SO many questions about retirement plans in this economy…and such IMPORTANT info for you to know. Questions like: Should I cash out my retirement plan to start a small biz? Is my retirement plan protected if I file for bankruptcy? My employer is going out of business – is my 401k money safe? Should I cash out of my retirement plan to pay off my credit card debt? Watch my ABC segment. Q and A is at the end so stay with it.
[zdvideo]http://video-cdn.abcnews.com/091007_ann_gm_rollover.flv[/zdvideo]
Great…Now I have to read your other posts. That means my afternoon productivity is shot…Thanks a lot. Nice post.
First and foremost, recognize that it CAN happen to you, so start setting up your contingency plan now. To do that, the two most important things you can do are to slash down your expenses and maximize your retirement investments.