6% of 401(k) Investors Cease Making Contributions

Many investors are still too afraid to get back into the stock market, and their hesitancy is putting a drag on the market’s resurgence, the Chicago Tribune reports.

About 6% of 401(k) investors have stopped contributing to their plan altogether, not realizing that they have the choice of putting the money in stable-value funds rather than the market. One investor incorrectly commented, “I am a middle-aged person, concerned about what approach is useful when it comes to socking away money for retirement. My previous strategy of putting as much money into my IRA, 401(k), as possible no longer seems prudent.”