Retirement Plans Recover

The Obama Administration has done its utmost to support the stock market through these recessionary times, and this good news is the result. This is how they always planned for Obama to win re-election, and that is probably what will happen:

Americans who were afraid to open their 401(k) statements during the recession are finding good news inside the envelope now: For the most part, their accounts have come all the way back and then some.

Nine in 10 of the popular retirement plans are at least back to where they were in October 2007, the peak of the stock market. Since the bull market began in March 2009, stocks have almost doubled.

And many investors who kept their nerve and continued putting some of their paycheck into a 401(k) during the market's worst months are now ahead.