401K Cash

The only good thing you can say about the effect of the stock market swoon on 401(k) retirement accounts is that it has pushed some employees to seriously examine their account statements. Many workers hadn’t paid attention since they first signed up, often when they were hired. This neglect meant their 401(k) asset mix and the amount deducted from their paychecks never changed.

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With its nice view of Lakewood Park, Bill Chestnut called his office “paradise.” After 40 years in manufacturing and marketing, in his eighth year with the Land Pride division of Salina’s Great Plains Manufacturing, he felt secure as a product manager.

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After 37 years as an educator, including 29 in Danbury, Joel Levitt is ready to move on.But Levitt, the arts coordinator for the Danbury public schools, is 60 years old. That gives him a five-year wait until he can get health insurance through Medicare.

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Chances are your portfolio needs to be rebalanced One good thing you can say about the effect of the stock market swoon on 401(k) retirement accounts: It has pushed some employees to examine their statements.

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Mike Dudek is wondering where he can park in the City of Lockport.Dudek is the owner of Absolute Wire Forming Inc., a business he recently moved from South Buffalo to the Bewley Building.On Feb. 17, he walked outside to find a parking ticket on his car. Dudek had been ticketed for parking more than two hours.

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Kyrstin Lekki (Niagara-Wheatfield) hit an RBI triple in the second game of the Buffalo State College softball team’s Saturday sweep of visiting Morrisville State.

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Starpoint junior Beth Beutel tossed a complete game and went 3-for-4 at the plate.

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In a couple of days, it’ll be the end of 2009’s first quarter. Mutual funds and 401k plans across the country will trot out their quarterly reports, which as dutiful investors we will all read – right?  Me neither.   But, as companies increasingly move workers from defined pension plans to 401Ks, more of us are becoming responsible for our own retirement funds.   It’s a scary thought, especially …

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Marianne Berger looks like a woman who has been caring for others for more than 30 years. Her shoulders are slumped. Her graying hair is pulled back away from her face, which seems weary, but most of all, disappointed.

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Manitowoc Co.’s chief executive, Glen Tellock, received compensation valued at $3.5 million in 2008, a 26 percent increase from the previous year, according to an Associated Press analysis of figures disclosed in a regulatory filing.

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