401K Cash

GOP congressional leaders Friday vowed to oppose President Obama’s budget priorities, comparing them to those of socialist governments in Europe.

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MANATEE — The Eaton Corp. plant in Manatee County is enforcing furloughs and suspending matching 401K contributions for all of its employees.

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J. Crew has halted its contributions towards employee 401k savings plans as part of an effort to save $40 million per year, the company announced today.

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Research reveals a hidden “loophole” in government regulations that may allow (un)employed workers to recover financial losses in 401K plans from their (ex)employers. [PR.com - February 26, 2009]

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The economic downturn is forcing America’s households to learn a tough lesson: how to fend for themselves.

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The Nation — Just got off a briefing with OMB Director Pete Orszag.

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Don’t shy away from opening those 401K statements, since experts say it is now time to take stock of the depressing news. NY1’s Monica Brown filed the following report.

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WASHINGTON - Many baby boomers are overexposed on risky stock investments that could devastate their retirement plans, Sen. Herb Kohl warned Wednesday.

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Streamwood village president candidate Jason Speer testified Wednesday before a Congressional committee to encourage help for small businesses so they can offer retirement plans for workers, even during tough economic times

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At a harrowing national moment, Franklin D. Roosevelt commandeered the young airwaves for a “fireside chat” with the American people — a candid talk about big troubles and how to fix them. He was confident and strong, a father figure to a nation that was losing its way.

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