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State retirement assets fell 24 percent in 2009
By Heather TreseAccording to new data from the U.S. Census Bureau, the nation's state retirement systems lost $641.3 billion (24 percent) from 2008 to 2009.
With a volatile stock market commonplace and retirement plan participants confused about investments, the role of advisor and investment committee is key. We keep advisors informed about ETFs, TDFs, REITS, HSAs, and more.
According to new data from the U.S. Census Bureau, the nation's state retirement systems lost $641.3 billion (24 percent) from 2008 to 2009.