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Schwab: 401(k) Savers Grow More Conservative

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NU Online News Service, Dec. 19, 6:31 p.m. – Workers who used self-directed 401(k) plan brokerage accounts at Charles Schwab Corp., San Francisco, to save for retirement put nearly 95% of net new assets into taxable bond funds, asset-allocation funds, fixed-income securities and money-market funds during the third quarter, up from 49% who made such conservative choices in the second quarter, according to Schwab.

But overall self-directed account allocations were similar in the third quarter to allocations for the third quarter of 2001, Schwab says.