Guarenteed Retirement Account Bailout (G.R.A.B.)

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Wednesday, February 25, 2009

PhillyDeals: The 401(k) under fire in Washington | Philadelphia Inquirer | 02/25/2009

PhillyDeals: The 401(k) under fire in Washington | Philadelphia Inquirer | 02/25/2009: "Congress is weighing whether to set up a guaranteed, forced worker-savings program to supplement Social Security.

That's after the value of worker-run personal investment plans - Individual Retirement Accounts and 401(k)-style programs - fell 27 percent, or $2.5 trillion, in less than two years, retired Vanguard Group founder John C. Bogle testified before the U.S. House labor committee yesterday."

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