and others) would just double-down on our shorts. It would crash the market in no time.
Now, double the capital gains on shorts/puts and eliminate it for long positions? That might do something.
March 11, 2008 at 11:14 AM #167691kewpParticipantSurprised no one’s commenting on today’s market yet :).
It’s a fools rally based on the Fed’s last-ditch efforts to avoid a systemic financial collapse. I can’t imagine a more clear sell signal than this.
Free capital gains means I (and others) would just double-down on our shorts. It would crash the market in no time.
Now, double the capital gains on shorts/puts and eliminate it for long positions? That might do something.
March 11, 2008 at 11:14 AM #167695kewpParticipantSurprised no one’s commenting on today’s market yet :).
It’s a fools rally based on the Fed’s last-ditch efforts to avoid a systemic financial collapse. I can’t imagine a more clear sell signal than this.
Free capital gains means I (and others) would just double-down on our shorts. It would crash the market in no time.
Now, double the capital gains on shorts/puts and eliminate it for long positions? That might do something.
March 11, 2008 at 11:14 AM #167726kewpParticipantSurprised no one’s commenting on today’s market yet :).
It’s a fools rally based on the Fed’s last-ditch efforts to avoid a systemic financial collapse. I can’t imagine a more clear sell signal than this.
Free capital gains means I (and others) would just double-down on our shorts. It would crash the market in no time.
Now, double the capital gains on shorts/puts and eliminate it for long positions? That might do something.
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