401K Cash

There are no 401K plans when you own a public golf course, especially one built with family money.

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ATLANTA — Channel 2’s Jim Strickland is working on a story about yesterday’s volatile day in the stock market. The Dow is down 700 points since April 26th. If you are an active investor or living off IRA or 401K income with concerns over the market’s current state, WSB would like to speak with you.

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GRAND JUNCTION, Colo. (KJCT) — Personal investments took a huge hit Thursday, with the stock market suffering a huge blow. 401k’s were some of the hardest hit.

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CHARLOTTE, N.C. — “It makes you scared of what’s happening,” said Bob MacMartin as he and other retirees discussed this week’s turmoil on Wall Street. Most of those who gathered for lunch Friday at the Senior Center on Tyvola Road count on their 401K plans and other investment for their retirement income. MacMartin said 80 percent of his retirement income is from his investments, and he is not …

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Wall Street analyst opinions on stocks making headlines in Friday’s market

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Thursday’s nearly 1,000 point drop in the Dow Jones Industrial Average didn’t repeat itself Friday, but it was still a pretty crazy day for traders and analysts and anybody with stocks and bonds on their 401k.

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The Bank of Japan said it will pump 2 trillion yen ($21.8 billion) into the financial system after the Greek debt crisis caused instability in financial markets in the U.S. and Europe.

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Macquarie Group Ltd., Australia’s largest investment bank, will sell its management rights in Macquarie DDR Trust, a manager of U.S. retail properties, as it shifts away from the so-called satellite model it pioneered.

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The Senate rejected a proposal that would have required the nation’s six largest banks, including Citigroup Inc. and Bank of America Corp., to shrink in size as part of an overhaul of the U.S. financial-regulatory system.

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Japanese Finance Minister Naoto Kan said Group of Seven nations will discuss Greece’s fiscal woes in a conference call today after concerns the European debt crisis will spread sparked a global stock rout.

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