Average 401k balance up 55% as of end of June
In the Sun-Sentinel, August 4, 2012, Benjamin Tobias was quoted in the article, Average 401k balance up 55% as of end of June. The article cites research pointing to the rebounding of 401(k) balances since the market low of 2009. Mr. Tobias points out that in the long term all markets will continue to rise and people most need to focus on the long term while ignoring short-term volatility.