Balances Down, but Savings Up in 401(k) Plans

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Joe Averageguy put in $3512 over six months. At the end of the period, he had 1% less in his account than when he started. The market only ate all of what he put in plus one percent more of his prior balance. Indeed participation and diversification must be wonderful (to Fidelity).

of 1:10PM August 14, 2008

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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