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Administration February 18, 2009
My 401(k) is 'Shorn' so Take Some off the Top
February 18, 2009 (PLANSPONSOR.com) - Now the
distance between the value of your 401(k) before the
recession and what it is now can translate into "a little off
the top" - literally.
Reported by Fred Schneyer
The KARE11.com Web site reports that a Minneapolis hair salon is now offering to take a percentage off customer’s bills based on how much the customer’s 401(k) has tanked in recent months – up to half off.
The Web site said John Charles, who owns The John Charles Salon and his business partner, Craig Weitz, came up with the idea.
Customers only need to bring a 401(k) statement or some other way to prove their account balance loss and the cashier will deduct the amount from the bill.