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."
Guarenteed Retirement Account Bailout (G.R.A.B.)
Click Here to see the updated 2.0 version of the report.
Wednesday, February 25, 2009
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