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Can You Trust Your Employer's 401k Plan? Not If Company Stock Is An Option.

The presence of company stock within a 401k plan is a major red flag. On the other hand, it provides a simple way for employees to assess whether they can trust their employer and any of the products and services offered within a plan. The more company stock within a 401k plan, the less an employer can be trusted. It's that simple.

 

Unemployment rate rises to 9.8% as employers cut more jobs than expected

Unemployment rate rises to 9.8% as employers cut more jobs than expected

A net 263,000 jobs were eliminated in September, pushing the jobless rate to a 26-year high. Stocks fall on the news. The nation's labor market took a turn for the worse in September as employers eliminated a net 263,000 jobs, far more than expected and reversing a pattern of steadily declining payroll losses in recent months, the Labor Department said today.

 

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