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View Diary: Daily Kos Demographics Poll: What's your 401(k) balance? (39 comments)

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  •  advisors are skittish after GWB crash (0+ / 0-)

    where investments lost 40% in days and $1M became $600K and CDs went from 3% or so down below 1%.  I think that is why a cushion is assumed that the 3.5M allows for a 40% drop and for a 1% return for a certain period of time.
    Certainly, $1m is not enough in liquid assets to feel completely safe these days, esp. when most people have the bulk of their net worth in their home equity

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