Health Insurance Daily

To Ride Out Bad Times With 401(k) Savings Takes A Plan

The nation is experiencing what some have called the worst financial crisis since the Great Depression. And based on the sharp drop in the value of their 401(k)s, few American families would disagree. Now, more than ever, they need advice on how to deal with the crisis.

Jerry Costilow, for example, retired in 2004 because of health problems. For now he relies in part on Social Security Disability payments. Through the end of September, the value of his 401(k) was down more than 25%.

To read more click on 401K.

posted by Mike @ 8:35 AM