Your Retirement - Full of Golden Years or Golden Arches?

rssfeeds@vasrue.com — Wed, 05 Dec 2007 20:25:16 PST

"Global Crossing exec pledges $25 million to repay employees who lost their retirement funds" "WorldCom Ex-Controller Pleads Guilty" "Lucent employees file lawsuit to recover losses in their 401(k) accounts tied to Lucent stocks" "Enron employees lose their jobs and most of their retirement savings as Enron becomes insolvent" In light of all of the recent news concerning corporate fraud and 401(k) pension fund mismanagement, it is imperative that you take the time to learn about what you need to do personally to protect your own retirement assets. Sure, you might take the head-in-the-sand approach to retirement, but if you end up penniless in your golden years, you might find yourself working at McDonald's to keep food on your own table. That would be a real shame. "Like millions of Americans, a large part of your savings may be in a pension fund sponsored by a private corporation or union...You have to be your own watchdog." --- Pension and Welfare Benefits Administration, a division of the U.S. Department of Labor.

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Your Retirement - Full of Golden Years or Golden Arches?