If you're stunned as you watch your 401(k) balance shrink, know that your pain is shared by millions--reflecting a broad decline that hasn't occurred since these retirement-savings plans started 20 years ago. A recent study by Cerulli Associates shows the average account lost nearly $5,000 in 2000. With the equity markets expected to stay cool for a while, researchers at the benefits consulting firm say the growth of 401(k) assets is likely to continue to taper.
But sinking stocks may not be your only problem. Have you taken the time to design a well-diversified plan? Even "affluent" baby boomers--those with household...
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