Quote:
Originally Posted by jOHN rODRIGUEZ
A recent Time article states: $2 Trillion lost from retirement accounts during the past 15 month period.
Where do these lost funds end up?
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The loss is primarily on paper. Most retirement accounts in the US are mostly mutual funds invested via 401k's and various other investment devices. Their value depreciated severely.
One of the big issues concerning this, is that alot of people had money in bond funds that were touted as fairly safe, but the way the bubble burst they felt the brunt of the storm.