Consuming Interests: Consumer Sundays: what happens to your 401 (k) and pension if your employer goes bankrupt? - News and tips for consumers on shopping, saving money, deals and credit

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December 19, 2008

Consumer Sundays: what happens to your 401 (k) and pension if your employer goes bankrupt?

So, hypothetically speaking, you work for a business that has recently declared bankruptcy or otherwise goes kaput.

Unfortunately, given the downward trajectory of our markets lately, this is a reality that affects more and more people every day.

Read Eileen's column Sunday to learn the fate of your 401 (k), pension and other accounts that are tied up with the company's messy finances.

And over in Watchdog ...

Road closed sign

... we take a look at a road closure so frustrating that some drivers are willing to drive the wrong way on a one-way street to get where they need to go.

Posted by Liz Kay at 4:40 PM | Permalink | Comments (0)
Categories: Budgeting, Economy, Personal finance, Retirement, Watchdog

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