October 16, 2008

StreetTalk

by Carol Rosen

How is your 401K? (Asked at the PW Market, Via Valiente Center)


“We were just talking about that situation. Our retirement plan is stable.”

Charlene Della Maggiore, 57
Almaden
Santa Clara County employee


“I got completely out of the stock market two years ago. I didn’t like the market then and I put the money into real estate. “

Helen, 30ish
Almaden
Homemaker


“It’s holding up OK. The market rebounded almost 1,000 points today.”

John Clark, 65
Almaden
Retired


“Its down a little. I’m worried. I think the 1,000 points [it went up today] helped, but not enough.”

Kathleen Hammerstad, 64
Almaden
Semi-retired nurse


“Better today than last Friday, but still abysmal. I’ve lost 30 percent since last year. It’s bad but when the government announced what they were doing to stabilize the big banks, maybe that will stabilize the market.”

Jan Bromberg, 57
Almaden
Realtor


“It’s not looking too good. I haven’t looked, but listened to everyone around as co-workers complain about theirs. I don’t even want to look.”

Debbie Rinauro, 42
Almaden
Phone system programmer


“I was in business for myself. I don’t have one. My mutual funds have gone down quite a bit, but there’s still enough to live on.”

Mike Cuevas, 68
Almaden
Retired


“Right now it’s probably not as good as it was a month ago.”

Betty Newkirk
Almaden
Substitute teacher at Graystone Elem.