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Bankruptcy

: The Debt Podcast

Employer?s Bankruptcy Could Hurt Your 401(k) Plan

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If your employer goes into bankruptcy, there are a couple ways it could hurt your defined contribution plan (like a 401(k)). One simple way is obvious:  If you owned the company’s stock in your 401(k), there’s a good chance it’ll be valueless in the long run.  It’s easy to accumulate employer stock if the employer matches [...]

Full post as published by The Debt Podcast on March 09, 2010 (boomark / email).

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